“Sometimes the questions are complicated and the answers are simple.” ~Dr. Seuss
“What you do not measure, you cannot improve”
Would you like to know how your business could perform better? After all, that is what the purpose of a Business Analysis is for.
Due to the fact that our Business Coaching clients expect us to significantly grow their business, we have become quite good in finding opportunities in any area that could make a business more profitable, or just less time consuming to run for the owner. In fact, that is how every business coaching engagement start, with about a day’s worth of fact finding, and matching obvious solutions to the discovered improvement areas.
When we do a business analysis, we use the same structured approach as when we agree to a client to increase their profit by X percent. We divide the business into its’ functional areas, and in a very systematic way ask hundreds of questions; ranging from marketing and sales, to a profit margin analysis and in depth look at your overhead expenses. The same for your team: How do you recruit, retain and grow your employees, does their actual performance hit what their salaries are worth, does your goal setting and planning process hit that internationally agreed standards, and if not, can we determine what that is costing you and so on.
Not every business owner is interested in working with a business coach, but they just want someone to tell them what it is that they ought to work on to get better results. Maybe one of the businesses that you own and that is run by someone else for you isn’t performing to your liking. In cases like these, a good business analysis is a great solution.
So what do you get?
- A clear list of opportunities and connecting strategies that would address how to take advantage of those opportunities
- A quantified dollar amount of what the company profit ought to be if the main opportunities discovered are addressed
- A prioritized list that addresses the urgency of implementing the needed strategies
Are you ready to get clarity on the state of your business?