Have you taken time to review your key metrics for your business lately? Do you know how your business metrics stack up against best business practices? Do you know how the typical performance of other companies in your industry and region compares to your own margins?
Early in the year is a perfect time to get a Business Health Checkup. Usually by February you have finished all your year-end bookkeeping, reconciled all your accounts and made sure your data was accurate so you could send out your 1099s and W-2s. You also have likely created a budget or what I like to call Profit Plan for the new year and you are starting to implement it.
Doing a business health checkup now gives you good information about where your business stands presently and a view of recent performance. What you find in your health checkup report and consultation will give you knowledge, tools and recommendations to make changes that will ensure greater success in working your plan for the coming year.