Take Our Quiz and Find Out
Do the downward trends at your business seem to be spiraling out of control? Besides losing sleep, what have you done about it?
In my consulting work, I frequently meet label business and print-shop owners who avoid making hard decisions about their business situation. In fact, some owners go to great lengths to sidestep the truth. Are you one of those owners?
Take our quick quiz to see if you are.
- When was the last time you took a really good look at your month-end financials?
Add 1 point for every month - Have you had more than two consecutive unprofitable quarters in the last 3 years?
Add 2 points if yes - Have you discovered a financial issue in the last fiscal year that you have not yet resolved?
Add 3 points if yes - Have you lied to a family member or employee about money?
Add 4 points if yes - Have you fantasized about doing something drastic to change the course of your life or your business?
Add 5 points if yes
If you scored over 10 points, it’s time to get an honest assessment from an outside accountant.
Then schedule a meeting with your management team. Review current financials. Have every department manager report their current situation.
Reserve comments and judgment during the meeting so you continue to hear the truth.
Call a qualified business adviser when you are ready to make a plan and work on the issues that are bringing your business down. The sooner you act, the sooner you can begin to reverse the downward spiral. The actions you take today can affect how successful you are in attracting good buyers for your company when you are ready to sell.
At the LaManna Consulting Group, our team of experts can help you get started on getting back on track. Not sure how to get started? Give me a call. (561) 543-2323