Six Steps to a Profitable and Sustainable Business
Introduction
The information in this report is to help illustrate the key ingredients or principals that help make any business successful. These are not new principals or revolutionary in nature, but are time proven to work in all industry sectors (manufacturing, wholesale, technology, retail, service, etc.) through good economic times and bad. As you read this report, it is hoped that you will be able to identify areas of your business that may need to be addressed and possibly improved upon. The true value of this report, however, is not just to make you think but to motivate you to take Action.
Do You Remember That Grand Vision You Had
When You First Started Your Business?
Think for a minute. When you started your business did you want more than just a better income?. Did you want more out of life; more freedom, more time with your family, more security, the freedom to work or not work whenever you felt like it?
Do you have these things today?
Statistics Canada states that over 100,000 business will fail this year and that over 80% of business fail within their first five years of existence and that 80% of those that do survive the first five years will fail in the second five years. Even if your business is a roaring success financially, do you find yourself trapped in your business, wearing too many hats, running from one function to another, working too hard, and feeling like you've got to look after everything, because you can't properly rely on your employees?
The information in this report is to help illustrate the key ingredients or principals that help make any business successful. These are not new principals or revolutionary in nature, but are time proven to work in all industry sectors (manufacturing, wholesale, technology, retail, service, etc.) through good economic times and bad. As you read this report, it is hoped that you will be able to identify areas of your business that may need to be addressed and possibly improved upon. The true value of this report, however, is not just to make you think but to motivate you to take Action.
Do You Remember That Grand Vision You Had
When You First Started Your Business?
Think for a minute. When you started your business did you want more than just a better income?. Did you want more out of life; more freedom, more time with your family, more security, the freedom to work or not work whenever you felt like it?
Do you have these things today?
Statistics Canada states that over 100,000 business will fail this year and that over 80% of business fail within their first five years of existence and that 80% of those that do survive the first five years will fail in the second five years. Even if your business is a roaring success financially, do you find yourself trapped in your business, wearing too many hats, running from one function to another, working too hard, and feeling like you've got to look after everything, because you can't properly rely on your employees?
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