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Make your business THRIVE in 2014!

Posted by vernonsimpson on December 26, 2013

What is the one thing you can do as a small business owner to make sure economical and   other external factors do not have a negative impact on your business in 2014? Is there anything you can do right now that will enable your business to sidestep negative conditions and position your business to not only survive, but THRIVE in the coming year?

What you need to know…

For the coming year there is one basic business principle that can help you turn negative economic and environmental factors to your advantage and you can use this same principle in your business to become the predominant force in your market. It’s called a SWOT Analysis, and it stands for Strengths, Weaknesses, Opportunities and Threats.

Why you need to know this…

A SWOT Analysis will help you discover your personal strengths, weaknesses, and lessons from 2013. If you do it right, you can use that information to position yourself so that your business perform its highest income-producing activities in the New Year. That immediately jump-starts revenue and profits for your business. I always do the SWOT Analysis on my coaching assignments and ensure that my clients combine it with our unique 1 page strategic planning process, and that we update it every 90 days for maximum success.

When we combine SWOT with our strategic planning, this will allow you to predict threats to your business, and develop a pre-determined plan of action that will enable you to turn any threat that materialises in the New Year into an instant opportunity. It worked for Toyota, didn’t it? They were the only car company whose SWOT Analysis predicted the gas crisis, and the public’s current demand for hybrid vehicles.

Do you have an up to date SWOT Analysis for your business in the coming year?

Do you know the tools required to properly perform one?

Do you have any idea what your strengths and weaknesses are, or for that matter, what your highest income-producing activities are for your business and what they should be in the New Year?

Do you know how to combine it all with the other critical success factors for your business into a  1 page strategic plan that you and your team can use every week in your business to make 2014 your best year ever?                                    

If you don’t, what will be the costs to your business in 2014 if you fail to act now?

Develop these critical skills and you will position your business as the obvious choice for your prospects to buy from and move your business forward with confidence.

Until the next time

Vernon Simpson, Nydes Business Coach

Coaching Business Owners and Executives to their next level of Excellence

P.S. Please remember that at any time you feel ready and qualified to move forward and acquire the professional help that can enable you to build the business of your dreams, just make an appointment with me by clicking here:

https://my.timedriver.com/62NK1. At Nydes we have the perfect combination of online and off line resources, tools and support to get you out of any financial distress you’re presently experiencing… help you get laser-focused on your highest income-producing activities… and help you develop and then apply the fundamentals that will build a multimillion pound business for you in 2014.