Business Consultants – Give Your Business A Health Check!

All businesses have weaknesses. The important thing is to do something about it. So now is the time to find out where your weaknesses are by giving your business a quick ‘health check’.

So what sort of issues should be looked at if you are to give your business the check it needs?  If you were away from the business for three months (e.g. holiday/sickness), what would the business look like when you got back? If even the thought of this scares the daylights out of you, then perhaps you should look at how you delegate work and how solid your management team is…

Do you work evenings and weekends – why is this necessary? Perhaps it’s time to properly assess your own priorities and your productivity…

If there was one thing you could change, what would it be? What are you waiting for?!

Here are some headings for you to consider while reviewing your business:

Planning

How much time do you set aside to plan the things you want to achieve in your business? Are you reactive or proactive?

Communication

How well would the people you work with rate communication within your business?

Staff

How well are your staff operating; are they motivated; how often do you review their performance with them?

Operations / Performance

How well would you rate the efficiency of your business; how do you manufacture, deliver your product, and perform your service?

Finance

Are you happy with the level of profit in the business, cash flow, profit margins, and pricing?

Systems

How well are your systems operating e.g. computer systems, purchasing, customer relationship management systems, phone systems? Are there areas of the business that could be automated?

Innovation

How often do you improve your product or service to meet your market demand? How often do you improve the way you do things?

Sales

How well are your sales performing, what is your conversion rate, and what do you need to improve in this area?

Marketing

How many marketing channels do you have for your business, are you consistently marketing to your target market?

Delegation

What aspects of your working life can be delegated to another person; are you consciously delegating tasks each month to your staff or an external service provider?

Client journey

Your client journey is the path your customer takes with your business from the first point they come in contact with you, through to the way you deliver your product/service, through to your after-sales service. What is the experience your client has with your business?

Product / Service

How well is your product/service performing; does it meet market demands; when was the last time it was improved?

How can you improve each of these areas within your own business?  If you want to sustain and grow your business, it’s vital to address these issues before they threaten your chances of long-term success.