5 Principles of a Healthy Business
When most business owners think about the major components determining the success of their business, they often first refer to their current work load and how much cash is in the bank. What may get forgotten or overlooked are the fundamentals at the root of each of these major components. At Equify, we have identified 5 basic principles that directly impact the overall success of your business, starting at the roots.
Equify works closely with business owners in an effort to first understand the details of their business; how they operate, what they do and what they may like to change. After all, we wouldn’t expect to offer you a solution to a problem and know nothing about your business. At Equify, we have created a tool that helps with the first step into identifying the areas of your business that may be holding you back and also highlights the areas we can further develop where you are thriving. We call this tool the Healthy Business Checklist.
The Healthy Business Checklist is compiled of questions coming directly from our experiences making companies stronger. Throughout the last few years, we began to notice a pattern for the reasons our customers were coming to us in the first place. We dug deep into that pattern to help diagnose and prevent the practices of an unhealthy business. We think these areas might surprise you.
Principle 1, Finances. No business can function without cash, so we developed our asset based lending services to help businesses use the money hidden in their equity for loans.
Principle 2, Insurance. No business is allowed to operate without insurance, so we developed our insurance services to help review risks and customize a policy to fit unique business needs.
Principle 3, Equipment. Equipment based industries depend on the life cycle of equipment, so we developed our auction programs to meet the various buying and selling options for equipment needs.
Principle 4, Assets. No matter the business, there are assets involved, some just happen to have more than others, so we developed our appraisal services in order to provide certified appraisals for all business valuation needs.
Principle 5, Land. Construction projects start with land, after all you've got to build somewhere, so we founded our commercial real estate lending services to meet the various financial needs for any phase of a construction project.
THE FIVE BASIC PRINCIPLES
YOUR ONE TRUSTED ADVISOR
Improving these 5 basic principles of your company will dramatically increase its overall health. At Equify, we want you to know, we are here for the long haul. As with any health assessment and plan, it takes time. Of course, there are immediate solutions available, but the real success comes from the overall and long term well-being of you and your business. That’s what we want for you, a long, healthy and happy life to live. If you’ve checked a single box on the Healthy Business Checklist, call us today so we can walk you through your options. Remember, just one box checked and you could be on your way to improved cash flow, a strengthened bottom line and peace of mind.