As a Business Advisor, I work with all sorts of business owners, however I’ve noticed that there are a successful few who really stand out. I call them “Forward Thinking Entrepreneurs” or “FTEs.”
Here’s five best business practices that they all have in common:
- FTEs identify company goals and set budgets yearly.
- They receive financial reports for each quarter and then review progress.
From these reports, they identify revenues and examine costs, average sales, meeting targets and improving performance. With regular examination, owners can react, revise and plan accordingly. - They have a marketing calendar and regularly hold review meetings to assess response and track results.
- FTEs make business decisions based upon facts, knowledge, company history and research.
They know their industry, competition, customers, and finances. They ask questions, explore options and rarely make quick decisions. - They are always hiring and looking for those that fit in their company culture and
possess the talent required for the job.
They know it takes like-minded people to make a successful company.
Are you a forward thinking entrepreneur? Share below your success strategy and how it has helped you in your business.
About the Author, Pamela Chatry
Do you work too hard? Is your business in chaos? If you are struggling with business issues, contact Pamela Chatry for a complimentary assessment. Pamela has been a trusted and highly respected Business Consultant, Mentor for Women in Business, Self-Employment Advocate, Trainer and Keynote Speaker for over 25 years.
Visit www.pamelachatry.com or call her at 778-856-8970 for help in getting your business to its fullest potential.
