Why You Must Review The Progress Of Your Small Business

Reviewing the progress of your business and continuously evaluating that progress

are critical dimensions to finding success in a world that can 'swallow you up' if you are not careful. It is vital to have a mission statement that tells the world just what you are all about and continuously reminds you why you wanted to start your business, besides making money. Delineated goals are vital to the concept of a measurable progress and to your success in the final analysis.

Most of us get somewhat 'lost' in the business of the day. We get extremely busy, and we get very tired by the end of each day. It is easy to keep putting off doing an evaluation of your business's progress within the structure that you have deemed important and that you have thus created for your business.

Think of taking a voyage around the world. What are the tools that you need? Who should make up the crew? You know that you need money in the short run of this trip, and it is critical that you do not run out before it is over. Part of the money needs to be in the bank and a portion of it needs to be replenished along the way. In other words, your business needs to make money as soon as possible. This will not happen if you are 'flopping around' each daybusy, busy, busy and not doing any progress analysis. Just as you need a map to sail around the world, you need to look at that map frequently and see if there is anything on the journey that needs to change or be fine-tuned, such as charting the course or fine-tuning the direction. If you wait until much later in the trip to do an assessment, you may be so far off course that your trip around the world is destined to fail. So it is with any business.

Why Review the Progress of the Business?

A review will keep the business on course.

It will help in changing the business plan, if need be before it is too late in the game.

It will advise you of how well you are budgeting. Iris software is appropriate for these and other financial matters.

It can show you how smartly you are spending the money.

It will help you to walk the 'straight and narrow' while you still have an opportunity to remain flexible within your business framework. You will be a lot more comfortable if you are tending to those vital reviews.

You will continuously be in the place of awareness, which will make you feel infinitely better.

You can pause at the meetings and make certain that your employees are 'up to speed' on everything that they need to know. Interaction in these meetings will tell you a lot about the people upon whom you depend.

If your business does fail for any reason, you will feel less guilt, you will have seen it coming and you will know why it is happening.

Some things are beyond your control, but many are not. Assessing your business regularly will help you to perform better, feel better and most likely, think in depth and with greater clarity.

by: Jamie Simpson

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