A business health check may seem unnecessary and complicated, but all modern businesses must continually assess where they are, what they are doing and how to move forward.
The benefits of the health check are only possible when a business takes an open and honest approach to the activity.
Business Health Check Benefits
- Overview of the current business state
- Define the future objectives
- Quantify the risks and contingencies
- Provides a clear road map for future growth
- Clarifies information for future decision making
A business health check enables managers and decision makers to understand the ways the business can develop and how to achieve the stated goals.
Practically, it makes sense to periodically perform a business health check, since the business world is continually changing. As do the needs of clients, suppliers and staff. This change implies a continual need to understand the goals and the ways of achieving them.
Business Health Check Definition
A business health check is a formal and technical way to understand and assess how you are managing your company. This includes factors such as:
- Your long-term goals and aspiration
- Growth plans
- Suitable systems and processes
Also, while ensuring that:
- Budgets are set and controlled
- Use of suitable tracking metrics
- Systems, software and processes work as intended
A correctly performed business health check highlights any deficiencies in the current direction of the business and provide an opportunity to grow sustainably. The ability to quickly identify and correct any missteps comes from periodic health checks.
Call DVANA on 0333 006 3800 to book your Health Check.
Business Health Check Objectives
The following highlights some of the main objectives, you probably have others in mind:
- Brand position
- Value propositions
- Improvements in processes and activities
- Clear understanding of the current situation
- Controlling risk
- Allocating resources efficiently
- Identifying new markets
- Boosting efficiency between activities
- Resources deployed
- Tracking metrics fit for purpose
- Identifying skills gaps
- Creating a growth plan
- Finding errors or waste
- Defining contingency plans
- Adopting best practices
- Planning for infrastructure purchases
- Increased productivity
- Process improvement
Implementation of the recommendations of the health check give the business the boost forward. This sometimes means doing things differently, but in order to grow, or scale up, it becomes necessary to do new things. In turn positive change under management‘s control, serves to take the business to the next level.
Getting the correct partner to perform the health check is as important as anything else in business. You need someone who understands your business and who can identify the key sticking points. Seeing the business from an alternative perspective. That is the power of the health check.
Your Sales Dept‘s Business Health Check - Outstanding Insight, Understanding and Dedication