Business Ownership-The American DreamSome 600,000 businesses are started in the US each year.
For most, it represents:
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50% of those businesses won’t be open in 5 years. Why?
Lack of planning, insufficient capital, poor management, over-expansion and ineffective marketing
Of those that remain open, most aren’t as profitable as they could be. And they know it. Some 77% of business owners believe their business should be more profitable. And they are right.
Where are the profits going?
Lack of planning, insufficient capital, poor management, over-expansion and ineffective marketing
Of those that remain open, most aren’t as profitable as they could be. And they know it. Some 77% of business owners believe their business should be more profitable. And they are right.
Where are the profits going?
The 5 key areas the team at RedBird Business Results focus on improving with our clients are:
Purpose-is there a clear vision of what success looks like, does the team know and support the vision, do the clients/customers know?
People-are the right people on the team and in the right roles?
Processes-everything that is done successfully-consistently, is done following a process. Are there processes in place for everything that gets done, does the team follow the processes, could those processes be improved?
Productivity-sometimes referred to as time management. Is everyone making the best use of their time? Where are the black holes that suck time away without producing commensurate revenue?
Profitability-When the first four are addressed, this naturally improves. We find additional improvement by looking at pricing, margins, expenses, sales strategy and the plan for growth and expansion.
To learn more about the RedBird Process, click here.
Purpose-is there a clear vision of what success looks like, does the team know and support the vision, do the clients/customers know?
People-are the right people on the team and in the right roles?
Processes-everything that is done successfully-consistently, is done following a process. Are there processes in place for everything that gets done, does the team follow the processes, could those processes be improved?
Productivity-sometimes referred to as time management. Is everyone making the best use of their time? Where are the black holes that suck time away without producing commensurate revenue?
Profitability-When the first four are addressed, this naturally improves. We find additional improvement by looking at pricing, margins, expenses, sales strategy and the plan for growth and expansion.
To learn more about the RedBird Process, click here.
