Article by Mike Anderson (NSBC Founder & CEO)
As 2024 is closing in on us, now is the perfect time to ‘sharpen the pencil’. If your business is not doing what it should be doing and is spiralling out of control with debt, expenses, poor sales, it is now time to adopt the principle of lean and do things differently.
I like to call it “the washing machine effect” – Stick your business into the washing machine and clean it thoroughly; your strategic plan, forecasts, systems, sales, staff etc. Start a new business with the one you have, before it’s too late.
Get rid of everything you don’t need, large offices, expensive cars, poor performing or unwanted staff. Be brutal on the money. This exercise alone will bring relief and a refreshing approach.
Everything you do should be subject to scrutiny and revision, including your vision, business and marketing plans, budget, sales and expense expectations and more. It’s now all about creating a brighter, less stressful view of the road ahead.