In the past few weeks, the nation has been in the grip of a financial crisis that has shaken once mighty Wall Street institutions to the core, while Americans on Main Street nervously bite their nails.

“People are waking up from a gigantic hangover, trying to figure out what’s next,” John Schloegel, vice president of investment strategies for Austin-based Capital Cities Asset Management, told Reuters recently.

Frankly, the entire year has been one giant hangover for many Americans who have watched food and fuel prices elevate and their 401k’s and home values deflate. They’ve been whipsawed by fear that achieving affluence and a better world for their children has been derailed. According to the Economic Policy Institute (EPI), a Washington, D.C. think tank, the current financial stall marked the first time since World War II that the typical family was worse off at the end of an economic expansion than at the start.

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Have you ever been lost or unsure of which direction to take? In today's technologically savvy world, we are less likely to find ourselves in this situation. We have cellular phones on which we can call and ask for directions or log on to the Internet and look up our destination on a map. Many vehicles are now equipped with a Global Positioning System (GPS) that takes the guesswork out of finding our destination. We simply enter the address of the place we want to go and follow the verbal prompts of the computer. If we fail to obey the prompts, the system will announce "recalculating" and begin to give us new directions. The only way it could get any easier is if the GPS would drive the vehicle for us.

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As of September 3, 2008, the average gasoline price in the United States was $3.69 (www.zfacts.com). Although the average gasoline price has dropped more than ten cents compared to the previous month, Americans are still feeling the strain at the pump. A recent political research study by the National Business Research Institute, Inc. (“NBRI”) shows that attitudes toward gasoline prices vary significantly by demographic group, such as Age, Gender, Annual Income, Level of Education, Marital Status, Political Party, Voter Registration Status, and State of Residence.

Most of us do not take our temperature on a regular basis and in fact, some people never take their temperature. Why would we? We just assume that if we are feeling fine that our temperature must be within the normal range. Although we may not feel the need to monitor our temperature, it is one of the first measurements taken during a visit to the doctor. Why? Because an abnormal reading is a quick indicator that something is wrong. This is true for humans and for their pets. Recently, for example, I noticed some changes in my cat. First, she lost some weight. This seemed like a good thing to me since, like many indoor cats, she was overweight anyway. Then I began to notice she was meowing more loudly and frequently. Well, she has always seemed fond of the sound of her own voice so… But then she lost more weight and our family decided a trip to the veterinarian was a good idea.

What do you think was the first thing the doctor’s office did to my cat? That’s right, they took her temperature. Immediately they knew something was wrong as it was quite a bit higher than normal for a cat. The doctor soon discovered that my cat had an infection.

At this point you may be wondering “what does this have to do with my company?” A lot. Just like I want my pet to be healthy, we all want our companies to be healthy. But in determining whether our companies are healthy we don’t always gather enough information or focus on the right information. I initially made this mistake with my cat. I thought, “She doesn’t act sick.” She was still grooming herself and demanding a lot of attention. But I was focusing on the wrong information. I did not take notice of the fact that she was shedding a lot more than usual, for example. In like fashion, we may focus on our companies profits for the last three or four quarters but not look at other indicators of business health. Peter F. Drucker, in his book Management Challenges for the 21st Century, stated that success “comes to those who know themselves - their strengths, their values, and how they best perform.” This is true for both individuals and companies.

You might be thinking “I don’t need to read this; my company’s performance is not mediocre.” If so, let me ask you a question, “Will you be satisfied with your company’s performance if it continues to stay exactly where it is for the next ten years?” If you answered “yes” to that question, stop reading this paper. However, if you would like to see your company continue to grow and increase in profitability, keep reading.

In order to “bridge the gap” between where your company is now and where you would like it to be you must first have a goal. Why? How will you know the path to take if you don’t know where you are going? This goal should be as specific as possible. The reason it is important to be specific when setting goals is that research shows it increases our chances of reaching them.