Note: Running most Fridays in FromGregsHead.com, is a continuing series of tips brought to you by Greg Price. These run Saturday mornings during the BusinessMaker’s Radio Show on KPRC 950AM. Audio files can be found on the Entrepreneur’s Playbook page of the PKF Texas website.
Before we know it, 2007 will be half over. How do you think this year’s financial results are going to stack up compared to previous years? By reviewing the results and analyzing the details in your business from 2006, you should have a firm grip on what did and didn’t work.
Perform an assessment to see what issues would take your business to the next level or keep it from moving forward.
With everything you have to do on a daily basis, how can you make time to do this type of analysis?
Take an afternoon to work “on” your business and not “in” your business.
Get out of the office if you have to.
Identify one or two things that if improved or changed you know would have an impact on the profitability of your company immediately.
Next week we will begin a 4 part series which details a good way to do this, called a Force Field Analysis.