Dive summary:
- The mid-point of the year – June 30, not the summer solstice – is a good time to take a look at your businesses's financials to check where you are on the track you planned and whether any decision-making or course corrections are needed.
- Find out now if balance sheets are out of whack for any reason and fix the problems right away if they are, and see if all your efforts are paying off the way they are supposed to or if people and other resources ought to be reallocated.
- Part of the review process should be checking your credit score, making sure it reflects the way things really are and getting it corrected if you believe there are mistakes in your file.
From the article:
Figure out what is working and what isn’t. You can reduce or eliminate spending for any sectors or markets that your business is not doing so well in. ...
