Soar to Success June 2015

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We are half way through the year. It
is time for an assessment of where
you are in regards to your goals for
this year. Sometimes it is a tough practice to
look at the status of your goals but if you do
it now, you can shift and get back on target,
if necessary. As small business owners, we
don’t have anyone holding us accountable to
this. So I challenge you to hold a review and
planning session. Hire someone to facilitate
this for you so you can truly get a clear picture
of where you stand and that will facilitate you
in getting back on track to hitting your target.
Take a look at your financials, where are your
largest expenses? An assessment I ask my
clients to conduct is a risk assessment, what
percent of your revenue comes from each
customer/client, are you diversified? Are your
tradeshow/networking efforts effective? What
is the ROE, return on your energy, as well as
your ROI, return on investment? Taking the
time to see where you are and where you are
going is an investment of both time and money
and it can bring the biggest awakenings.
Have there been any major shifts in your
market space? Any new players entering the
market space, any leaving? Where are you
on staffing? How about with your health care
benefits: are you to the point where you should
self-fund and keep the profits instead of your
insurance company?
How is your own leadership? How is your
leadership team? Sometimes a health issue or
a senior member leaving your team can shift
your organization; again, what are the risks?
And how would you mitigate them?
What about disaster planning? Do you have
a back-up plan in case of weather or fire or
flooding? Are your systems backed up? Have
you practiced restoring them? Best to be
prepared just in case.
When you take a look to see if you are on
target, you will gain insights for ways to meet
and exceed your goals NOW!
Where are you
on achieving
your goals?
Are you on TARGET?
By Jamie Sue Johnson
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SOAR TO SUCCESS | JUNE 2015 | Core Business Strategies