Give Your Business a Health Check to Start the Year Off Right

Posted: January 30th, 2014 | Author: Dan Zimanski

When we want to stay healthy, we schedule check-ups with our physicians.

If we want our cars to keep running smoothly for many years, we routinely take them to a qualified mechanic for tune-ups.

Using this same logic, if we want our businesses to perform well, and be successful, then regular business health checks with an experienced business coach are necessary.

Why Businesses Fail

Everyone has heard that it is extremely difficult and time-consuming to launch a new business, and that many of them do not make it past their first few years. It can be tempting to blame factors like competition or a tough economy when a business doesn’t last, but these are not often the most prominent reasons why small businesses go under.

In many cases, flaws within the basic business structure cause the organization to be weakened. The New York Times compiled a list of the top ten reasons small businesses fail, and these reasons included things like operational inefficiencies, lack of planning, and dysfunctional management, among others.

These are all issues that could be identified and addressed before it is too late, with the help of a thorough business assessment. They are also the types of issues that can be addressed and fixed with the right help in the form of business coaching.

A Basic Business Health Check

You might be thinking that you do not have the time or the money to have a consultant come in and do an in-depth analysis and breakdown of your business.

Fortunately, Action Coach offers a basic business health check that can be completed very quickly, non-intrusively, and at no cost to your business.

During this assessment process, all you need to do is answer a few questions about your business. These questions will allow your business coach to examine issues such as how you manage your time, how well your team works together, how well your finances are being managed, and the efficiency and productivity of your organization’s systems.

The Purpose of a Business Health Check

The ultimate goal of a business health assessment is to identify ways that your business could better use its resources. These resources take the form of time, money and manpower. When your business makes even the smallest changes, if these resources are used more efficiently and effectively, this will increase the sustainability of the business.

Putting the Results of the Health Check to Work

After your business’ quick evaluation has been conducted, you will then get a free report based on your answers, prepared by our team of business coaches.  After receiving your report, it may be a good idea to schedule a call with one of our business coaches to help you to understand where the most impactful improvements can be made.

There Is Always Room for Improvement

Even well established companies understand the value of business health checks. Routine evaluations allow businesses to stay competitive and catch weaknesses before they become costly problems in the future.

If you would like to give your business the support that it needs to lead in your industry, schedule a free business health check and set the right tone for 2014. Show your team, and your competitors, that you are committed to continual improvement, and that you will look for new and innovative ways to grow and progress year after year.

Source: http://boss.blogs.nytimes.com/2011/01/05/top-10-reasons-small-businesses-fail/?_r=0