Why Evaluate Your Business? (+ WHAT to Look At)

Why Evaluate Your Business? (+ WHAT to Look At)

A business evaluation can provide you with valuable insight as to how your business is making money and how you’re spending it. Taking a closer look at your finances can reveal things you never knew about your company’s finances, and where you need to plug potential holes in your expenses.

Here are 5 things you should evaluate when performing your business evaluation.

Business Evaluation Component #1: Employee Performance

Labor is probably the biggest expense for your business, and if your employees aren’t measuring up to certain standards, you’re throwing away your money. As business owners, we set standards to ensure that we’re paying employees fair wages, based on what they can do and how well they perform in their areas of expertise. If employees aren’t measuring up, it’s time to take a look at how this really impacts your finances.

Let’s say you’re paying someone $50,000 per year for a high-level job that requires a lot of work. This employee has continuously failed to meet goals throughout the year, causing other employees to have to pick up the slack and help do their job. Not only is this detrimental to the cost of keeping this employee on the payroll, but it can cause serious frustration and extra work for other employees.

If someone on the payroll isn’t measuring up, perform a review twice a year and give them goals to reach. If they continuously fail to meet those goals, it may be time to consider seeking out a new person to fill that position.

Additionally, because blogging can help your business thrive, you should be sure to hire bloggers who can create compelling content for you on a regular basis. This will help boost your brand’s visibility online as well as help you rank in the search engines. Read More

Some Resources for You (#10)

Wording Well's business card image
I’m too lazy too busy editing to put a lot of time into blogging these days.

But you are still on my mind… and that is why I have compiled this list of resources for you. 🙂

I am doing this from time to time. I’ve already published:

Some Resources for You (#1)

– Some Resources for You (#2)

– Some Resources for You (#3)

Some Resources for You (#4)

Some Resources for You (#5)

Some Resources for You (#6)

Some Resources for You (#7)

Some Resources for You (#8)

Some Resources for You (#9)

Resources for Bloggers

How to Write Catchy Headlines and Blog Titles Your Readers Can’t Resist

Resources for Freelancers

Top 25 Free Online Courses for Freelancers

Resources for Authors

All New 2019 Book Publicity & Marketing Toolkit!

Resources for Writers of all Kinds!

17 Sizzling Tips to Becoming a Hot Writer

Resources for Business Owners (Solopreneurs and Entrepreneurs)

How To Create A Sales Page For Your First Online Course Or Product

Additional Resources (for Success)

Focus as an Antidote for Wanting to Do Everything

FREE STUFF

All of these resources are fantastic!

Plus… as my way of thanking you for being a reader of Wording Well, I want to give you some free stuff. Find my freebies on my Resource Kit page!

Plus, there are many more (and I mean MANY MORE)  Resources for Writers, Authors, and Freelancers) here as well!

Enjoy… and let me know what you want MORE of… in the comments!

Some Resources for You (#9)

Wording Well's business card image
I’m too lazy too busy editing to put a lot of time into blogging these days.

But you are still on my mind… and that is why I have compiled this list of resources for you. 🙂

I am doing this from time to time. I’ve already published:

Some Resources for You (#1)

– Some Resources for You (#2)

– Some Resources for You (#3)

Some Resources for You (#4)

Some Resources for You (#5)

Some Resources for You (#6)

Some Resources for You (#7)

Some Resources for You (#8)

Resources for Bloggers

How To Write Click-Worthy Email Subject Lines (Tips, Tools, And Templates)

Resources for Freelancers

Freelance Writing Jobs: 300+ Websites That Pay

Resources for Authors

How Authors Can Sell More Books

Resources for Writers of all Kinds!

13 Common, Clunky Sentence Structures That Weaken Your Writing

Resources for Business Owners (Solopreneurs and Entrepreneurs)

How To Ditch Your 9-5 Grind And Join The Ranks Of Solopreneurs

Additional Resources (for Success)

10 Tools To Make Every Day More Productive

FREE STUFF

All of these resources are fantastic!

Plus… as my way of thanking you for being a reader of Wording Well, I want to give you some free stuff. Find my freebies on my Resource Kit page!

Plus, there are many more (and I mean MANY MORE)  Resources for Writers, Authors, and Freelancers) here as well!

Enjoy… and let me know what you want MORE of… in the comments!

Some Resources for You (#8)

Wording Well's business card image
I’m too lazy too busy editing to put a lot of time into blogging these days.

But you are still on my mind… and that is why I have compiled this list of resources for you. 🙂

I am doing this from time to time. I’ve already published:

Some Resources for You (#1)

– Some Resources for You (#2)

– Some Resources for You (#3)

Some Resources for You (#4)

Some Resources for You (#5)

Some Resources for You (#6)

Some Resources for You (#7)

Resources for Bloggers

A Quick Guide To Crafting Guest Post Pitches That Convert

Resources for Freelancers

How To Save Money As A Freelancer

Resources for Authors

28 Resources, Tools, and Tips for Self-Publishing Your Next Book

Resources for Writers of all Kinds!

4 Ways to Create (And Maintain) a Writing Habit

Resources for Business Owners (Solopreneurs and Entrepreneurs)

3 Ways To Find Talented Freelance Bloggers For Your Business

Additional Resources (for Success)

Instant Flow: How to Train Yourself to Think Creatively

FREE STUFF

All of these resources are fantastic!

Plus… as my way of thanking you for being a reader of Wording Well, I want to give you some free stuff. Find my freebies on my Resource Kit page!

Plus, there are many more (and I mean MANY MORE)  Resources for Writers, Authors, and Freelancers) here as well!

Enjoy… and let me know what you want MORE of… in the comments!

Some Resources for You (#7)

Wording Well's business card image
I’m too lazy too busy editing to put a lot of time into blogging these days.

But you are still on my mind… and that is why I have compiled this list of resources for you. 🙂

I am doing this from time to time. I’ve already published:

Some Resources for You (#1)

– Some Resources for You (#2)

– Some Resources for You (#3)

Some Resources for You (#4)

Some Resources for You (#5)

Some Resources for You (#6)

For Bloggers

How to Write a Blog Post People Actually Want to Read

For Freelancers

How To Budget Your Cash Flow As A Freelancer

For Authors and Writers

Celebrating Your Accomplishments as a Writer and an Author

For Business Owners (Solopreneurs and Entrepreneurs)

4 Key Challenges All Solopreneurs Face And How To Overcome Them

Additional Resources (for Success)

How To Stay Motivated Even When Things Aren’t Going Your Way

FREE STUFF

All of these resources are fantastic!

Plus… as my way of thanking you for being a reader of Wording Well, I want to give you some free stuff. Find my freebies on my Resource Kit page!

Plus, there are many more (and I mean MANY MORE)  Resources for Writers, Authors, and Freelancers) here as well!

Enjoy, and let me know what you want MORE of… in the comments!