7 Elements of Business Management
Your business is a living, breathing being. You cannot live on water alone, and your business cannot thrive on a great product alone. The key to a long life is to balance your well-being. The key to a successful business is to balance all 7 elements of your business.
We strive to help owners achieve success in these terms:
1. The company breathes its purpose.
2. The business creates optimal income.
3. The company lives as long the owner wants.
The framework and inner workings of the Consilio 7 Elements of Business Management are meant to help you navigate the complex and multi-faceted –and overwhelming—life of a business owner. The key is to remember that all 7 elements are equally important and require your time and your money.
Consilio 7 Elements of Business Management
Each element requires resources of time and money or your firm will struggle to survive and grow. Our approach encourages balanced growth of all seven elements:
PURPOSE
Traditional Definition: Vision, values, culture.
Translation: Consistent answer to "Why?" (ie. “Why did I start this firm?”).
PRODUCT
Traditional: Converting potential clients and fulfilling promises.
Translation: Your ideas shared and executed-with heavy emphasis on executed!
MONEY
Traditional: Processing, tracking, and reporting funds.
Translation: Your business food and water; over/under feeding does not promote health.
MARKETING
Traditional: Identifying and approaching prospects to build awareness of services.
Translation: The right people want to ride in your business boat.
TEAM
Traditional: Recruiting, training, and evaluating staff.
Translation: Who’s managing your boat?
TOOLS
Traditional: Finding, implementing and supporting equipment, assets and technology.
Translation: Efficiency boosters.
GROWTH
Traditional: Strategic growth and planning to promote longevity.
Translation: Periods of jerks, bumps, splashes, and steep drops interspersed with periods of cool flowing water, and living to tell about it.
A word about planning:
Your business has a much improved chance for survival when you proactively plan how you will use your time and money, especially when you account for all 7 elements. Take control of your purpose, income, and business longevity by planning your next moves with a plan.
Let us help you—contact us today.
Your business has a much improved chance for survival when you proactively plan how you will use your time and money, especially when you account for all 7 elements. Take control of your purpose, income, and business longevity by planning your next moves with a plan.
Let us help you—contact us today.