The Top 5 Signs of a Broken Business
Thursday, May 19, 2011 at 01:38AM Is your business healthy or is it in distress? How do you know? This is what I look for.
1. Cannot Pay Bills on Time
Not enough money in the bank account to pay bills screams to me that this business is bleeding and needs emergency surgery as quickly as possible.
2. Fire Fighting Culture
Not enough hours in the day? Phone ringing off the hook? Losing customers? These are all signs that all is not well.
3. What Game are You Playing?
For a team to function effectively, they need a game plan, a set of rules to live by, a position to play in and then accountability to perform as an individual and as part of the greater team. No game plan or systems means chaos rules.
4. Where's Your Next Drink?
If a business doesn't know where its next sale is coming from then it shouldn't be a business.
5. You've Lost that Loving Feeling...
Mindset to achieve success is absolutely key. A business without optimism is one in trouble.