Introduction to the Healthy Business Series: Is Your Business Healthy?

How do you know if your business is healthy? Is it enough to generate adequate earnings, or are their additional measures that can help a business owner improve the performance of their firm and outstrip competitors?

This is the first in a series of blogs on performance benchmarking and the use of Key Performance Indicators (KPIs) to improve competitive performance.

The “Is Your Business Healthy” series outline includes:

  • Introduction
  • What is a KPI?Super Fruit Man
  • Which KPIs are best for you/?
  • Can KPIs be automated?
  • What are the main types of financial ratios?
  • What do healthy businesses look like to clients and vendors?
  • What is performance benchmarking?
  • How does performance benchmarking give my firm a competitive edge?
  • Business Health Assessment: combining quantitative and qualitative analysis
  • What are some benefits of an annual Business Health Assessment?
  • How can the results of a Business Health Assessment be used?
  • Business Health Assessment: Summary and next steps

I will try to provide one blog per week for the next few months. Let me know which blogs are the most helpful to you!

Peter Busacca, MBA

Washington BBI

About: Since 2001 Washington BBI has helped owners of small and mid-sized firms in Western Washington to build benchmark performance, create sustainable profits, exit plan, and buy or sell firms.

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