How to diagnose business failure is episode 51 of I Hate Numbers podcast. The podcast is part of a wider mission. It’s to help your business improve your money mindset, get closer to your numbers, make profit, survive, and thrive.
Firstly, in last week’s episode we looked at one way of looking at business failure. Secondly, the words poor and leadership were common factors.
Why diagnosing business failure is important
Running your own business is risky. Above all spotting and assessing business failure gives us insight, strength and purpose. Certainly you get to understand your own strengths and weaknesses, and those of others.
We can use this approach looking at our own business, as well as other peoples.
Listen to find out more.
How to develop a business framework
Numbers are not everything. Your numbers help paint a story but can’t paint your complete story. We dive into performance management and look at the Argenti framework.
The Argenti approach looks at
- Defects leading to
- Mistakes leading to
- Symptoms of Failure
Defects are about management weaknesses and accounting deficiencies. Your mistakes are typically
- Over trading
- Gearing
- Big projects
Listen to find out more
Most importantly, How to diagnose Business Failure helps you figure out your solution.
In this episode we see that growing is not always good. As a bonus check our free online break even calculator.
If you have topics you want explored in future episodes, then let me know.
To sum up, the show is there to help you improve your money mindset, make money, survive, and thrive. Get in touch with us to see how we can help you with your accounting and business needs. Subscribe so you do not miss an episode of I Hate Numbers. For more business and finance, news, advice and tips
Listen to find out more
In This Episode
- Appreciating that diagnosing Business Failure helps you fix it
- Being aware of the practical application of the Argenti framework
- Understanding what mistakes, defects and symptoms of failure are
- Seeing that growth isn’t always positive
- Developing your own Numbers confidence and decisions
- Take more control of your numbers to help make you money, survive and thrive
Links
https://podcasts.apple.com/podcast/proactiveresolutionss-podcast/id1500471288
https://play.google.com/music/m/I3pvpztpjvjw6yrw2kctmtyckam?t=I_Hate_Numbers
https://open.spotify.com/show/5lKjqgbYaxnIAoTeK0zins
https://www.stitcher.com/podcast/proactiveresolutionss-podcast
https://tunein.com/podcasts/Business–Economics-Podcasts/I-Hate-Numbers-p1298505/