If you’re convinced you have a robust business model but not seeing strong-enough results, it probably stems from errors in execution.
This is not a time for regrets. Dismiss them. This is not a time for pointless regrets.
For maximum performance from strategic planning, many leaders of businesses have learned the benefits of thinking small.
Yes, it’s a time to think small – one day at a time – learn the art of compartmentalization to chip away at your challenges. Why? Business problem-solving means compartmentalizing.
So, relieve yourself of your burdens and uncertainties. Whatever happens, accept it with a serene mind.
Using the adage,“No matter what, there are no big deals. No matter what,” successful entrepreneurs develop the right mental approach.
You may be operating a business, but make it a daily habit to have fun. Relax. Have some fun.
In this way, you will be starting to lay the groundwork for positive employee morale.
An added benefit , your customers will notice, which will enhance your revenue picture.
Practice this on a daily basis, and you’re ready to rock ‘n’ roll!
Thinking small for a competitive edge
Here are proven strategies to think small and create opportunities for a competitive edge:
- Review last year only as a way to understand your mistakes to avoid this year.
- Eliminate arrogance from your workplace. Take nothing for granted. My favorite quote of Dr. Peter Drucker: “Arrogance is being proud of ignorance.” So, humility helps – not only with employees but customers, too.
- Great bosses don’t try to do it all. Time is valuable – practice the fine art of employee delegation – politely, with appreciation without micromanaging.
- Listen – continually – to your employees, customers and the marketplace developments. Remember your workers are situated where the tire meets the road. Even better, enhance your profit drivers by partnering with your employees. You will get ideas on making profits from saving money on energy use to attracting new customers.
- Be flexible in dealing with change, not only for your business but your customers, too.
- Discard negative people from your business and life.
- Do your satisfied customers ever say thank you? If not, learn tools to solicit their compliments. It’s the first step in profiting from online customer reviews. Develop an environment of gratitude. Your employees will appreciate it, too.
- The best bosses are learners, and budget time for learning for themselves and top employees, too.
- Become a student of empathy – learn to understand what motivates your employees and customers. Develop a plan.
- During stressful times, remember to fly like a butterfly over the obstacles. You need to stay above the problems for a productive perspective – the big picture.
- Find good advisors – mentors, if you will, who can advise you on all aspects of your business.
- Stay in solution mode – see every problem as a challenge – an opportunity for growth.
- Focus on providing customer solutions for their needs. That includes the right content on your company blog. Use the right social media at the right time for promotion to drive demand. For a bounce in revenue, try strategic press releases.
- Be aware of your competition – but don’t be overly influenced and become mired in a quagmire of self-doubt.
- Always remember appearances and trust are each vital for your long-term success.
- Chart your progress in implementing these steps – it’ll put a smile on your face.
Good luck! You’ll ind these ideas will serve as a catalyst for more steps you can take for profitability.
From the Coach’s Corner, here are other helpful strategies:
HR – Profit By Not Letting Your Stars Become Free Agents — Like baseball, it’s important to identify talented performers and then take care of them. Follow these steps – you’ll be rewarded with a grand slam.
Strategic HR Management for Retaining High Performers — You must build your organizational capabilities if you want to create an environment that will retain high performers. The way to accomplish it is to be committed to strong results with specialized retention initiatives for your talent.
Checklist to Build Your Brand on a Budget — Every business needs to save time and money while increasing revenue with affordable branding techniques. Here are 29 proven branding solutions for maximum profits.
Improve Your Customer Retention with 6 Digital Tips — Outstanding loyalty programs for stellar customer engagement play an important role to improve your prospects for lifetime customer value. That goes for e-commerce, too.
Productivity – 7 Steps to Build Performance Indicators — For performance-measurement in human-resource administration, the key is to design measurement systems to drive engagement, productivity and quality. Here’s how.
“The conventional definition of management is getting work done through people, but real management is developing people through work.”
-Agha Hasan Abedi