I’m discussing how to not only have good people working in your business, but also how to profit from it. These two aspects must work together.
I have two questions for you: How profitable is your company, and how good is your team? If you’re not as profitable as you should be and your team is not as good as it needs to be, what should you do?
We frequently run into entrepreneurs who are running fast. They have sales and activity and are as busy as you can imagine. However, they have a host of issues: They’re not making the money they should be, they’re growing their debt, their accounts receivable are growing, they have human resource problems, people aren’t getting along, things are falling through the cracks. Things are just out of control. What do you do in that situation?
Well, you could get some auditors to come in and take a look at things. You could bring in some business coaches. You could sign up for programs that put your employees through an eight-week course for something. But how do you put it all together?
Often there’s a large disconnect between the coaching, the management, and the financial analytics inside the company. The management and finances need to coincide. When this disconnect happens, the owner is going in the hole, they aren’t making much money, and there’s a lot of conflict and stress within the business.
One of the things we offer is the ability to come in and do an assessment of your company. We not only look at the people, positions, and whether you have the right people in them, but also what your systems are for accountability. We go deep into the weeds of your finances. To have a successful business, you need to have a great team and a strong operation.
It’s one thing to coach your people and help them get better, but if you don’t have the right analytics, financial processes, accountability, and ways of measuring what’s happening in each division, you’re not going to make money, even if you have the best people on earth.
If you find your company in this situation, give us a call. We have the people who can not only go in and analyze the team and help them get better, but we also bring in a financial group that will look deep inside the company and analyze everything and ensure you have the right systems in place to know what’s going on at all times, so you can make excellent business decisions and hold people accountable. We’d love to come out and meet you, get a good idea of what’s going on inside your business, and see if we can offer some solutions that can help you become more profitable and enjoy your workplace in the long term.