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Here's the list without the full descriptions: Profit pitfalls, people problems, system snafu's, inventory issues, receivables riddles, legal logjams, accounting aggravations, business plan pains, and environmental enigmas.
If you were to assess your company against this list, how would you shape up? Every manager has a gut feel for these issues and has probably been through too many SWOT analyses in meetings.
But is there one area that falls clearly short of others? Two areas? What if you just focused on reducing the size or scale of the biggest negative that just surfaced through this process?
The article addresses a few tough questions: What needs to be done to be ready for one of those unexpected phone calls or letters? And how do you want your company to look when you show a prospective buyer around? In this current tough year, it's easy to put these types of questions on the back burner and say there are bigger issues or two few resources until the economy turns around.
But this is exactly the time to prioritize one or two small improvement steps between now and the end of the year that will yield the biggest improvement or remove the worst critical constraint. Whether or not people are knocking on the door, this is the time for getting the house in order.