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3 Minute business review

06/10/11

Rasheed Ogunlaru is a leading coach and speaker with clients that include entrepreneurs, Chief Executives and entertainers. He regularly runs a Your Life, Your Business workshop at the Centre. He has written a quick 3 minute business review exercise:

One thing that small business owners, sole traders and consultants are often notoriously poor at is taking time out, taking stock and reviewing their business. Yet it is one of the most important things to do. If we don’t, we can quickly find ourselves and our business off track, overtaken, overly stressed and in serious trouble. 

answers the questions below to assess where you are and where to go next:

1. What’s going well? (be specific)?
2. How can you build on these things (be specific)?
3. What’s not going well / what are the key problem areas?
4. Of these problem areas what are the 2-3 priorities?
5. Now looking overall identify 3 priorities to action?
6. What steps to you need to address these priorities - and when will you (or others) action them?
7. What additional support, resources do you need?

The key thing now is to take action. Feel free to use this video and exercise at any time to prompt and help you.

(View video)

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