The Dayton Business Journal reported last week that the state of Ohio is going through “an unprecedented, top to bottom review of state agency operations and programs . . .” There was also a lot of press for Moody’s credit downgrade of several large banks. You’re a small business owner – have you ever performed a top to bottom review? Have you ever wondered what kind of “grades” your business would receive?
An independent business assessment is an objective, fast and cost-effective way to identify your company’s strengths and weaknesses through a comprehensive review of your operations. Gathering information from many different areas helps you pinpoint and prioritize improvements, as well as discover new opportunities to pursue. A typical business assessment examines:
– Critical business processes
– Leadership and communication
– Strategy
– Infrastructure and technology
– Culture
– Customer focus
– Key performance metrics
The assessment process itself can include interviews, observations, surveys, and analysis, all presented in a final report for action. The revenue and savings from those actions could be as high as 10-100 times your investment in the assessment!
As entrepreneurs, it’s easy to get wrapped up in the daily routines of running your business. A fresh outside perspective could make a huge difference in your growth and future. Consider an independent business assessment to help you get there.
Edward Livesay
