Fortunately there are five signs that can warn you if your business is ponderous and slow.
1. Nasty Surprises
Frankly, as a business owner, I hate surprises. Usually because they are rarely good surprises. I can't remember the last time my accountant called me with good news. Do you understand what I mean? Do you get too many nasty surpsies? If you do, there is a serious problem with your information systems.
2. Breakdowns in communication
Do your subordinates know The Big Picture? Are they on board and pulling in the same direction? Are all the teams playing nicely and sharing information with one another? Have meetings ever turned into sessions of "Pass the Blame"? Do people complain about a lack of communication? If you understand what I mean than you have a serious information problem.
3. Constant firefighting
Are you constantly fighting fires? Are you being pulled back and forth by the crisis of the hour? Have you ever had to abandon a crisis to fight a bigger disaster only to be summoned to battle a catastrophe? Is there always something that demands your immediate attention, right now or the world will end? If so, than you have a serious problem.
4. Constant errors
Have you stopped to think what a bad decision can cost your business? Have you ever wondered if the data you use to make decisions is accurate? Do you have evidence of a time when bad data lead to a bad decision? Can bad information cause you to make a career ending error? If so, than you have a serious data problem.
5. Slow response times
Does it take forever to get answers to questions? Do you wait hours/days/weeks for reports? How long does it take a decision to be implemented? How does your company react to adversity? Does your business react smoothly, avoiding obstacles by adapting or does it grind to a halt? If not, than you have a serious problem.
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You need to retool your business! You need to trim down and prepare for hard economic times. You need to accomplish more with less and that's just the hard truth of it. If your business is slow to react, does not adapt easily to change, is constantly on the brink of a disaster or has concerns about the quality of information then you need to contact me immediately. I will happily explain how I can solve those problems for you.
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