57 Ways To Grow Your Business – What Matters To You Really Matters
You own your business for a number of reasons. These no doubt include:
• Providing for your family
• Being your own boss
• Making money
• Having flexibility
• Building equity
To help identify what really matters to you, complete the following questionnaire:
On a scale of 1 to 10 (where 10 is very important), how important are the following
to you?
| Issue | Importance |
| 1. Increasing sales to existing customers | |
| 2. Getting new customers | |
| 3. Expanding your range of products and services | |
| 4. Improving quality and service | |
| 5. Reducing your costs | |
| 6. Energising your team members | |
| 7. Having a written strategic plan | |
| 8. Having a detailed budget | |
| 9. Getting accurate and regular reporting of budget to actuals | |
| 10. Knowing and tracking your Key Performance Indicators | |
| 11. Improving cash management | |
| 12. Reducing debt | |
| 13. Knowing how you’re doing compared to others in your industry | |
| 14. Having a succession plan or exit strategy |
| 15. Using new technology to improve productivity | |
| 16. Having everyone follow uniform systems for all processes | |
| 17. Having greater flexibility with work hours | |
| 18. Taking more time off | |
| 19. Funding your retirement | |
| 20. Protecting your family against your death or disability | |
| 21. Funding your children’s education | |
| 22. Protecting your business with funded cross-purchase agreements | |
| 23. Building your personal wealth |
Once you’ve completed this questionnaire, you should be in a position to prioritise your personal objectives and set actions for business improvement. The most profitable owner managed businesses all have one thing in common:
The owners’ personal objectives are congruent with their business strategies
This is taken from our book ’57 Ways To Grow Your Business’. To obtain a copy please click here.
Guide to selling your business
Your simple guide to helping you maximise the value in your business.
Sign up to receive alerts
Call us on 01628 770 770 for a no-obligation chat
You may also be interested in...
May 2024 – Tax News
It’s full steam ahead as we head towards summer and as ever there’s always something interesting to report on the tax front. WANT TO BE PART OF BETA TESTING OF MTD FOR INCOME TAX? Although making tax digital income tax self assessment (MTD ITSA) is…
Property Newsletter – May 2024
Welcome to our monthly newsletter for property landlords. We hope you find this informative and please contact us to discuss any matters further. Furnished Holiday Lettings: Reaction In Budget 2024, which took place on 6 April, the Chancellor…
New Head of Corporate Finance at Wilson Partners
We’re excited to announce some changes within the Corporate Finance Team. As of March 2024, Adam Wardle will be leading the drive to acquire businesses similar to ourselves, with like-minded team and a culture that will complement our own. Whilst…