The Seven Deadly Signs

1. You don’t know where your next sale is coming from .
   Having a consistent and reliable flow of customers and sales is essential for the health and growth of any business. Marketing and lead generation must be effective and ongoing in order to provide the flow of sales, current and future, needed for planning and for implementing strategy.
2. Your employees are unhappy or demoralized. 
   The culture, environment and atmosphere of your business will have a direct impact on your customers by way of client fulfillment, customer service, and overall productivity and quality. Unhappy and demoralized staff will not perform to the standards you want and this will have a tangible effect.
3. You feel like you can never be away or take a vacation.
   If the functioning of your business is wholly dependent on you and your presence, it will never grow further than that. You must have an effective management component in place to free you from your business enough to have a life outside of the business.
4. You are losing more customers than you are gaining.
   It doesn’t take a rocket scientist to determine that if you are consistently losing more customers than you are making it is simply a matter of time before you have less customers than you need to break even. And if that trend continues you will be taking on water – or red ink!
5. The company’s objectives are not clearly defined to your employees.
   This is a bit more insidious but still critical sign of trouble. Imagine a soccer team where none of the players know what the team was trying to accomplish. It’s not enough to simply “do your job” – everyone needs to know the vision, the strategy for getting there, and how they fit in with it all.
6. Your business is constantly in a “survival” mode. 
   This can actually be a combination of signs and symptoms, but the general sense of it is easily recognized and can be deadly for a business owner. The daily onslaught of unpaid vendors, outstanding receivables and lack of sales can grind away at you and take the wind out of your sails.
7. The passion is gone and you dread going to work every day. 
   A loss of passion can be attributed to any number of things, but is usually a result of the combined toll of many of the signs listed above. It could be argued that a business owner who has no passion for what he or she is doing is on a fast-track to “jumping ship,” to keep to our metaphors.

Smooth Sailing

Despite economic and other conditions, the reality is that most any business can not only survive, but thrive and grow while avoiding taking on water or losing direction. How do you avoid these pitfalls?

• Be at the helm at all times
• Have a map and a destination
• Keep both hands on the wheel
• Maintain a diligent watch for warning signs

As the business owner this is part of your primary accountability to yourself and to your employees, customers and vendors. It has been said that although the destination is important, it is the journey that makes the venture worthwhile in the end.