Things can move so fast when your business is growing. That’s exciting. But what happens when losing control of it comes home to roost?
A Monday morning greets you with headaches because your financials got sloppy, your lease was up for renewal or taxes were underpaid.
Suddenly, employees are quitting in droves because they feel that management has neglected to manage in a way that keeps the business culture healthy and thriving.
Customers are canceling their orders, memberships or engagements because they perceive that you are either too busy or too arrogant to address their concerns.
Being on top of things is essential – and surrounding yourself with competent advisers who prevent a disaster from happening is good insurance . This is because they are not looking from the inside out, but the outside in.
This is what happens when you lose control.
Check your numbers.
Speak with your teams.
Reach out to your customers – and don’t punish them by having them go through minutes of annoying prompts.
Next year provides an exciting opportunity to try a more pro-active approach for building on strengths (that you may have forgotten about) while guarding against weaknesses.
John’s advice comes from his own experiences of building and selling his own busineses. He knows how easily things can get away. As a result, clients working with russellstrategygroup.com benefit from this wisdom. Part of learning is being able to prevent others from making the same mistakes.