Day-to-day business operations can place considerable demands on an entrepreneur’s time and energy, particularly when he or she works alone or in a small team. Sometimes it’s hard to find the time to take a step back and review current business performance and consider the factors that will determine future business performance.
But just like doctors perform checkups on patients to monitor their health, entrepreneurs need to learn to take the time to read their company’s vital signs through a business health check – revenue, profitability and cash flow – to make sure it gets a clean bill of health and to improve the chances of preventing future problems.