As you will see today, measuring the health of your business is not much different
than measuring your own personal health.
than measuring your own personal health.
Is your business healthy? How can you determine if it is or not?
The process mimics how you determine your own personal health. When you see your own personal physician for your annual checkup, they start with some basic information. In the medical field, these are called “vital signs.” Your blood pressure, body temperature, height, weight, etc., are captured before the doctor even sees you. The doctor then listens to your heart and lung palpitations and asks you how you feel. Based on this simple process, the doctor determines whether further tests are necessary.
Your business has vital signs that can be measured and monitored, as well. They aren’t physical signs, though—they’re accounting signs produced as a part of the accounting process. Naturally, you have to have accurate and up-to-date information to determine the relative health of your business.
The process mimics how you determine your own personal health. When you see your own personal physician for your annual checkup, they start with some basic information. In the medical field, these are called “vital signs.” Your blood pressure, body temperature, height, weight, etc., are captured before the doctor even sees you. The doctor then listens to your heart and lung palpitations and asks you how you feel. Based on this simple process, the doctor determines whether further tests are necessary.
Your business has vital signs that can be measured and monitored, as well. They aren’t physical signs, though—they’re accounting signs produced as a part of the accounting process. Naturally, you have to have accurate and up-to-date information to determine the relative health of your business.
“
”
Your business has vital signs
that can be measured, too.
that can be measured, too.
”
If we were the ones screening your business through this process, we would then look at some basic measurements. If there are symptoms of underlying issues, we can initiate further tests to identify and treat them. We’d then quickly compare your business ratios to those of your industry and identify areas in need of improvement. We have years and years of experience to propose and implement strategies to make your business healthier.
Our goal is to put you in a position to maximize the potential of your business as well as your own personal development. You’ve worked relentlessly to get to where you are, but hard work can’t be the only strategy you employ to take your business to the next level and beyond. We will help you determine other strategies to reach and exceed your dreams.
If you have any questions about determining the health of your business, please don’t hesitate to reach out to me by phone or email. I’d be happy to help!
Our goal is to put you in a position to maximize the potential of your business as well as your own personal development. You’ve worked relentlessly to get to where you are, but hard work can’t be the only strategy you employ to take your business to the next level and beyond. We will help you determine other strategies to reach and exceed your dreams.
If you have any questions about determining the health of your business, please don’t hesitate to reach out to me by phone or email. I’d be happy to help!
Your blog post giving good information for each article so keep sharing.
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