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- You must carefully and dispassionately evaluate the company services and/or products.
- Next, create a solid and reasonable business model.
- Next, determine a strategy to implement change
- Next “unfreeze” the status quo, implement change, and “re-freeze”
- Follow-up to ensure changes are functioning as designed
- Tweak for optimum success
- Document, Monetize and Measure results against anticipated goals
- The key to successful improvement is embedded in the workforce. Employees must understand the objectives of the business and support the changes that will occur.
- Each business faces its own competition. Competitors, both traditional and non-traditional must be identified and understood.
- Environmental and economic forces always exist. These forces must be analyzed to allow for the new business model to be flexible enough to resist negative impacts.
- Business activity and profitability must be regularly monitored, measured and compared period to period over the shortest possible timeframes.
- Employee relations
- Sales and Company growth
- Profitability
- Capitalization
- Quality of Product and Service
- Successful Exit Strategies
- Emotional Company Entanglements
- Business Focus
- Productivity
- Business Focus
- Cash Flow
- Rising Costs of Labor and Materials
- Employee Teamwork
- Profitability
- Taxes
- Operational Capacity
- Formalization of Business Processes
- Quality