Crystal Davis - "LEAD Lean"
SHOW NOTES: Analysis of The Operating Systems
Most businesses positioned in the optimum growth phase likely have their operating systems churning on auto-pilot. However, at this stage, consideration must be given to what’s next”? Is it time to sell, reinvest or do nothing. Given the fast paced of change, businesses still reeling from the pandemic, and the ease of industry disruptions with technology, let’s say that those tuning in aren’t considering doing nothing. Therefore, the options are to sell or reinvest. Either way, the business must begin to evaluate their operating system with fresh eyes, as would an interested buyer.
Last week Bill touched on the importance of building strong teams. Today, I would like to explore a few high-level aspects of the process, and systems.
Show Objectives – The Why
Making the decision to sell or reinvest is hard decision for any business owner that has put in blood, sweat and tears to build the business to this point. Either way, it is critically important to take a step back to evaluate the strength of the system from the perspective of a new owner, or the new direction. Is the system up to the challenge? What aspects of the system might require an overhaul or an upgrade? Are new and innovative methods needed? Do you have the right talent for the future direction? A review of the operating system is like a wellness check, which supports and enhances your decision.
Key Issues – Owner/Manager Perspective:
What You Need to Know – The What
What You Need to Do – The How
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