Do you run your business using best business practices? You probably have a feel for some best business practices if you have been in business for a while. But chances are you are paying attention to some areas more than others.
Over the years that I have worked with small to medium sized businesses to help them grow, not just in terms of top line and bottom line revenue, but also in terms of running a more professional business, I’ve developed some guidelines in several key areas for what I call an “On Target Business”.
Characteristics of “On Target” business owners: They spend time working ON the business, not just IN the business. In other words, they spend time in strategic planning and implementation on a regular basis. They are leaders who have a vision for themselves and for their business over the short and long term. They are known for their integrity in dealing with customers, employees and business partners. They are accountable to their own goals and to what they’ve agreed to do for their company. They apply best business practices. They are growing personally and professionally. They are committed to excellence in the products or services they provide. Finally, they have an extensive network of business contacts, referral partners and advisors.
I’ve identified 5 key areas for business owners to focus on in growing a more professional and sustainable business: Leadership, Finance, Administration, Marketing & Sales and Innovation. For each of these, I’ve included statements that indicate best practice activities and results in each area.
If you’d like to receive my full 5 page Best Business Practices Guide entitled “Put Your Business On Target for Success”, just click here.
