5 Telltale Signs Your Business Can't Stand on Its Own (And How to Fix It)
- Ark Point Consulting
- May 22
- 3 min read
As a business owner, it's natural to feel deeply invested in your company. However, if your business relies too heavily on you, it can be a sign of underlying issues that need attention. Here are 5 telltale signs that your business can't stand on its own, along with practical advice on how to address these challenges.
First: You're the Only Decision-Maker
If every decision, big or small, requires your approval, it's a clear sign that your business lacks a robust decision-making framework. This not only slows down operations but also limits your ability to scale.
Solution: Empower your team with clarity and confidence. Develop clear policies, processes and procedures that enable your team to make informed decisions without needing your constant input.
At Ark Point, we help build the structure and systems that support smooth, independent operations so your business runs efficiently and successfully while giving you peace of mind that everything is on track.
Second: Projects Are Delayed Due to Financial Constraints
Delays due to financial constraints rather than supply issues indicate that your business may not have a solid financial foundation. This can lead to missed opportunities and a negative impact on growth.
Solution: Our team at Ark Point Consulting specialises in reviewing and improving financial processes to ensure they are efficient and compliant. We help you develop robust financial controls and systems that support sustainable growth.
Third: You're the Only Signing Authority
Being the sole signing authority can halt operations when you're unavailable. This dependency not only affects day-to-day operations but also limits your business's ability to adapt quickly to changing circumstances.
Solution: Establish clear financial policies, processes and procedures, such as delegating financial authority. This helps empower key team members and ensures that your business can function smoothly even when you're not present. This needs to be complemented by robust internal controls such as regular review and reconciliation of transactions.
Fourth: Your Business Isn't Growing
If your business has plateaued, it might be because you've reached your personal capacity. Without systems in place to support growth, your business will struggle to expand beyond your personal capability and capacity and could potentially break down.
Solution: Work on tasks that will help grow the business and delegate the rest. At Ark Point, we help you set up and implement scalableprocesses that support stability and sustainable growth. We help in streamlining your operations, develop a financial information system framework and internal controls so that your business not only grows – it also gets strong.
Fifth: You Haven't Taken a Real Vacation in Years!
If you can't step away from your business without it grinding to a halt, it's a sign that your business lacks the systems and structures needed to operate independently.
Solution: Robust systems and processes are critical for long term success. Our expert team helps you develop structures, supporting processes and well-documented procedures that ensure your business can thrive even when you're not there. This not only improves your work-life balance but also increases your business' value and and sense of stability.
How Ark Point Can Help
At Ark Point, we understand the challenges of building a business that can stand on its own. Our team specialises in helping SMEs like yours grow through robust systems and processes. Whether you need to streamline operations, improve risk management processes, or simply free up more time so you can focus on strategic growth, we're here to guide you.
Take the First Step Toward a Sustainable Business
Book a free, no-obligation consultation today and discover how our expert guidance can transform your business into one that thrives. Let’s work together to build a strong foundation for the long-term success of your business
Phone: +64 22 657 0937
Website: www.arkpointconsulting.co.nznz
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