Understanding Your Business Leaks
This is the second in a series about dealing with “business leaks” and the focus of this article is “Understanding Your Business Leaks”. If you missed the first one in the series, you can find it by clicking on the series title, “Business Leaks”, to the right.
Now that we’ve gone through the process of identifying our “business leaks”, let’s start the process of understanding what their impact means to running a business. A “business leak” can have a small impact like needing to simply change a process to be more efficient or it could be big like a major cost-savings on services or products.
Case in point, I mention in the first article that I was paying for services that I hadn’t been using on a regular basis. Below are some numbers to think about:
- Monthly cost for the services: $47
- Number of months paid for the service: 6
- Number… Continue reading
Identifying Your Business Leaks
This is the first in a series about dealing with “business leaks” and the focus of this article is “Identifying Your Business Leaks”.
Do you have business leaks that are affecting the management of your business? Have you noticed that things are slipping through the cracks and you have no idea where they are going? Then it sounds like you have a business leak.
To some, a business leak may be centered on financial issues or maybe you have teaming problems. Regardless of where you have a business leak, it’s best that you identify it and determine a solution for how you will fix it. The next articles in this series will deal with “Understanding Your Business Leaks” and “Fixing Your Business Leaks”.
Some of the ways that I’ve found where I have experienced business leaks are below:
- Paying for services that I do not use on a regular basis.… Continue reading
