Welcome
Business Owners are very special people with unique characteristics. In most instances, they have a variety of skills and talents that guide their success. When their businesses are not operating successfully, the problem is frequently evident to a professional advisor. Identifying and implementing a solution, however, is a very different story.
Proven Strategies provides unique solutions for small and mid-size businesses. The SBA defines small businesses by number of employees or annual recipts according to their industry classification. For example, 500 employees applies to most manufacturing industries, while $7 million in annual receipts may be used for service industries. In some cases, these numbers can go as high as 1500 employees and $35 million in annual receipts.
These standards reveal that small and mid-size businesses are rather complex and face a myriad of problems. Rarely will a common solution or program work successfully for all of these businesses. In fact, a frequent problem encountered by many businesses today is that they try to implement the latest fad solution traveling the circuit in their industry. These well hyped solutions may have been the answer for one company’s dilemma before the trade journal writers sensationalized it into the latest fad, but they are not Silver Bullets. Devoting resources to these strategies can have negative effects on the bottom line while delaying progress on real issues.
Shrewd, successful business owners have always known that true success is the reward of uniquely distinct competencies.
Best Practices should actually be the specific methods an individual company develops to maintain the basic business functions. Highly profitable companies are firmly established on solid management development programs; effective sales and marketing; quality production systems; and guided by sound financial principles. Good Business is still about the Basics.
A person does not need a college degree to run a successful business. However, when a business is failing, it is usually because common sense practices are not also good business principles. In many instances, the remedies are textbook solutions.
Do businesses face a common problem today? YES!
Click here to find out more about A Common Problem. (Coming Soon)
