Business Health Check can be defined as a quantitative and measurable assessment of you business. These Health Checks will indicate possible areas of improvement in a business and the best direction to follow to improve on these areas.
There are many benefits for a business to undergo a regular Business Health Check. The Business Health Check takes a “snap shot” of the business as it currently stands which includes, but are not limited to the following benefits: Early risk detection, Lower rectification costs, Improved business efficiency, Lower business resource wastage.
This health check focuses specifically on the marketing being conducted by the business. It will measure just how effective the current marketing being undertaken is and if the business is in reality receiving a return on its investment. Under-preforming areas will be identified and recommendations will be made in the rectification thereof.
This health check focuses on the financial aspects of the business. This is a no nonsense assessment of the business’s financial status as well as future areas of financial of risk to the business. Areas of concern to the business will be identified and recommendations made to rectify the area of concern.
This health check will determine whether a person is in a position to be able to start their own business or not. The health check not only determines if the person is a suitable candidate but also determines if the business they wish to start is indeed the right one for them.
As difficult as it may be, the best thing a business owner can do is to sometimes take a step back, evaluate his situation, and accept that he needs help before it is too late --------- Pat Pattinson