Opportunities and needs are handled like another fire drill and decisions are made without a plan in mind.
One thing that needs to be first is paying your employees. While this may seem simple, many businesses ignore this matter at their peril. Even if you don’t get paid, your employees must. Several matters become clear when this is a priority. You need to make a profit and collect money for your work. Again, in many businesses, these are not considered important.
I hear a business owners in Arizona talking about increasing sales. Do they have a plan? Probably not. Could they handle the increase if it came? How would they get this additional work? I agree that a business must continue to increase its sales just to stay even but you’ve got to prioritize this and create a plan.
Perhaps you have thought about buying new machines. Again, is there a real need, what would you buy and how would you pay for them are among the serious questions and considerations that must be fleshed out. These are not issues that can be thought about and decided on the fly.
If you are overloaded, consider making your first priority hiring people who can take over some of your tasks. You are not Superman or Superwoman and cannot “leap over tall buildings in a single bound.”
By off-loading some of your more mundane tasks, you’ll have the time to manage the business instead of the business managing you. Whatever matters you think are important, you’ve got to prioritize them and take some time to plan out how you’d achieve each of them.
If you need assistance in helping you achieve your goals or getting your manufacturing company back on track, give my office a call.