We’re halfway through 2018, which makes it a good time to review your business goals and make new ones for the second half of the year.
Below are some great things to evaluate to be sure you’re on the right track.
Know where you stand right now. Review your financial statements. You should be able to accurately review your business’ finances to date. Share the numbers with the important members of your team so everyone understands where the business stands.
Evaluate what’s working and what’s not. Know what is moving your business forward. Understand your lead sources and determine how many were converted from sale to construction. Are your teams finishing jobs on time and on budget? How many referrals are you receiving monthly? Evaluate your employees – are they motivated and committed to your business?
Adjust where necessary. Don’t try to fix everything at once. Make small, incremental changes and monitor the results.
Be the boss. Schedule time to manage your business and be the motivator your employees need to do their best work. Your job is to strategize, execute and keep employee performance on track so the business as a whole can succeed.
Add a partner. Don’t feel like you need to go at it alone. Bringing on a financing partner can alleviate the stress of late paying customers or losing jobs to payment issues. Foundation Finance allows you to offer low monthly payments to customers who cannot pay cash. Not only does this build your bottom line but also gives your sales people ammunition in sales consults.
Evaluating your business is an important part of it’s success. Eliminating waste and adding valuable tools can make the difference between a successful second half of the year and staying stagnant.
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