Partner Spotlight – Dyer Consulting Group
Is Your Business Prepared for the Recovery?
7 Strategies to Ensure Future Success
We recently sat down with Aaron Dyer, president of Dyer Consulting Group, to learn about how he’s working with businesses to manage through the recessionary period and prepare for the opportunities that lie ahead.
We were very impressed with his knowledge and his passion. A true entrepreneur, on a mission to help other entrepreneurs. Our kind of guy.
He specializes in working with entrepreneurs and small businesses to help them develop more targeted and effective Strategic and Financial Plans. These plans help Dyer Consulting Group’s clients make better decisions, reduce their expenses, and boost their bottom line.
In these uncertain times, it can be challenging for entrepreneurs to know how to spend their time, how to assign human resources, and how to allocate their budget to go after the right opportunities, in the right order, and with the right level of aggressiveness.
Dyer Consulting Group works with businesses to identify opportunities and challenges, and in doing so, make better decisions.
Aaron recently wrote an article that we feel could be helpful to our clients and blog readers. Here are some excerpts.
Is Your Business Prepared for the Recovery? 7 Strategies to Ensure Future Success
When will this “great recession”, and the constant talk of it, end? Recovery may or may not be quick in getting here. But it will be coming. What I want to focus on is what businesses can do to position themselves for when things turn around. Many of us have been plodding along doing what we can in this “doing more with less” era. So, what can we do to prepare and position ourselves for this coming recovery? Here are 7 critical areas that you need to focus on.
Starting with:
Create a Strategic Plan
What is the point of surviving this recession if you’ve learned nothing from going through it? The new world will be different. Reflect on what has changed, both inside your organization and within your marketplace, and create a new vision based on what is now on the horizon. Strategic plans are key to managing the various aspects of a business because they help you focus on the factors which will drive success. It is also important to communicate this vision and work towards aligning your employees, so everyone is moving in the same direction. If you’re working on planning for the better times ahead, you’ll not only have a better chance at surviving the current storm, you’ll be ready to ride the next wave.
Aaron has a background in banking and finance, and he clearly brings a high level of competence to the table on matters of small business financial management. His next “critical area:”
Get Your Financial House in Order
You’ve got to create a firm foundation for growth if you want to participate in the upturn. To get your small business ready to take advantages of opportunities in the marketplace, you must understand the financial ebb and flow of your company. Understanding the patterns of cash flow in and out of your business is a larger part of success than many entrepreneurs realize. You should be tracing and managing this continually. Doing detailed financial projections, including cash flow budgets, will allow you to better anticipate the road ahead. You must also have at your disposal quality monthly (at a minimum) financial statements so that you can see trends in your business and plan accordingly. If you can measure it, then you can manage it!
The other 5 critical areas that Aaron highlights:
- Get the Right People on Your Team
- Look to Your Customers
- Look to Your Competitors’ Customers
- Leverage Technology
- Invest In the Right Areas
He closes the article with commentary on what is possible in the growth period ahead.
The recession crept up on us and we were unprepared. The recovery may be slow, but it will happen. This time there will be no excuse for being unprepared. If you keep doing what you have always done, you will continue to get what you have been getting. Change is inevitable. Don’t let it just happen — be the one who drives it.
Check out the entire article:
Is Your Business Prepared for the Recovery? 7 Strategies to Ensure Future Success
