People – managers, CEO’s, receptionists – regardless of the position – people are the cornerstone of any successful business. Sure, you can read endless business books on strategy, finances, marketing, and more, but when it truly comes down to it, you need a strong foundation of people to make any business operate successfully.
Even if you have totally run out of money and are completely without hope, your business can almost certainly survive the COVID-19 crisis. Furthermore, you can emerge with a business that is stronger than the business you had before the crisis.
A good business plan guides you through each stage of starting and managing your business. You’ll use your business plan as a roadmap for how to structure, run, and grow your new business.
Many business owners and executives loath the act of reviewing the financials. For them, it’s the equivalent of visiting their doctor for a physical; it gets unhappily done once per year.
This is a favorite topic of mine. One of the benefits of being able to assess many types of businesses is the different experiences you encounter. In some instances, you can tell immediately the first time you walk in the door whether the issues are human resource-oriented or not.