1 Victoria Place #301
Painesville, OH 44077
Office Phone: 440-551-9356
Mobile Phone: 440-417-8507
1 Victoria Place #301
Painesville, OH 44077
Office Phone: 440-551-9356
Mobile Phone: 440-417-8507
Last week I promised to talk more about what being a First Class Company means. So let’s take the first requirement, which is “You must be making a PROFIT”.
The periods where you don’t make a profit are usually caused by some “extraordinary” situation or event. If you break the word down it looks like this: extra ordinary. This means that it is outside of your regular business process. Sometime it is quite obvious and sometimes you have to dig to identify it.
What is harder to identify or acknowledge, is when you are losing money over a protracted time period, and: A – you don’t have the systems in place to let you know you have a problem, or worse B – you have the systems but are in denial.
Next, even if you are making a profit, is it enough for the risk you are taking and is it in line with industry standards?
If you would like some help with the above, please feel free to reach out to me.
Next week, we will continue on what it takes to be a FIRST CLASS COMPANY.
Until then, have fun!
To Your Success!
Glenn R. Burkey
Certified Professional Business Coach
Certified Professional Legal Coach
Certified DISC Profile
Office: 440-951-9356
Cell: 440-417-8507
coach@5starbusinesscoaching.com
Why do I say First Class instead of World Class? Because I don’t care how big or how small you are. I only care that you be First Class. So, what does First Class Mean? You must be making a PROFIT. I know there are periods that we don’t, but you must be able to… Continue Reading
Following up from last week, you should have some ideas on things in your business that are running at the expense of your family, your health, your peace of mind, your relationships, your employees, or your reputation. Let’s change things before it’s too late. A very good start is to work on the following: Your… Continue Reading
If you read last weeks, post, you now know the steps to learning. But what do you want to learn? I am going to recommend that you learn how to make more money the RIGHT way. Whoa Coach! Is there a wrong way? Yes. Sometimes the price you pay to make money could be at… Continue Reading
If you have been following along with this series in January, you should have your closets and files cleaned out, and you have quit doing the stuff that didn’t work and are doing more of what did work, and you have had a brain dump on what needs fixed. Let’s keep going. Clean out the… Continue Reading
OK, now that you have your closets and files cleaned out, and you have quit doing the stuff that didn’t work while doing more of what did work, lets keep going. Take out another sheet of paper or a new word document and write at the top of it “Stuff that needs FIXED“. Now simply… Continue Reading
OK, if you completed your fresh start from last week, you should now have your closets and files cleaned out, lets get to the really hard stuff. Take out a sheet of paper, draw a line down the middle of it. At the top left write: “Business practices that worked” and on the right “Business… Continue Reading
To prepare for a fresh start in the New Year, one of the things I do is clean up. I go through my desk drawers and get rid of all the things I don’t used and organize what I do use. I then go through all my files, tossing out irrelevant ones and archiving the… Continue Reading
OK, it is December, and it is time to survey your staff and yourself. What worked? What didn’t work? What you should start doing to improve your business? This is a very simple survey. Simply take a sheet of paper and at the top left start the following: What should we keep doing? Etc. (as… Continue Reading
1 Victoria Place #301
Painesville, OH 44077
Office Phone: 440-551-9356
Mobile Phone: 440-417-8507