Assess the health of your business

Mark Goldberg

What business owners want most is a healthy business. Wellness has two parts – financial and organizational. To determine the health of a business, owners should ask themselves, is their business profitable, sustainable, and fit for work? Here are some steps to follow and questions to answer when assessing the health of your business:

Set and effectively share goals and objectives. Do you have a business plan to share with your team without involving semantics? Have you set quantifiable and measurable long-term and short-term goals? Have you communicated your goals throughout the organization so that everyone knows what to expect from operational performance?

Marc Goldberg, SCORE Cape Cod & the Islands Certified Instructor

Is employee morale high? Do your employees operate as a team to achieve organizational goals and objectives? Do your teammates value their position and demonstrate it with low turnover and enthusiasm for the organization?

Do you show strong leadership? Are your decisions in the best interests of employees and the business? Have you assembled the best possible team to achieve your stated goals? Are you setting an example for your team as an authentic, transparent and value-based communicator? Do employees feel appreciated? Are you leading by example or managing on demand? Is your team willing to follow you?

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