Characteristics of a Well Run Business
Have you had clients asking about the characteristics of a well run business? In one paper in ESS BIZTOOLS, we have tried to summarise the key characteristics that a small/medium enterprise operator should abide by if they wish to run a successful business.
The key characteristics listed are:
- Characteristic One - Personal Capacity and Development
- Characteristic Two - Excellent Customer Knowledge & Service
- Characteristic Three - Excellent Product/Industry Knowledge
- Characteristic Four - Excellent Systems
- Characteristic Five - Excellent Analysis of Results
- Characteristic Six - Excellent Cash Control
- Characteristic Seven - Excellent Stock Management
- Characteristic Eight - Excellent Work in Progress Control
- Characteristic Nine - Excellent Debtor Control
- Characteristic Ten - Excellent Cost Control
- Characteristic Eleven - Excellent Staff Management, Motivation and Communication
- Characteristic Twelve - Excellent Marketing Expertise/The Ability to Assess Market Place Opportunities
- Characteristic Thirteen - Ability to Change with Market Conditions/Prices Review
- Characteristic Fourteen - Excellent Assessment of Competitors
- Characteristic Fifteen - Capital Base
- Characteristic Sixteen - Use of Professional Advisors: Accountant - Banker - Solicitor
- Characteristic Seventeen - Networking
- Characteristic Eighteen - Excellent Planning
- Characteristic Nineteen - Excellent Quality Control
- Characteristic Twenty - Excellent Management/Administration
The paper (Paper 06.080 - Characteristics Of A Well Run Business) is attached for your convenience. Handing this paper to clients can be a great way of generating discussion leading to the supply of "business of business" services for clients so that they can develop outstanding businesses.
We would recommend that you distribute this email to all members of your business services team so that they are familiar with the benefits of ESS BIZTOOLS.
Kind Regards
Peter Towers FCPA FAICD MIMC
MANAGING DIRECTOR