PROFIT RADIO..."Let's Grow Together"
Today I am wearing my F Hat - Finance or the Money Guy. That means I am looking at results from Operations, Customers, and People and how well the owner - me, multiplied those processes. Never forget that financial performance is the result from running the business right.
The second issue is the Stage of Growth. We are at Stage VI where the concern is creating a new reality. Unlike when you started the company, the offer going forward is far more uncertain. Add to this the additional pressure of getting it right; you are facing with the irreversibility of a bad decision. Your decision on where to spend retained earnings will determine if the company reaches exponential growth or even survives.
Last thought before we start, I want to invite you to my new group on our Community of Commerce - Living the Life . If you are a serial entrepreneur and looking to discuss how to build a business that runs itself so you can start running multiple businesses - this is the right spot.
Objectives - The WHY
You are finally joining the Executive Ranks. Want to know where the C Suite (CEO, CFO, CIO, etc.) spend their time? Looking at a series of decision options and scenario planning each to determine the highest ROI at lowest risk. The most essential lesson to learn is most of your decisions are irreversible - meaning bad decisions lead to the company's demise.
Key Issues - Owner/Manager Perspective:
What You Need to Know - The WHAT
What You Need to Do - The HOW
The purpose of this show was to cover a method for creating several scenarios for deciding which of your options are the best - highest upside with lowest risk.
Make sure you leave some thoughts in the comment section below. I am interested in continuing the conversation.
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