At Half-Time, What Is Your Score?
We are halfway through the financial year (if you have a standard balance date!) with no time for a half-time break: how is your business stacking up against the key areas below? Are you ahead of the game or slacking behind?
- Your sales forecast
- Your profit forecast
- Your staff turnover rate
- Your customer satisfaction survey result
- Your aged debtors
If you are ahead of the game, keep doing what you are doing, it’s obviously working for you. But if you are behind, what steps are you going to take to remedy the situation?
My Tip:
Decide which of the areas above are causing you the most concern and get together with your management team or business strategist to come up with a plan to work through the issues.
Don’t leave it any longer to act on a problem that may spiral out of control if left unchecked.