If you own a business, you know what it's like to have that nagging feeling sometimes that something just isn't working in your business. It's usually not cause for alarm, but it should be a gentle prod that some kind of action needs to be taken. Unfortunately, it's all too easy to become paralyzed by indecision and fear of change.
Probably the worst thing to do when you start to feel that something is off is to do nothing. Don't confuse that with taking a bit of time to sort your thoughts out, but be careful not to wait too long. Whether the issue is an employee that is just not performing up to standards, a product line that is lagging in sales or low returns on advertising and marketing investments, taking swift action is key. Part of being a great business owner is listening to your gut when it's trying to tell you that something isn't right. Inaction can end up costing you far more money, time and negative feelings the longer you let an issue get away.
Sarah E. Holmes is a Philadelphia business attorney and strategist that helps start ups and established businesses looking to expand, protect their assets and increase their profits in an approachable, down-to-earth way.