How To Stop Your Business' Bleeding

When I read the story of a woman who survived a usually fatal headshot thanks to a bandage that applies 30lbs of pressure to the wound instantly I realized businesses operate similarly.

Because companies that are burning cash easily get out of hand, how do you stop your business from bleeding to death?

Apply pressure to it.

1. What is the most haemorrhaging part of your business?
2. Why have you allowed the bleeding to continue like this even though it's draining the business?
3. Who in your team is strategic enough to see what cash drains need to be cut without getting emotionally attached?
4. When do you need to implement a decision veto point in your business to prevent big bleeds from starting in the first place?
5. How will you put a number to the acceptable level of bleed to ensure you can grow without killing your business?

If you are spending more than your cash flow, ping me to talk about sustainable growth.