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Pinellas Park, Florida, United States
I founded Core Business Solutions with the goal of helping business owners improve operating results, add value, and recapture the energy and passion that was present when the business was new. We also have the expertise to assist start-up companies create the foundational structure needed to provide the best opportunity for the business to grow and prosper in uncertain economic times. Our goal is to help the business entrepreneur/owner, through mentoring and coaching, develop or enhance managerial skills while providing that independent and objective advice and expertise usually provided by a board of directors.
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Friday, February 26, 2010

When Problems Threaten The Survival of Your Business!

Many types of problems can threaten the very survival of any business.

The typical problems are:
  • Lack of Sales
  • Lack of New Customers
  • Marketing Problems
  • Cash Flow Problems
  • Poor Employee Productivity
And the list can go on ad nauseum.

But how should you react or behave when these problems arise?

What you can't afford to do is to behave like the following:
  • A Goldfish - simply does not realize that there is a problem until it is too late.
  • An Ostrich - buries it's head in the sand and will not face up to how serious the problem(s) are.
  • A Deer in the headlights - frozen into inactivity by the fear of the inevitablility of the impending crash (which becomes a self-fulfilling prophecy).
  • A Headless Chicken - runs around making lots of noise and complaining about everything ('the sky is falling'), but is unable to focus on taking the structured actions necessary to tackle the real issues.
The management animal you need to be is the Sheepdog:
  1. Remaining in control of the situation
  2. Identify the actions required to solve the issues
  3. Staying focused on achieveing your objectives
  4. Herd (lead) your business around the obstacles and distractions back to the safe path
Remember, operating a successful business requires three steps that you must complete and these same 3 steps will help you solve most any problem:

I- Plan- Put a plan down on paper; What will you do to solve the problem (brainstorm all possible solutions)? Who will do it? Why will you do it? How will it get done? When will the plan be accomplished? Is there expert help I need to be sure the plan gets done?

II- Execute- Implement the Plan; "Plan your work and work your plan"; Be sure all the steps are completed on time; FOLLOW THROUGH!

III- Measure- How did the plan work? What were the results? Has the problem been resolved? If not, develop another plan (See step I above)

So in a quick summary you should:

A- Be conscious of your difficulties as soon as possible
B- Face up to the situation and plan what you will do
C- Get expert help to stay on track
D- Design systems (probably some type of report) to give early warning of problems ahead

Once the problem(s) has been solved, make changes in your business to stop the problem from reoccuring.

In about 2-3 weeks or so I'll review another subject designed to provide business owners with information they can use to help them work "on" their business.

Until Next Time : Live Simply, Speak Kindly, Care Deeply, Love Generously and Live In The Moment

All The Best To Everyone,

Walt Morey
Executive Business Advisor Accredited by the Institute for Independent Business
Core Business Solutons is proud to be an Affiliate of Amazon.com


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