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As a business owner, it can be difficult to stay focused on any one thing – you are constantly being pulled in different directions. You really need to hire someone but more importantly you need to get more clients in the door, you need be working ON your business and when you get some free time it would be great to spend some time with your customers and make sure they’re happy and spreading the word about you.
On top of that, most businesses are feeling a pinch these days (real or imagined) and a total layer of extra stress.
So how should you be focusing your efforts and your time?
The first step is to make sure you can carve out some time…every week that you use to really work ON your business – make sure you’re working hard on the right things. You need to be creating systems and consistently doing longer term planning based on solid data.
Having said that, if you’re currently flying by the seat of your pants and hoping that you’re actually making money (because your checking account still has something in it) then you really need to start with cash forecasting.
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