This Forbes post came from somebody in insurance. So it is marketing when he suggests that every business is like a car, needing a multipoint inspection (“MPI”) of its risks–a corporate diagnostic.
But he’s right. Insurance is always more affordable than disaster. Car maintenance is always more affordable (and more convenient!) than repairs.
And, in nightmare scenarios, life-saving. I once worked with a car dealership that came up with a new process for taking MPIs seriously. As soon as they instituted the new process, a gentleman came in with brakes “metal on metal.” They warned him of the danger, but he did not want to buy new brakes. They had him sign off that they had told him about it.
On the way home, he changed his mind. He pulled in to the next dealership but couldn’t stop. He crashed through the garage door (thank God, nobody was hurt).
Where are the brakes out on your business? If you don’t know, a corporate diagnostic will help.
Three questions:
- Are you giving your business a corporate diagnostic?
- Do you trust your “mechanic” to give expert corporate diagnosis and recommend only what you need? (I have been incredibly happy with Joe Kuchinka at Proverus. I did not get paid to say that.)
- What else in your professional world needs a diagnostic? Hip Socket offers the free Professional Life Self-Assessment, as well as employee surveys like 360 analyses and engagement surveys. Many clients are working through a hit list of items getting in the way of their goals.
It’s cliche because it’s true: The end of an old year is a good time to take stock. Best wishes to you as you do so.