If you focus and work on these 10 items, YOU will INCREASE the VALUE of YOUR Business! 

We all know that continuous improvement is an often discuss management principle.  We also know that privately owned business owners do not have unlimited time and resources to apply in a consistent manner.  Those facts should not, however, cause you to delay actions.

The list below is based on research that shows the 10 reasons that most business under preform.  There is nothing on this list that a little focus and effort should not resolve.  It make take some time to have a positive effect in all then areas, so start with the action(s) that will provide you with the largest absolute improvement first.  Once you begin this process and have success...you will find that you will have more time and energy to take the next steps forward.

1. Lack of management systems: Does your business operate without constant management interaction to make everything work?

2. Lack of vision, purpose, or principles: Do you and your management team have a clear picture of where you want the business to go and how you are going to operate to get there?

3. Lack of financial planning and review: Do you regularly review your results against industry standard? Do you budget annually and set financial goals that will position you in the top 25% of your industry?

4. Over-dependence on specific individuals in the business: Do sales or production slow when you or other key individuals are away from the business?

5. Poor market segmentation and/or strategy: Do you have a market focus which emphasis your company's strengths?

6. Failure to establish and/or communicate company goals: Does everyone in your company clearly understand the corporate goals and how they can individually help achieve them?

7. Competition or lack of market knowledge: Do you regularly research the market and analyze the competitors strengths, weaknesses and actions?

8. Inadequate capitalization: Is your time constantly consumed by finanial problems and is your annual capital budget less than optimal?

9. Absence of standard quality program: Do you have a recognized quality system that assures consistent output and helps your business continuously improve?

10. Owners concentration on the technical, rather than the strategic work at hand: Do you spend most of your day in planning activities, creating systems, and managing people or do you get deeply involved in the daily details of the business?

"Action may not always immediately bring the desired results...however, the will be no new results without ACTION!

Your business is the asset that you can control and effect most quickly. Start today to Increase Your Wealth through the POWER that is already resident in Your Business.