Wendy Dickinson - "Catalytic Conversation$"
What will happen to your business next?
I invite you to consider what your intentions are for the future of this company. The answer to this question matters in leading yourself, others on your team and in your family, to the ideas that you all generate, as well as to the RESULTS – PROFIT from each.
Identify the strengths, weaknesses, opportunities and threats of each element of your dashboard. I recommend that your dashboard contain metrics that are financial ( costs, cash, income), from operations (supply chains, logistics,), marketing and sales KPI’s, and finally, the people components. Believe that each are the essential elements that go into making decisions for the future of your company, your family and for you.
By the end of our time together you will have used this one hour to assess, align, and develop action steps to turn a profit, increase your profits and to invest your profits.
This is the standard operating procedure for getting the most out of PROFIT Radio - IBGR.network.
Today's working ON the business as it's Chief Executive is not about adding more information or techniques, it is about focus, attention to detail, and execution.
So, today’s show is the execution of your profit plan – the good, the bad, the (O)X we believe are vital to the business’ successful progression – and reading that dashboard to collect the data you need to decide where to adjust, renegotiate, course correct or pivot in your operations, sales, human resource or financial plans.
Key Issues - Owners Perspective
Vision matters. Identify what it is you hope to accomplish during this stage of growth and development in the company. Next, identify the same for yourself as a private citizen.
You need that vision. Next, you need to know what your dashboard is telling you and what each of the metrics means for the company and for your leadership. The family business I mentioned has not been able to approve a budget this year.
What You Need to Know
Every Stage 5 company, with a talented owner, has a vision to deliver the best product or service in their industry. (Vision, mission, purpose right there!)
Next, that owner would need to step forward to lead ideas. At this point, I recommend scenario planning using strategic foresight. Or, in other words, let’s play the “what if” game –
What You Need to Do
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