As a business leader, how much thought do you give to setting business priorities? To craft priorities that propel your business forward, consider (1) the purpose you are trying to achieve—why you are initiating the goal, (2) the resources –financial and human capital—you have available, and (3) the time sequence that needs to be followed.
There is no doubt that running a business includes a certain level of stress. Keeping customers happy, workers happy, a positive cash flow, all the while trying to expand the business, are challenging on any given day. Did you know that your daily work habits can influence the amount of success you have in your
Building and maintaining a thriving business is challenging, to say the least. With so many decisions to make, a business owner is bound to make an occasional mistake. We know that “measuring twice and cutting once” is important advice we learned from tradesmen. It means that we should think carefully before acting—yet sometimes deciding on
Building an achievement plan for your business provides wonderful benefits. Setting goals and determining how the goals will be met takes tactical decisions. When you have an achievement plan in place, you will find that you have more clarity, direction and focus to complete tasks and keep moving forward toward your goals. Most business goals
How important are business relationships? As an entrepreneur, you started this business to use your talents to serve others and make money. What have you built so far? What’s your most important asset? The capital equipment you installed, or intellectual property you designed? Your annual net profit? These things matter, but your most important asset
When starting a business, an entrepreneur answers two important questions. What is the problem that I can solve for my customers? And second, how can I make a profit? Defining the purpose for your business is addressed after you answer the first two questions. It defines why you do what you do. Articulating a clear,
As a leader, your daily habits are critical to your success. If you have set goals that you wish to achieve, which I expect you have, then the daily activities become the vehicle to get you there. Your goal-getting formula can be described as the habitual performance seen in your daily activities. To determine what
Building a business and following an entrepreneurial path can be grueling. To boost productivity and stay inspired each day of the year, through good times and tough times takes a concerted effort. It’s normal to stay awake at night after working long hours, or stressing over financials, and being on the constant lookout for an
Being an entrepreneur is challenging, and running a business can be grueling. I find that a business runs much more smoothly if you incorporate a purpose-driven productivity system into the operations. What do I mean by that? When you began building your business, I’m sure that you envisioned yourself with more control of your own
Successful businesses—both large and small—utilize a regularly updated business plan to provide a clear vision and direction for a sustained profitable future. It becomes the roadmap business owners and entrepreneurs follow to grow their businesses and ensure continuous quality improvement. Such improvement is derived from monitoring business operations, marketing strategies, innovation, management and financial health.
Please fill out this short form to sign up for our monthly e-newsletter. Your information is never shared or sold; you can unsubscribe at any time.