Frequently
Asked Questions
>What
do Four and Seven stand for?
>What
happens after I've built my BusinessCompass?
>How sure can I be of achieving
improvements with the System?
>What
types of business would benefit from the System?
>How do I decide whether the System will work for me?
>How
do I get System Four-Seven™ if my bank or chamber is not your strategic
partner?
>Who
delivers BusinessFinance™ service?
What
do Four and Seven stand for?
Top
Four
represents four dimensions of business that every owner has to keep in mind
during the decision-making process. If
the decision is likely to negatively affect one or more of the business
dimensions, business owner will benefit by re-examining the decision.
Seven
is for seven areas of management that have to be handled well if the business is
to thrive. While sales or revenue
generation is important, you must manage "whole company" and not only
the areas of owner's expertise.
What
happens after I've built my BusinessCompass?
Top
You
have a choice. You could use the
Management Toolkit™ to implement the plan of action on your own.
Alternatively, we will enter into a contract to provide practical
management support for a year.
How
sure can I be of achieving improvements with the System?
Top
If
you follow the guidelines, you should see an improvement of up to 20 percent, or
even more, within a year. We will
even incorporate a contingency clause in our contract to assure you of
improvements.
What
types of business would benefit from the System?
Top
Practically
every business where the owner has day to day management responsibilities would
benefit. We have found that even the
best run businesses have lots of room for improvement.
That can happen only if the owner is prepared to adopt proven management
practices.
How
do I decide whether the System will work for me?
Top
Do
three things. First, calculate the
amount of money you've invested to strengthen your management competence in
relation to investment in buildings, machinery and equipment, and inventories.
Second,
talk to your banker and your accountant. Seek
their advice as to whether you need to become a more competent manager.
Third,
determine if your business is generating enough revenues to meet your personal
financial goals.
How
do I get System Four-Seven™ if my bank or chamber is not your strategic
partner?
Top
Ask
your banker or chamber president to contact us to establish a strategic
alliance. Alternatively, e-mail us
directly at info@businessownersww.com
to find out who is offering the System in your area.
Who
delivers BusinessFinance™ service?
Top
After
your initial contact, one of our representatives will personally get in touch
with you to process your application. If
you need, will provide additional assistance to prepare your loan application
package.