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Take a Picture - Make More Money byUnderstanding the State of Your Business               Melissa Evans       -VP of Motiv...
The Accurate Picture of Your BusinessOne of the most difficult parts of being an entrepreneur or  small business owner is ...
The Hard Part of TruthWe all know that person who has gone to sell a car or even their home and cant understand why they a...
Many small business owners are so passionate about the commitment they have made to their product or business that it is d...
Getting Your Picture In FocusEnlisting the help of a third party consultant can help assess  the general health of your bu...
By having supporting information that can describe the overall health of your  business, it will be far easier to beginthe...
Thanks for Viewing!       Check out my New Book                 At      www.SoletoSoulBook.com@masterbizcoach
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Take a Picture - Make More Money by Understanding the State of Your Business

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One of the most difficult parts of being an entrepreneur or small business owner is having the ability to separate emotions from the business of doing business. Some owners are very involved in the day to day operations and may not see the problem with the overall picture. Others are too distant from the daily issues and can't get their arms around the root causes of low sales or high turnover.

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Transcript of "Take a Picture - Make More Money by Understanding the State of Your Business"

  1. 1. Take a Picture - Make More Money byUnderstanding the State of Your Business Melissa Evans -VP of Motivating The Masses-@masterbizcoach
  2. 2. The Accurate Picture of Your BusinessOne of the most difficult parts of being an entrepreneur or small business owner is having the ability to separate emotions from the business of doing business. Some owners are very involved in the day to day operations and may not see the problem with the overall picture. Others are too distant from the daily issues and cant get their arms around the root causes of low sales or high turnover. Facing an accurate picture of what is going on with your business is the first step towards the strategy for making things better.@masterbizcoach
  3. 3. The Hard Part of TruthWe all know that person who has gone to sell a car or even their home and cant understand why they arent having the level of buyer interest that they expected. What these sellers cant see are the flaws, the changes in consumer buying preferences and trends. Sellers who have recently invested financially into their goods such as purchasing new car tires or upgrading their kitchen appliances are also not always as objective about the right sale price. There is also an emotional commitment that many of these sellers have made that isnt too different from what a business owner experiences.@masterbizcoach
  4. 4. Many small business owners are so passionate about the commitment they have made to their product or business that it is difficult to step back and take a look at what is really happening. Sales may be coming in but are they really netting you a profit? Is your customer base thinning out because of a competitor or because of product quality? Are your employees leaving at a high rate because they have new opportunities or because they are unsatisfied with management? These are all very difficult truths to face but are critical to the success of your business.@masterbizcoach
  5. 5. Getting Your Picture In FocusEnlisting the help of a third party consultant can help assess the general health of your business. This outsider-looking- in view can probably see better than someone who has been working deep in the drenches of their business. Metrics are another great tool to help a business owner see potential issues. Regularly reviewing designated metrics such as inventory levels, employee total working hours, sales by employee and individual product sales will allow you to have visual tools and quantitative information that can help to keep your business on task.@masterbizcoach
  6. 6. By having supporting information that can describe the overall health of your business, it will be far easier to beginthe process of creating an action plan or new strategy. It can be difficult to keep your emotional investment out of yourbusiness, but it is critical to successfully managing your business investment.@masterbizcoach
  7. 7. Thanks for Viewing! Check out my New Book At www.SoletoSoulBook.com@masterbizcoach
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