Starting a business is exciting, but maintaining the momentum is more difficult. So if your business is looking more like a broken down bus than a lean mean machine speeding towards success, then you need to find ways of moving forward. Read on to find out how to up the tempo, and establish a plan for getting out of a business rut.
Identify the problems
Like a shark, a business needs to keep moving. But to know what action to take, you need to identify the problems before putting a strategy in place. The problems can be financial or motivational – but ultimately, it’s down to you to identify what is wrong. If you’re not feeling excited or inspired this can be a pretty good indicator that you’re not stretching yourself or your employees. If the problems are financial then you need to take a good hard look at your profit and loss sheets. Or perhaps you’re just in a holding pattern, where no dramatic action is needed to survive, but everyone is bored to tears. Whatever the problems are, identifying them is the first step to changing the situation. Just make sure you are being completely honest with yourself. » Read more