Measurements for Running a Small Business Successfully

Various stages of a successfully managed business may include, launch, early stage instabilities, turnaround, break even and growth, maturity and leveling off, and strategies to grow or to sell out. However, 50% of new businesses (2+ employees) statistically fail in the first 5 years. This discussion is about how a business owner monitors the strength of the business with KPIs (Key Performance Indicators) to build, sustain and grow the business.

a) Initial Discussion: Strategic thinking, SWOT analysis, Porters 5 forces of market

b) Core Discussion: KPIs for people, process, product; business finance, operations planning, KPIs for Customer/Supplier relationship; KPIs for Sales/Marketing

c) Final Discussion: Managing change; Eisenhour Box; Key Takeaways

Presenter: Masoom Ahmed is an Engineer from Illinois Institute of Technology in Chicago, and an alumnus of Chicago Booth School of Management. Masoom’s corporate career (Abbott Laboratories), progressed through Engineering Management, Project Management, Manufacturing & Supply Chain Management, Licensing & New Business Development, and Post M&A asset management. Currently, Masoom is an independent consultant (Principal, MAC Group LLC), focusing on business & operational due diligence, and strategic plan prep for small businesses.

Registration fee $50.00

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