Wednesday, March 30, 2011

Steps to Turn a Business Around

If you run a business that is struggling then I have a simple step by step process for you to follow that will make a huge difference. I will spell it out here and expand on each section over coming posts:

  1. Create a compelling vision or goal for your business
  2. Analyse where you are currently in relation to your vision
  3. Set a strategic management plan to bridge the gap between where you are now and where you want to be
  4. Set up a kpi system to track all the important key performance indicators so you know if you are on track or not
  5. With the information create a balanced scorecard system to prioritise your energies (focus on the 20% that gives you the 80%)
  6. Constantly monitor the information to ensure you are on track or not and adjust when necessary
There is much more detail neede than this but this is the outline, stay tuned for more.




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