What business barriers do you experience? Here's what others find.

What is it that really holds your business back?

We've been running a survey into what holds companies back from performing as well as they would like so I thought you might like to know what other people like ourselves struggle with and what areas they feel they have more under control

We've now got over 100 responses to this so it's worth sharing the headlines with you.
We've taken a balanced scorecard approach to this so in effect we've asked a headline Question around the major subject areas and then drilled down into each one.

Here are the headline findings. People were asked about how well they handled a range of issues. The scores they were asked to use were

1. I really struggle with this
2. It really needs improving
3. It's ok but needs some work
4. I'm really on top of this

As you can see they all scored between 2 and 3 - the lower the score the worse the performance



In summary they feel most comfortable about their ability to cope with Vision and staff motivation issues and least optimistic about their ability to manage their cash and to acquire and retain new customers (selling to you and me)

If you would like some more details of the findings by each balanced scorecard area, then please request a download of the headline findings via this link.

Hope you find it useful

Alan

btw - what's your biggest barrier to getting the growth you want in your business


Copyright Alan Rae - 2012

Business Research and Development // Social Media for Real Businesses
Organic Vegetables On-Line // Gardening Tools and Tips on-line

Gareth Kane

garethkane-119606

What business barriers do you experience? Here's what others fin

Interesting stuff, Alan. Stream of well qualified enquiries and loyal customer base come out as the biggest challenges. It surprises me how little effort many people in solo professional services put into this. After all, no marketing -> no customers -> no business.

1 comments

Robert Craven

robert-craven-22343

What business barriers do you experience? Here's what others fin

Alan look at http://img.constantcontact.com/docs/pdf/Small_Business_Pulse_Preliminary_Results.pdf which supports your survey RC

1 comments

Sunita Biddu

sunitabiddu-704594

What business barriers do you experience? Here's what others fin

As I tried to figure out, I found the data echoing. Loyal and efficient staff and cost effective delivery system topping the hurdles' list. I am sharing these challenges and trying to sort them with minimal but potential staff. The root of this issue is hiring process so I am trying to fix that. Once this is sorted, I am sure it's going to positively influence the delivery system too.

1 comments

Helen Winder

helenwinder

What business barriers do you experience? Here's what others fin

Hi Alan, Great blog - Thank you for sharing. The results are pretty much what I would have expected. It's a little difficult for me to comment at the moment as I am just coming to the end of bankruptcy but when my last business was running the main thing was the right funding. We were growing at an unbelievable rate and pulling in the right funding at the right speed was an interesting task. Helen

1 comments

Robert Craven

robert-craven-22343

What business barriers to you experience? Here's what others fin

Alan Thanks for sharing this. I have requested the download. These results appear to fit in with what one would expect. They appear to confirm the work we have done at The Directors' Centre where we ran a similar survey with several thousand small businesses. You have prompted me to consider 'publishing' that survey as it would support your findings. How will you be adding value to your findings? RC

1 comments