10 Business Performance Laws

#10    It’s about Growth QUALITY. Not growth. Use Return on Capital Employed (ROCE) as your measure not just profit. 

It’s a little more complicated but in essence. Growth management is the delicate balance between infrastructure investment and time to return especially the investment in you intangible assets

 #9     Know the difference between good and bad DEBT.

Some call it the leverage factor. Debt can be real cheap or real expensive. You need to understand how to know the difference.

 #8     Know your company’s MAGIC NUMBERS, it’s vital signs –

Your 1-page scorecard gives you’re an immediate look at your current and future scenarios!

 #7     SEGMENT – know where you are making money and cash.

Profit or cost centers must show both income statement and balance sheet performance. NOT ONLY INCOME STATEMENT RESULTS.

 #6     BREAK IT before it’s broken!

What has previously made you successful will not always be the winning formula for the future.

 #5     Surround yourself with PEOPLE better than you.

The great AH Ha is when you hear your people say “I did it”

#4      COMMUNICATE the vision.

Have a clearly defined goal and implement like hell!

 #3     Be a LEARNING ORGANIZATION.

LEARN from learning.

 #2     Make GOOD DECISIONS.

Better still, make the decision.

#1      FOCUS on focusing.

Its not 200 things its most probably 1 to 3 things know what they are and know how to focus on them.