Take time to work on your business

There is a saying that is very true that many business owners spend “too much time working in the business and not enough time working on it”

I recommend to all business proprietors to take the time at least once every three years to review your progress toward your original goals. This review can be done with someone involved externally and should be carried out off premises, preferably on a weekend.

Look at the reasons you began business, your goals, product lines, customer  service standards, competitive activity, staffing requirements, financing, premises, expenses, insurances, in fact anything and everything that effects your progress toward your original goal.

You may find your original goal has changed and so needs to be reset, this is the time to do it.

Sometimes it pays to have an independent facilitator to run the review.