|
What is a Business Health Check? |
|
Business Owners who own, manage and operate small to medium sized enterprises
are so busy meeting the immediate requirements for Customers, Staff or Suppliers
that they do not take the time to focus on the years ahead. When your entire
time, attention and energy are taken up with working “in” the business without
capacity to work “on” the business, it is an ideal time for a check-up by an
independent, external Business Advisor or a Business Coach. It is time for a
Business Health Check |
|
|
|
A Business Health Check is a current, overall
assessment of the critical elements of your business. There are a series of
questions which help you focus your attention on the business in a manner that
helps you see it as an external expert might see it. This involves an initial
assessment by you, as business owner/manager, which is independent and detached
from the business. It is a full diagnostic on the business and the results will
determine how healthy or otherwise the business currently is and also highlights
ways and means of bringing change or improvement to the business. |
|
|
|
What is the process for completing a Business Health Check? |
|
The process is simple. Working with an experienced Business Advisor, or Business
Coach, the Business Owner(s) and/or Managers are taken through every aspect of
the business. They are supported in assessing the results of the full diagnostic
report and assisted in developing a plan of action to effect any necessary
changes. Key areas addressed include: |
- External Factors: How is the
business currently coping with factors over which it has little or no control?
Factors reviewed include the Economic or Business Environment, the Industry, the
Competition, Technology and Customers and finally Owners/Shareholders
- Vision for the Business: What
is the desired outcome for this business for the future?
- Strategies, Objectives and Plans: What are the specific ways and means that are going to be
applied to achieve the Vision?
- Structure and Culture to support the Strategies: How are the people, resources, funds and all it takes to run
a business to be organised? What are the underlying rules that govern the
business?
- Marketing, Sales & Business Development: How are Customers going to know about the business and how
are prospects going to become Customers? How are you going to retain and develop
the best possible Customers, Products & Services?
- Production, Operations & Logistics: How are you going to source, manage and produce goods and
services that will meet the needs of your Customers, with a quality and
consistency that you want to maintain?
- Accounting, Finance & Cashflow:
How will you manage the book-keeping, accounting, financial information, while
ensuring that Cashflow is in line with the requirements of the business?
- People & HR: How will you
source and manage the best people needed to run your business?
- Process, Systems & Information to pull it all together: What specific systems and procedures do you need in place to
support all aspects of the business? How will you know when the business is
operating at optimal levels?
|
|
What are the benefits of a Business Health Check? |
|
The Business Health Check process is in two parts. Initially, there is a series of
questions to be answered. This is the diagnostic element. The answers are
reviewed with an experienced Business Coach and Advisor. This review is by an
independent, trained Business Coach, who has the knowledge and expertise to
guide and support the development of a route to success. The results are
compiled in report format and a subsequent meeting takes place with the Business
Owner. The Business Owner will accept or modify the report. Working with the
Business Coach and Advisor, the Business Owner determines the specific actions
for implementation to effect positive changes for the business and sets about
implementing these actions with agreed resources and within pre-determined
timeframes. This brings clarity and purpose to the business function and creates
motivation to take action and effect positive change.
Knowledge has the people with the expertise, systems and capacity to help
steer and direct a successful course from inception through to completion of the
Business Health Check |
|
|
|
Do you want to learn more? Knowledge is focused on
helping you deliver practical business solutions based in reality. To find out
how you can best move your business forward, call us today on 01-8439114 or
email us at
gyb@knowledge.ie |
|
|
|
Other services that we provide include: |
|
|
Business Planning & Plan Implementation
|
|
|
|
Business Coaching
|
|
|
|
Personal Goal Setting
|
|
|
|
Building Better Business: A Programmed Approach
|
|
|
|
Team Diagnostics: the Route to a Better Team
|
|
|
|
Management Training & Development |
|
|