Statistics – the science of producing unreliable facts from reliable data.
The term “business health check” is appearing with increasing regularity in marketing literature. page 9-1. The health check is an informative process however there is very little that diagnostic software can do other than crunch numbers. It provides limited help in the form of guidance, problem solving or solutions.
A simple do it yourself health check is to look at each key business area and search for opportunities to refresh the system that permitted any error to occur.
The opportunity to effect change may come from a variety of directions and may have been uncovered as a consequence of a complaint, lost sale, or unprofitable purchase.
A second and equally valuable health check is to critically view your business as if you were a prospective buyer.
What changes would you demand as essential, before you would put down any money to buy your company? Now make those changes!
Disclaimer: The views expressed in this article are those of the Writer. The information is not meant to be exhaustive. Readers are responsible for making their own inquiries and assessments as to the truth and accuracy of all the information given and should seek advice from professionals. No liability (in contract, tort or otherwise) will be accepted for any loss or damage incurred as a result of reliance upon any material contained in this publication or any information or advice provided in this publication or incorporated in it.