February 11, 2025
How you can Uncover What Will Make Your Enterprise Fail, or Thrive
In accordance with the Bureau of Labor Statistics, round 20% of small companies fail inside their first yr of operation, that means roughly one in 5 new companies don’t survive their first yr. Why is that?
Each enterprise proprietor I’ve ever met has the identical drawback: they’re always placing out fires. The second one disaster is dealt with, one other pops up. You’re fixing money circulation issues one week, coping with a personnel challenge the subsequent, and attempting to determine why advertising and marketing isn’t working after that. It’s exhausting. It’s irritating. And worst of all, it retains you caught.
Any of this sound too acquainted?
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You typically notice you’re within the survival entice, leaping from one factor to a different, by no means actually making progress.
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You’re attempting to repair the incorrect issues, since you don’t know the proper factor to repair.
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You’re treating signs, not issues.
The Enterprise Precedence Pyramid:
Similar to Maslow’s Hierarchy of Wants explains human motivation, companies even have a precedence of wants. If your enterprise is struggling, it’s as a result of a foundational want isn’t being met. As an alternative of guessing what to repair subsequent, Repair This Subsequent offers you a roadmap. The Enterprise Precedence Pyramid has 5 ranges:
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Gross sales (creation of money) – What you are promoting must generate constant income earlier than anything.
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Revenue (creation of stability) – Profitability ensures sustainability and retains your enterprise from always operating on empty.
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Order (creation of effectivity) – As soon as gross sales and revenue are in place, optimizing operations permits for scale and progress.
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Influence (creation of transformation) – What you are promoting ought to begin making a significant distinction within the lives of consumers and staff.
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Legacy (creation of permanence) – A very nice enterprise outlives its proprietor and continues to thrive by itself.
Most enterprise homeowners make the error of attempting to repair higher-level issues when there’s a basic challenge at a decrease degree. For instance, they could attempt to scale by hiring extra staff (Order) once they don’t have sufficient income coming in (Gross sales). The outcome? Extra payroll stress and larger complications.
Repair This Subsequent helps you diagnose the place your enterprise actually wants consideration, so that you cease losing time on the incorrect fixes.
The Repair This Subsequent evaluation
How are you aware what to repair subsequent? Easy: take the Repair This Subsequent Evaluation (seize your hyperlink right here). It’s designed to determine probably the most urgent challenge in your enterprise proper now. You reply a number of strategic questions, and the evaluation pinpoints precisely the place it’s best to focus your efforts.
This evaluation may really feel daunting at first. It forces you to take an actual, sincere take a look at your enterprise. You may uncover that what you thought was the issue is only a symptom of one thing deeper. However I promise you, when you get via it, you’ll really feel empowered. No extra guesswork, simply readability and route.
Why enterprise homeowners get caught (and learn how to get unstuck)
The largest cause enterprise homeowners keep caught is as a result of they function from intestine intuition as an alternative of technique. They see an issue and react, as an alternative of stepping again and analyzing the actual challenge. That’s why Repair This Subsequent is so highly effective that it replaces reactionary problem-solving with a structured strategy.
Right here’s a real-life instance: A FTN advisor labored with a enterprise proprietor who was satisfied she wanted extra advertising and marketing to develop her enterprise. She was able to spend hundreds on promoting and social media campaigns. However when she took the evaluation, it revealed that her greatest challenge wasn’t advertising and marketing, it was money circulation. She had loads of prospects however wasn’t accumulating funds on time. If she had dumped cash into advertising and marketing, she would’ve simply created an even bigger money crunch. As an alternative, she fastened her invoicing course of, improved money circulation, after which targeted on sustainable progress.
Figuring out the proper repair on the proper time can save your enterprise.
The ability of small, strategic fixes
I’m impatient, you? However you’ll hear me say time and again success doesn’t come from huge, dramatic adjustments, it comes from small, strategic fixes made on the proper time. (Psst – Repair This Subsequent helps you pinpoint the one small repair that may have the most important influence.)
Consider it like tuning a automotive. In case your engine isn’t operating effectively, you don’t exchange the entire thing. You test the gas, spark plugs, and air filters. One small tweak could make the entire engine run easily. What you are promoting is identical approach. If you repair the proper factor, every little thing else begins working higher.
Implementation: How you can use Repair This Subsequent in your enterprise
When you’ve recognized what wants fixing, the subsequent step is to take motion. Right here’s learn how to put Repair This Subsequent into follow:
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Take the evaluation – Establish your enterprise’s present greatest want.
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Concentrate on that one repair – Don’t get distracted by different issues. Resolve this one first.
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Measure the influence – As soon as the repair is in place, assess the way it’s working.
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Reassess and repeat – The subsequent repair will reveal itself naturally as your enterprise evolves.
The fantastic thing about this strategy is that it retains you transferring ahead systematically. No extra random fixes. No extra operating in circles. Simply actual progress.
Why Repair This Subsequent works
Most enterprise books offer you a set of techniques and techniques to attempt. BUT, these methods may not be what your enterprise truly wants proper now. Repair This Subsequent doesn’t offer you simply one other technique, it offers you a diagnostic device to find out precisely the place to focus. That’s why it really works.
Entrepreneurs don’t want extra info. We’re already drowning in enterprise recommendation. What we want is readability. We’d like a option to minimize via the noise and know what to do subsequent. So what’s subsequent for you?
I’m cheering you on from right here!
-Mike
PS! Take some steps proper now!
Get the Repair This Subsequent evaluation right here.
Speak to a Licensed Repair This Subsequent Advisor right here.
Develop into a Licensed Repair This Subsequent Advisor right here.
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