Is Your Business Off
Track? 10 Hidden
Warning Signs

The First Step is Honest
Acknowledgement.

Most business failures don’t happen overnight. They happen incrementally, a little bit at a time, when warning signs are ignored or pushed aside.

This exercise has a critical purpose: to make you aware of any underperforming areas and to give you clear information about what those areas are. Look at the ten areas below. If you cannot comfortably answer “True” to a statement, it may be a potential problem.

Acknowledge it today while it is still a small problem. Small problems tend to be easier to correct - sometimes, it’s just a simple course correction, or making a decision to start doing things differently. While big problems can often be fixed there are no guarantees. It depends on a number of factors, such as the seriousness of the issue, whether you are facing multiple problems at once, and how long they have been left to build up. Generally speaking, to reduce emotional stress, time and effort, it is always best to act sooner than later.

For each statement below, consider if it is True, Somewhat True, or False – and simply jot down and keep track of any statements that are False or Somewhat True, for your business.

Reality Check

1.    How to Reduce Staff
Turnover and Improve
Retention

It’s true: I have a stable team of three or more full-time staff, so my staff turnover is low.                                                                                               

2.     How to Make a Business
Run Without the Owner

It’s true, my business is built to thrive long-term whether I am physically there or not.                                                                                            

3.    How to Increase Your
Personal Income from the
Business

It’s true: My personal income from the business is more than satisfactory.                                                                                                  

4.    How to Improve Small
Business Profitability

It’s true: I am more than satisfied with the amount of profit my business is making.                                                                                                              

5.    How to Manage and
Reduce Small Business Debt

It’s true: My business is not weighed down by debt and I can easily meet all my financial obligations.                                                                                       

6.    How to Reduce
Small Business Financial Pressure

It’s true: I have no financial pressures to meet payroll or bills.              

7.    How to Track Your Financial
Progress and Stay on Target

It’s true: I actually enjoy reviewing my monthly financial statements to see how the month went and adjust my plans if needed.

8.    How to Maintain
Small Business Momentum

It’s true: I seldom feel as if I’m spinning my wheels in my business. 

9.    How to Improve
Small Business Sales Figures

It’s true: My sales figures are excellent and are just where I want them to be. 

10.  How to Get More Freedom
and Holidays as a Business Owner

It’s true: I can effortlessly take holidays without having to close early or stop trading.   

As Mentioned Above…

The true value of these 10 questions is that your answers will immediately reveal insights into some of the critical areas of your business:

First: It reveals the specific key areas that are currently underperforming.

Second: It may reveal a hidden trend or pattern that is quietly holding you back.

Third: It reveals just how vital it is for you to start working on your business, rather than getting buried in it.

Fourth: It reveals exactly how much work needs to be done – not just to stabilise your business, but to truly move it forward.