As a business owner, have you ever felt that the decisions you make are a little off and that you wished you could make better decisions with more confidence?
Imagine this: You go out to the beach to have a little surf. After catching a couple of waves, your contact lens dropped out of your eyes. As you do not have a perfect eyesight, you struggle to be precise on the waves. You cannot see the things the way you are supposed to, to be able to make the decisions that are needed.
Same goes for your business. If you do not have the information that you need as a business owner or as someone that needs to call the shots, you will not be able to make precise decisions to solve a problem.
So what is the fix? How do you be more precise?
Back to the surfing idea – an ideal solution would be perhaps go back to the car and get your spare contact lens on. Easy.
In business, the only way to be precise is to get the required knowledge across all areas of your business. Not just the things that you are familiar as a business owner. There is so much more to business – operations, marketing, finance, customer service, web development etc.
In Biznostics, eight core areas or foundations (cashflow, people, sales, time, operations, marketing, customers; and profit) of our clients’ businesses are assessed and evaluated to give them a thorough diagnostic. It is crucial to know all the necessary information and issues within these eight core areas in your business. This is so that you can actually act with precision so that you can make the decisions that are able to make things happen for your business the way you want it to.
The key here is to think about these core areas of your business and understand the processes thoroughly. Think about which of these areas you are more knowledgeable in and where you need to have more information about.