Jim Casler
Jim Casler
North Coast Ag Advisors
Family Business Planning

231-218-7525

Know Your Numbers. 
Know Your Business.
  • Home
  • Financial Management
  • Succession Planning
  • Newsletter
  • About
    • Testimonials
    • In The News
  • Contact

A Single Horse Wins the Race Every Time

4/24/2015

0 Comments

 
If a horse is running a race by itself, it will win every time. Unfortunately, your business is anything but a single-horse race, and even a personal-best doesn’t necessarily lead to long-term sustainability.  In every industry, there are many other horses (i.e. competitors) and globalization will only increase your competition in future races.
“An organization’s ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage.”                                                       - Jack Welch
Knowing how your company ranks relative to others -- before the starting bell, halfway through the race and right before its conclusion – can empower you to better evaluate your company’s performance.  Armed with that detailed background information you can more readily adapt your strategy and tactics to improve business performance.

Many business owners see value in using peer group benchmarks both to understand the current situation and identify opportunities.  Industry comparisons are a valuable part of understanding and improving business performance as they can point out areas that you need to take a look at and see why you may be performing below the rest of the industry in any given area.

For a collection of other benchmarking articles, select the following link -- Benchmarking Articles

Know Your Numbers.  Know Your Business.




0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Categories

    All
    Agriculture
    Benchmarking
    Best Practices
    Business Planning
    Challenges
    Communication
    Conflict Resolution
    Core Values
    Delegation
    Dysfunction
    Education
    Family Business
    Family Farms
    Family Meetings
    FarmFutures.com
    Farm Management
    Farm Pictures
    Financial Management
    Generation Gap
    Goals
    Harvesting
    Humor
    Improvements
    Interviews
    Jim Casler
    Job Descriptions
    Leadership
    Lessons
    Long Term Planning
    Management Systems
    Management Transition
    Michigan
    Mission
    Newsletter
    North Coast Ag
    Operating Philosophies
    Operations Manual
    Outside Business
    Personal Accountability
    Pictures
    Podcasts
    Policy Creation
    Press
    Project
    Project Planning
    Quotes
    Responsibility
    Roles
    Standard Operating Procedures
    Strategic Planning
    Strategy
    Succession Planning
    Teamwork
    Testimonials
    Thanksgiving
    Thought Of The Day
    Transition Planning
    Traverse City
    Video
    Vineyards
    Vision
    Wine
    Winery Benchmark Programs


    Reader Feedback

    Archives

    June 2020
    August 2016
    July 2016
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014

    RSS Feed



    Author
    Picture
    Jim Casler
    Tweets by @JimCasler
Services
Family Business Planning
Financial Management
Succession Planning
Real Estate

Testimonials
Newsletter
About
Contact Jim

Know Your Numbers.
Know Your Business.
​


​Contact Jim
PO Box 2, Kaleva, MI 49645
231-218-7525
email
Copyright  2016 - 2020
Sitemap
Jim Casler - agriculture - family-business - family farm - financial management  - consultant  - advisor - succession, business and transition planning - real estate - Michigan