Real Talk
Top Ten Reasons for Small Business Failures
1. Poor Management
2. A poor “Business Plan” or no written business plan at all 
3. Insufficient “Capital”
4. Failure to control the controllable costs and poor financial management 
5. Growing too fast or out of control
6. An inadequate “Marketing Plan” or Lack of competitive market advantage
7. Poor record keeping 
8. Procrastination and failure to adapt to change
9. Failure to seek professional advice and or assistance
10. No web/Internet presence
Pain Symptoms
Is the business running you?
Are you growing out of control or not at all?
Has your Business outgrown you or your personnel?
Is your “Business Plan” up to date?
Are the “Bottom Line Profits” what they should be?
Are you getting an adequate return on your time and Investment?
Are you in the mindset that “nobody knows my business better than me”?
Are family members having a negative effect on operations and/or holding you back?
Is your Business prepared to obtain financing, be sold, or transition to the next level?
Do you have time or take the time to discuss your business with experts on a regular basis?
Do you take mandatory time away from the phones and the operation to evaluate your business and recharge your personal batteries?
Is your passion for your business as strong as it was when you began your journey?
Are your financial statements up to date?
Is your operations bank account overdrawn more than twice per month?
Do you have an exit strategy besides closing the doors?
You need "Professional Help" if;
If your business is failing or growing out of control
If you are not meeting your goal or don’t have goals
If don’t know how to change your business practices to achieve your desired success
Family Members
Working with family members in the family business or even having family members working in your business can be the best of the best or the worst of the worse. Dealing with the emotional effects of family member relationships in business can destroy the business and the relationships. “Best for Business” 101 can help you solve and eliminate most family related problems when it comes to the “Business of the Business”. Let us show you how to manage family conflicts within your business.
Business Partners
Working with a business partner or several partners can be very challenging at times. Partners in business are similar to marriages; there must be some give and take. However the line must be drawn in the sand when it comes to what’s “Best for the Business”. No matter what your percentage of ownership, the partners must determine, through a process, which concept is right and what’s right for the business.
Contract Business
If you are a General Contractor or your business depends on contracts, several factors out of your control affect the survival of your company. Interaction with the contract provider can be a tedious task. Having a contract that represents more the 40% of your business or not having enough profit margins in all of your contracts can be catastrophic. We can prepare you to withstand the perils of contract dependent businesses.
Company Culture
A good company culture begins with the processes of the company. Everyone should be well trained to do their job in a professional manner. Performance goals are established in the beginning and each person knows their exact responsibilities to produce goods and/or services. Their responsibilities are measurable and he or she is held accountable to produce at a consistent level. The work area should be neat and organized and all tools/equipment required for all employees to perform their responsibilities are in place and working properly. It is not necessary for everyone to like each other; however, it is necessary for everyone to respect their colleagues and understand the importance of their performance. It is management’s responsibility to administer these conditions and hold everyone accountable so that their focus is on company goals. This condition will help achievers excel, suppress negative attitudes, identify poor performers, and create a productive culture within the company. A company’s culture does affect bottom line profits. Bad attitudes and poor work ethics transform into poor production quality and inadequate customer service. The small business doctors will identify faults in your company culture and guide you through the steps to change what is necessary to build a successful culture.
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