Theme from Mahogany

Diana Ross sang this a number of years ago and its words fit today’s economy better than ever. Most of us do not like what life is showing us.

Do you know where you're going to?
Do you like the things that life is showing you?
Where are you going to? Do you know?
Do you get what you're hoping for,
When you look behind you there's no open door?
What are you hoping for? Do you know?

Now looking back at all we've had,
We let so many dreams just slip through our hands.
Why must we wait so long before we see,
How sad the answers to those questions can be?

Do you know where you're going to?
Do you like the things that life is showing you?
Where are you going to? Do you know?
Do you get what you're hoping for,
When you look behind you there's no open door?
What are you hoping for? Do you know?

Revenues have plunged and profits are non existent. Layoffs are common and so are business closings. Employees are frightened about their job security and almost all are over worked. Businesses and employees do NOT know where they are going to.

Why is that?

Most of these businesses either do not have a workable business plan or have discarded their plan in the confusion caused by trying to remain profitable. They have moved away from the very aspects of their business that made them successful in the first place. The dreams that they had have evaporated and they are left with struggles.

What can you do about this? Here are 7 ideas.

1 Bring your executive team together and analyze your current situation and the opportunities that exist for you.

2 Use the information to develop a business plan that will work.

3 Focus your efforts so that you harness scarce resources.

4 Stay on top of cash flow. Cash is king!

5 Stop just cost cutting and work on driving revenue and profitability. There is a difference.

6 Engage your employees on focused business building within the scope of the business plan that you have developed.

7 Invest in some expert help. You don’t self medicate, so don’t do it to your business.

You may not like the things that life is showing you, change them. Make sure that you and your entire organization know where you’re going to.

Thanks

John
Maver Management Group



John Maver
President
Maver Management Group
(925) 648-7561
Maver Management