Updated: Dec 25, 2022
Welcome back to another CPR Moral & Ethical Leadership series on Business Sabotage. Friday's post provided fifteen attributes of an Ineffective leader. The goal is to mind your business and self-reflect on eliminating all fifteen negative attributes of an Ineffective leader. Today's post will review a few items that CPR lumped under Lack of Business Operations that may contribute to business sabotage.
Business Operations involve every aspect of how a business functions. Every business is different, however; there are some basic business operation needs every entrepreneur needs to have. For a small business, not having the following can be deemed business sabotage:
goal setting (tactical and strategic goals)
completing a S.W.O.T analysis
understanding your competition
understanding the target market
FEIN (Federal Employee ID) number
business banking account
If you have been in business for more than three years, you should also consider the following:
bringing together the right teams
managing customer relations
Dec 4th, 2022 issue of Serialar recommended eight ways to improve business operations:
Cut costs and become system lean.
Improve customer satisfaction
Utilize all resources
Expand marketing reach
Encourage creativity and innovation (CPR's recommendation) within
Running a small business comes with a myriad of challenges. The leader's core belief that the product or service can make a difference drives the leader. With the number of balls in the air, the leader can quickly become overwhelmed when critical Business Operations remain unattended. This, in turn, can easily lead to Business sabotage. CPR recommends that you adhere to the advice of a trusted consultant, such as CPR, that can assist you in navigating the business terrain. Go ahead, MIND YOUR BUSINESS. We at CPR are here to cheer you on your journey and assist you where possible.