Is your company in a crisis? Not sure? Check out the list below to see if you need to take action now!
Denial
You have been warned that there are problems in the company. It doesn’t matter what kinds of problems there are—cash connected, poor collections, declining sales, increased defects if you’re a manufacturer, reports of terrible customer service, and on and on. Denial will kill your company. Get some help—fast.
Cash Problems
The checkbook and company savings account (if there is one) are decreasing every month. Your internal accounting person is on you every day to do something. But there are so many fires, and so many incoming phone calls hounding you that you are virtually paralyzed.
Vision Failure
Somehow you and your team lost track of what business you’re in. It was clear when you began the company, and that continued for many years but you have to admit that today’s vision is really vague and hazy now and since your market has changed and the times have changed you’re lost.
Customer Confusion
As hard as it is to admit to this issue you acknowledge that no one in your company has any idea what your customers want and hope to get in the coming years. The sad, hard truth is that your marketing and sales people simply aren’t doing their jobs. Nobody in your company ever asks your customers what they want from your company. A simple question that most always will result in clear answers.
No Strategic Planning
You don’t have a business plan. There is no written strategic blueprint that offers a track for the company to run on. Why not? Usually the answers range from “no time to do one, who would do it, no one here is capable, we know what to do… writing a plan would just be a waste of time.”
Incapable People
Loyalty is impressive and respected but if the wrong people inhabit your company you’re really in trouble. Speak to a well-qualified labor/employment attorney about steps you must take to remove people who are hurting you and the company. It may take time but no company will ever reach its potential by keeping inferior people on the payroll.
If this is your company, it is time to take action! Contact Gene Pepper at the link below.
Gene Pepper Consulting
Your Common-Sense Consultant
http://www.genepepperconsulting.comGene has extensive experience in strategic business planning, business coaching, turnarounds, and exit strategies. His common-sense approach leads to highly successful business transactions.
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