Value Of A Business Assessment
Why is a Business Assessment Important?
The value of a business assessment is to understand the current state of a business operations with respect to the 4 operational value disciplines.
1. People and Culture
2. Finance & Accounting
3. Sales & Marketing
4. Process and SystemsThis is done through assessing detailed available information along with conducting interviews with management and key personnel. In addition, to the above linchpin disciplines, a SWOT (Strengths, Weakness, Opportunities and Threats) analysis is compiled, and a detailed report generated by a business.
Only once this is executed, will a business understand the risks and blind spots within their business to effectively prioritize and effectuate change.
Typically this process typically takes 8 -10 weeks for a small business depending on the availability of management, information, and complexity.
In our point of view, before you make changes to your business, always perform an business assessment to understand where you are at and what you need to focus on.
