Business Survival Strategies During A Crisis — Part 4
Managing a business in crisis takes some doing, but it can be a relatively smooth ride if the basic fundamentals are in place. In this series, we will today cover the 4th fundamental - Execution. Once the three fundamentals of Business Survival Strategies , cash flow, and Team are in place, it is time to focus on Execution. What comes to mind when you think Execution? Time or paucity of time? Time to Reflect. Think are you a Businessperson or are you a busy person? Most often, as entrepreneurs, we let everyday business matters cloud our vision. We get engaged in running the business from dawn to dusk, desperately trying to fit an additional hour of productive work that we often lose perspective. A situation such as this calls for adopting and implementing an effective system. Systems, well-executed will unshackle you from the mundane and gain a better perspective. Let's now run a checklist to see if your systems are in place. Are the key result areas (KRA's) d