In an unpredictable world, even the smartest and shrewdest business leaders need a little help growing their enterprises and earning a reliable return on investment. To that end, Devoted Enterprises in Minneapolis, MN, would like to talk about their latest online tool, the Business Health Check. This simple web assessment was designed to provide critical insights for your company’s key decision makers, allowing them to make important considerations before moving forward with certain plans. When making the right decision could mean the difference between real growth and barely staying afloat, a Business Health Check is a very valuable tool.
A few weeks ago, we did a five-week series on our Tuesday tip of the week. It got so much attention that we decided to put it in writing so we can help even more people remove the barriers to business growth. We believe that there are 5 major things (and many more small things) that prevent most businesses from growing. Most, if not all of what you will read here transcends all industries and all professions! We want your business to be successful and because of that we want to share these 5 points with you.
“Waiting is Not Passivity”
If anyone knows me, they know that I offer many “Vernisms” and that this is one of the favorite quotes that I have used over the years (along with “it is what it is”). I use it because most people who want and expect change actually do very little about making that change happen. We can attest to this with the vast majority of clients that we help. Most of our clients are facing situations where some significant changes need to be made for their own good or to survive and it still takes them 9-12 months to decide to actually make those changes. We can even hand then a detailed plan and it will sit on the desk collecting dust. Waiting is detrimental to your success and is actually far more harmful that at least doing something even if it is the wrong thing. How much better would you be today if you acted and changed 9-12 months ago?
So, if “Waiting is not Passivity”, then why did I tell you to W.A.I.T. if you want success? Since we do a lot of change management and help business owners succeed, we have come up with 4 clear and concise directions on how to make meaningful changes in your business and to make it grow. We want to share those with you now so that the wait can be over for you.
A positive organizational culture is crucial to an organization’s success. Organizational culture is shaped by many factors, leadership chief among them. The values, vision and goals of your organization come from the top down. Management’s actions can encourage a quality culture that keeps employees happy, attracts new talent and builds an excellent job environment. Likewise, leaders may negatively affect the culture and destroy what is great and successful about a business. We have seen multi-million dollar businesses go from successful to bankrupt in a matter of a year. It doesn’t take long to mess up a good thing and sadly it takes a long time to fix the chaos that it can cause.
At both the Small Business Advisory Board and Devoted Business Development, we have a passion for businesses and the success and work life balance of their owners. We have this passion because it became clear to us early on that the majority of businesses fail after they achieve that first level of success and growth. That seems so ridiculous and defeating but it is true. The good news is, that it doesn’t have to happen! You may be asking yourself how can you prevent this if it is so common…..