Management Discipline

Many business owners have had successful careers in Corporate life. They are attracted to the freedom which comes from being in control of their own destiny. Sadly, too many take this to the extreme of ignoring all the good practice that they learnt in their Corporate past. They start to regard some of these disciplines as "only necessary for the Corporate Slaves".

The bad news:
Most Corporate review processes are part of the sensible disciplines of running a business.

The good news:
It is easy to create your own review process. All you need is a schedule of times when you review (and ACT upon) the information you should be gathering already in your business. The following list will get you started:

• Cash flow: Creditors; Debtors; Forecast;
• Sales: Forecast; Review plans;
• Marketing: Leads; Campaign effectiveness
• Price
• Operations: Delivery quality; On time; Customer feedback