Mid-year Heath Check
All too often we get busy “doing” and need to give ourselves a timeout. This includes maintenance for yourself and your business. When was the last time you revisited your business and marketing plans? Have you followed up on equipment and space maintenance? What about rest and rewards for yourself and your team?
Ask yourself these three questions:
1) Did you complete your spring cleaning? If not, there’s still time to follow through
In addition to what we covered previously – are you purging unneeded documents or archiving and saving the one you need for compliance reasons? Never touch a document twice – respond or delegate, delete, or archive.
2) Is your business and marketing plan still working? If not, update and closely monitor
In my own business I was amazed that over time – things that once worked suddenly stopped. Even more interesting was that things that didn’t work in the past and I was hesitant to try again – suddenly worked magic for the business. Go outside your comfort zone and test fresh or previously discounted ideas. Think if the environment around you has changed. Maybe your customers were not ready for one of your previous ideas. Revisit your annual marketing plan and adjust now.
3) Celebrate mid-year accomplishments
Don’t wait until year’s end – small rewards and celebrations will help re-energize you, your team and anyone around you. Never be too busy to thank others, including your customers that are all part of your success ecosystem.
Think through
Are you busy all the time and not sure of what to start next? Take a deep breath go back to a few basics and celebrate along the way. Too often as small business owners we all get tied up in the day to day. Dealing with call outs, mistakes, supplier issues and more. Take time to regroup and recharge. Your team, family, friends and customers will appreciate your renewed positive energy.
Stay fresh and extend your shelf-life by following these three simple tips. Small Business, Big Lessons™
About the Author:
Gregory Woloszczuk is an entrepreneur and experienced tech executive that helps small business owners grow their top and bottom line. Gregory believes in straight talk and helping others see things they need to see but may not want to with a focus on taking responsibly for one’s own business. He and his wife, Maureen, started GMW Carolina in 2006.
Related Stories
‹

Small Business, Big Lessons® - Celebrating 3 Years!Time flies when you are having fun. It is hard to believe the Small Business, Big Lessons column is celebrating 3 years. This week will be a walk down memory lane and how it started. Our business had been advertising for years with WCHL and Chapelboro.com. I’ve had the pleasure of being interviewed by Ron […]

Small Business, Big Lessons® - Measure Twice, Cut OnceEver hear the saying “measure twice and cut once?” It is what carpenters live by. It means taking the time to ensure your accuracy before cutting a piece of wood. There’s nothing worse than needing to go back to the lumber yard to finish a job or try to make something fit – especially if […]

Small Business, Big Lessons® - Local Spotlight on FitnessAmong the businesses hit hardest by Covid-19 is the fitness industry. I had the opportunity to interview local business owner, Dana Harshaw. Dana owns and operates Barre3 (pronounced bar three) in Chapel Hill. She is the local owner within a franchise system of over 140 locations. We spoke about the challenges, opportunities and concerns owning and […]

Small Business, Big Lessons ®: How to Apply 60/30/10Most people have heard of 80/20. Such as 80% of your business comes from 20% of your customers. The concept of 60/30/10 is how one can allocate investments including time. Too many times if you ask anyone – what does a day in the life look like – it will turn into a laundry list […]

Small Business, Big Lessons®: Three Things Big Government Can Learn from Small BusinessWith the continuing COVID-19 challenges, small businesses must continue to innovate to survive. Given limited resources, small businesses are forced to stay engaged and make difficult tradeoffs. What if elected leaders applied some small business foundational rules to government functions? Let’s look at three areas: budgeting, leadership, and urgency. 1) Budgeting – Wouldn’t it be great […]

Small Business, Big Lessons®: Time for a New PlanWith many capacity restrictions on business, it is a requirement for survival to revisit your original business assumptions. What is in the well overused terminology the “new normal” for your business? It may be necessary to start with a blank page. Let’s looks at core assumptions and how to move forward or maybe not… 1) Back […]

Small Business, Big Lessons®:Ready to Reopen - Safely - COVID-19 editionAs many States enter Phase One of reopening local businesses, employee and customer safety remain a top priority. Additionally, keeping the business financially afloat is right behind that. If not careful, what sounds good on the surface, PPP (Paycheck Protection Program) loans could tank your business. 1) Safety – A few resources for reopening are the CDC, FDA, and OSHA. […]

Small Business, Big Lessons™: Resources to Combat COVID-19This week on Small Business, Big Lessons™ — Resources for Small Business, COVID-19 edition. The first option? Small Business Administration Disaster Relief Loans The US Small Business Administration approved Governor Roy Copper’s request for the loans. Many area businesses may qualify and are encouraged to apply as soon as possible. The approval time is projected […]

Small Business, Big Lessons™: Support Local & Shop Small, COVID-19 EditionI hope everyone is taking the advice to increase social distance seriously. It is sad to see the global impact in lives lost. COVID-19 has changed us forever. Once we get through the health crisis, and I know we will, what will happen to the small businesses and people employed by them? Our economy is […]

Small Business, Big Lessons™: Your Million-Dollar Idea!Your Million-Dollar Idea! Ever wake up and feel you have the next great thing – but – it will take you 5 years to get off the ground? How do you get funding, pay the bills and keep the lights on today? Let’s take a few lessons from the world of Spirits on cash flow […]
›