Business Temperature Check on 2010
OK, we are two months through 2010. How do your numbers look?
Are you ahead of where you planned from a revenue and profit perspective?
If so, fantastic. The trick is to keep the accelerator on the floor because when you are hot, you are hot.
If you are behind, what changes do you need to put in place today to catch up to where you need to be? Treat this as URGENT.
You can’t let too much of the year go by, and get too far behind before you start making changes. The gap can’t be too big to overcome and still hit your goals.
If you are not sure if you are ahead or behind, you have some real work to do.
There are certain mastery elements that need to be available to every business owner on a consistent basis.
Those elements include:
Revenue—planned vs. actual
Profits—planned vs. actual
Cash flow—planned vs. actual (this is a BIG )
Client acquisition cost—planned vs. actual
Client retention—planned vs. actual
Hours worked—
planned vs. actual. To clarify, productive hours worked.
Marketing results—planned vs. actual
Yes, it is a lot of numbers to understand—but numbers are the language of business. So if you are not comfortable with numbers, you need to figure out how to get comfortable with them and fast.
Your clients may love you, and the team may love working for you, but if you don’t know the numbers that drive the business and the business is not making money, you won’t be in business for long.
Get started with the changes that need to happen today.
Are you ready to make a change?
To make a difference in your business you have to change the way you do things. It begins by attending one of our profit building seminars.
To get started today click the link above. We look forward to helping you grow your business and making the kind of money you always thought possible.
Is your business struggling? Looking to make a comeback?
Is your business in trouble? Want a second shot at growing your business?
“It’s not what you achieve in life; it is what you overcome.”
Famous words from Tiger Woods press conference last week.
It is so sad this revelation was reached by Tiger only after embarrassing himself and his family. Tiger had to hit rock bottom and go to rehab .The world will be watching to see what he is made of, not on the golf course, but in his personal and professional life.
In the beginning of his career Tiger invested time in being the best golfer he could be; now it is time to invest in his character.
To quote President Abraham Lincoln, “honor is better than honors”.
At ActionCOACH we have seen hundreds of business owners make a comeback.
These are the people who had a vision when they first started their business but somehow like Tiger lost their way.
They had a five year business plan, did a SWOT analysis, set up a mission statement and created spreadsheets with projections for growth.
They were hard workers and high achievers, and yet their business failed. Operating a small business successful is not easy.
80% of businesses fail within five years.
The business owner who recognizes that he his business is in trouble, and takes action before he goes to rehab, who like Tiger Woods, asks for help, will overcome. Most great athletes have had a coach who mentored them to their level of success. A successful entrepreneur must have advisors who can do same.
Business today is a race for growth and efficiency. It’s a race with few rules.
Why try to forge your own path to the fairway?
Invest in yourself and hire a business coach who has played the course before you. At ActionCOACH Business Coaching we see honor in mulligan’s.
If you would like a second shot at growing your business, call our office at 203 210 7003 and ask for Jim Malski. He is a man of honor and has a 10 handicap.
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