Is Your Business Dedicated to the Fundamentals of Profit?

Athletes and teams are always looking to get better. And a very common strategy and mindset to improving is to ‘work harder – work longer’. Remember, no pain no gain. The brutal truth however, is that despite all the hard work many athletes and teams’ results get worse!

Let that set in.

Year after year many of the same athletes and the same teams are consistently outperforming the competition. The reason? Fundamentals.

Underperforming athletes and teams are not dedicated to the fundamentals and they likely fail to fully understand the critical connection between executing the basics and excellent results.

Contrast this to the top performing athletes. They all have complete clarity on what they are trying to improve and written training plans to keep them laser focused. In baseball it’s hitting, catching, throwing – in golf it’s grip, set-up, posture. Each sport has its own unique foundations for success.

The same applies to businesses. The very best strategy for increasing profit is to improve the performance of the following fundamentals;

• Leadership systems.
• Management.
• Culture.
• Selling Practices.
• Reporting practices.
• Innovations.

Many businesses focus on one, two or possibly three of these. However, if a business truly wants to be a top performer it needs all six to be performing at a high level. Stated another way, if your business is not performing each of these at a high level, you are most likely leaving profit on the table – quite possibly a lot of it.

If a business wants to improve its results it needs to start with a dedication to the fundamentals. It then requires written plans to improve the performance of each.

“The minute you get away from fundamentals – whether its proper technique, work ethic or mental preparation – the bottom can fall out of your game, your schoolwork, your job, whatever you’re doing.”
- Michael Jordan

“Success is neither magical nor mysterious. Success is the natural consequence of consistently applying the basic fundamentals.”

- Jim Rohn