In this episode of the PTB podcast, our host and experienced business owner and entrepreneur, Dominic, shares an exercise that can help business owners identify blind spots in their companies. Blind spots are the areas of your business that you might not be aware of, but they can be hindering your business's growth and success.
Dominic knows the importance of taking time to think about your business and not running in all directions. He compares it to standing under the sun and spreading your energy everywhere instead of focusing it on a particular task.
The exercise involves a two-page document with 20 questions that focus on specific parts of the business, including vision and values, ideal customer, cash flow and financials, marketing strategy, 10-year, 3-year, and 1-year plans, process and people, meetings and communication, strategy and execution, and sales and marketing. By answering the questions and scoring yourself, you can identify the areas that need improvement and focus your energy on specific tasks to improve your business's overall performance.
If you're a business owner looking to take your company to the next level, this episode is a must-listen. It's time to Identify your business's blind spots and take corrective action to improve your company's growth and success.