Twelve Points for Your Business Compass

Sharing a post from my B2B CFO® partner Tony Valentino:

Every day, management and employees are faced with difficult challenges. At times confusion, uncertainty and frustration can slow or interrupt the organizations progress toward success. These twelve common sense ideas can provide the fundamental principles that will help your organization be successful and reach its goals.

Keep it Simple

The organization has grown so quickly and our business has become so complex that sometimes it is easy to get overwhelmed. When we look at the forest we sometimes forget it is made of individual trees. It is only by getting back to the basic roots of our business that we can understand how our own forest has grown. When we understand the roots, the answers to our problems can become obvious.

Unquestionable Ethics

In a society that has so many laws and regulations, it is easy to confuse the letter of the law with what is right, fair or just. Our organization (and people) must be known for having the highest standards of integrity and for doing the right thing for ourselves and our customers. If we work as if everything we do will be reported on the evening news and we strive to have ourselves and organization held in the highest regard, we will always do what is right.

Aim High

Throughout history there is example after example of ordinary people  producing extraordinary results. It is not just luck. This happens because these people don’t settle for the ordinary, but set high goals and develop plans to get there. If we believe we can be outstanding, we will figure out how to be. If our target is non-existent, we can be sure we will hit nothing.

Stay Alert

Each of us has many things going on around us at once. It is easy to become so focused on our personal priorities that we miss what the organization is dealing with. When we detect that something is amiss or headed in the wrong track, we cannot assume someone else will deal with it. We must remain sensitive to our environment and when we smell smoke, yell for help.

No Surprises

It is impossible to anticipate all the issues that change on a day to day basis, yet a good management team is responsible to deliver a forecast. Since we are all in this together and depend on each other, it is imperative that we communicate continually. When changes do occur, we must inform each other on a timely basis so that adjustments can be made and problems avoided. Surprises are for birthday parties, not for business.

Clear Goals

We don’t get in our car and take off without knowing where we are going and how we are getting there, yet sometimes we are guilty of just letting our business happen to us. If we are going to succeed, we need a goal to define what success is. We also need a roadmap to tell us if we are making progress in the right direction. Goals do not have to be fancy or complex, but should be clear and tough enough to force us into developing sound strategies to get there.

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