Business Health Check
This system has been tried and tested, and currently over 20,000 small to medium sized enterprises like you have been through this invaluable process over the last 4 years.
It is a purposeful and comprehensive system that will help you to reconnect with your reasons for setting up your business; review your goals for yourself and your business; log where you, as a business, are today and refocus on your growth path for the future.
The value is immeasurable!
In essence this tool is a snapshot of where your business is at any one point in time, so it can be completed at any time during your financial year. Needless to say, if it is done at the beginning of your financial year, you have a whole year to work 'on' your business, thus setting yourself up for a bigger and brighter picture of your business at year end.
Specifically, this tool looks at six key areas of your business -
- Industry
- Finance
- Management
- Employee
- Customers
- Product/service
For an investment of 15 minutes of your time to complete the Business Health Check, you are setting yourself up to drive your business to achieve the goals that you want for your business and for yourself.
So what are the specific benefits for completing the Business Health Check tool?
- It will help you look at your business strategically; is it managed proactively or reactively? Are you one of 81% of businesses that fire fight on a daily basis?
- The Management section identifies those issues that directly affect you as the Business Owner. Is your business one of the 92% that provides you with insufficient income?
- This tool will also help you, as the Business Owner, to reconnect with your goals - personal, business and financial!
- It will help you reassess your management style - is it enhancing business operations and driving productivity, or is it creating a block?
- The Employee sector asks some searching questions of the way your team operates; are they growing or hampering the growth potential of your business? 42% of businesses say that their employees waste the business owner's time! 76% of business owners say that "staffing" is their major frustration! Are you one of 71% of businesses who do not set performance targets for your team? Market research shows that only 6.1 firms out of every 10 believe that they deliver good service!
- Do you have all the essential financial goal posts in place?Is your business one of 64% who do not have a business plan, 67% who do not have a Cash Flow plan, or indeed, 72% who do not know their Break Even level?
- How are you servicing your customers? The "way you service your customers is one of four ways to grow your business". The questions in this section of the tool will help you focus on this sharp end of your business. Do you know that if you had one unhappy customer, 10 people will hear of it and each of those 10 has the potential to talk to a further 5! Only 6.4 of every 10 businesses say their team meets customer needs. Are you collecting feedback from your customers to use as 'free' marketing collateral to promote your business?
- Do you know the Unique Selling Proposition of your product/service? How you market it and how you are tracking the results of your marketing?
If you are planning to grow and enjoy your business, then let completing a Business Health Check be your priority.
Even if your business is currently "flying", you could still take it to the next level and the Business Health Check should also be your first port of call.
This tool is therefore a serious one designed to identify all areas of your business where its potential is as yet untapped.
It is also designed to help you realise the power of systems and procedures within your business.
You will be working smart when you start systematising 90% of your day-to-day tasks, leaving you to humanise and enjoy the other 10%!
Source: "E-Myth" by Michael Gerber."Only those SMEs who have learned to systematise their business will survive into the future".
Take the Business Health Check (pdf) and fax to 01344 778189