What Needs Fixing?
When running a business, one often finds themself wondering what they should focus on at that moment. There is always a laundry list of tasks to be done to keep things going, in addition to actually doing the service or creating the thing that you sell. I want to share a concept from the book Fix This Next , by small business writer, Mike Michalowicz, which outlines the "Business Hierarchy of Needs." I've found this concept to be very helpful and I hope you do as well. The Business Hierarchy of Needs (BHN) functions like Maslow's Hierarchy of Needs by stating the essential elements needed for a business to run successfully. It establishes that a business must first have sales (the core focus), then profit (keeping your costs down and feeling the impact of those sales) and order (the ability to run efficiently and effectively so that you are not spinning your wheels). From there, a business can survive and has what it needs to make an impact and a legacy. Business Hi