Comments on: How Water-Tight is the Hull of Your Business? http://www.businessenrichment.com/how-water-tight-is-the-hull-of-your-business/ Business insight and incite by business experts at BizEnrich Wed, 28 Oct 2009 22:12:13 -0400 http://wordpress.org/?v=2.8.5 hourly 1 By: Arto http://www.businessenrichment.com/how-water-tight-is-the-hull-of-your-business/comment-page-1/#comment-4 Arto Tue, 23 Jun 2009 20:37:56 +0000 http://www.businessenrichment.com/?p=40#comment-4 Good list, it certainly got me thinking about <a href="http://intellcia.com" rel="nofollow">our company</a>. Most of us are ‘far too busy’ to take some time to work on the business and these questions can be used to help initiate that process. Part of that time should be devoted to reflecting on where you are and where you would like to take your company. As you formulate plans, and hopefully a strategic plan, set some performance metrics for your company that support the attainment of your goals. Then measure your performance compared to those goals and use those measurements to help manage toward those goals. Many of the questions posed can be converted into metrics that can be measured and therefore managed. Art Good list, it certainly got me thinking about our company. Most of us are ‘far too busy’ to take some time to work on the business and these questions can be used to help initiate that process. Part of that time should be devoted to reflecting on where you are and where you would like to take your company. As you formulate plans, and hopefully a strategic plan, set some performance metrics for your company that support the attainment of your goals. Then measure your performance compared to those goals and use those measurements to help manage toward those goals. Many of the questions posed can be converted into metrics that can be measured and therefore managed.

Art

]]> By: Arago Partners http://www.businessenrichment.com/how-water-tight-is-the-hull-of-your-business/comment-page-1/#comment-3 Arago Partners Tue, 23 Jun 2009 00:22:22 +0000 http://www.businessenrichment.com/?p=40#comment-3 I think your list is a great "prompter" for any size business. I always try to divide the "renovation" process for distressed companies into strategies and tactics. Several of your questions transcend across both types of activities, but those that address the immediate need for cash flow preservation and validating the product order backlog would be at the top of my list; depending on how severe the issues for the company are and where they are in their revenue growth and maturity life cycle (survival, growth, retreating). Last time I checked, cash was still a key factor to success. Great list. Bob I think your list is a great “prompter” for any size business. I always try to divide the “renovation” process for distressed companies into strategies and tactics. Several of your questions transcend across both types of activities, but those that address the immediate need for cash flow preservation and validating the product order backlog would be at the top of my list; depending on how severe the issues for the company are and where they are in their revenue growth and maturity life cycle (survival, growth, retreating). Last time I checked, cash was still a key factor to success. Great list.

Bob

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