Business Issues Survey – Final Results

Business Issues Survey – Final Results

This time last year, we posted a survey asking you what business issues were causing you to lose the most sleep: 1) lack of training, 2) turnover, 3) cash flow, 4) managing growth, or 5) losses or declining profits.  We tallied the results as of June 2014 and posted them on our blog. We also re-opened the survey to see if anything had changed, or if the same issues were still causing insomnia.  The results of both surveys are summarized in the graph below.

Business Issues Survey Results

business issuesWhat’s really interesting to note is that while cash flow and declining profitability were among the most troublesome issues in the first survey, those issues took a backseat to personnel issues such as lack of training and high turnover in the second survey.  It would appear that as companies became more profitable and cash flow improved, employees became more optimistic and began to look for other opportunities leaving a talent void in their wake.

Unavoidable Business Issues

We included a “write-in” issue in the second survey whereby participants could list other issues that they were struggling with.  Once again, lack of talent and difficulty finding good people led the responses.
So what’s a company to do?
Business issues are unavoidable, but understanding how the resolution of one issue (lack of profitability) can give rise to another issue (turnover) is key to developing plans to mitigate these issues.
Download our three most powerful tools to take your business to the next level.
business issues
[box]Strategic CFO Lab Member Extra
Access your Strategic Pricing Model Execution Plan in SCFO Lab. The step-by-step plan to set your prices to maximize profits.
Click here to access your Execution Plan. Not a Lab Member?
Click here to learn more about SCFO Labs[/box]
business issues

ARTICLES YOU MIGHT LIKE

The Dreaded “F” Word

See Also: What is Factoring Receivables Accounting for Factored Receivables Journal Entries for Factored Receivables Can Factoring Be Better Than a Bank Loan? History of Factoring How Factoring Can Make or Save Money Factoring is Not for My Company The What, When, and Where About Factoring Working Capital Factoring: The Dreaded “F” Word The dreaded

Read More »

Strategy for Managing Cash

Does your company have a strategy for managing cash?  Many companies have established procedures for purchasing materials, collecting customer payments, and paying vendors. But often people either do not communicate these procedures or simply don’t follow them consistently. Even when everyone is aware of and follows the established protocol, your system may be flawed. Before we show an example, you need to know how to manage cash flow.  Know How to Manage

Read More »

Daily Cash Flow Forecast

See Also: Cash Flow Statement Steps to Track Money In and Out of a Company How to Create Cash Flow Projections Thirteen Week Cash Flow Report Daily Cash Flow Forecast Use the Daily Cash  Flow Report to report on the daily cash balance and to help manage cash on a weekly basis. This tool is especially useful

Read More »

JOIN OUR NEXT SERIES

Financial Leadership Workshop

MARCH 28TH-31ST 2022

THE ART OF THE CFO®

Financial Leadership Workshop

Days
Hours
Min

September 12-15th 2022

Days
Hours
Min
SHARE THIS ARTICLE

JOIN THE NEXT STRATEGIC CFO™ WORKSHOP SERIES

Strategic CFO™ Financial Leadership Workshop
The Art Of The CFO®

Days
Hours
Min

December 5-8th, 2022