Make your business THRIVE in 2014 Part 2

Posted by vernonsimpson on January 2, 2014

As I was saying last week it is very important that we focus on what will make your business thrive in 2014. My first tip was to help you put in place measures that will enable you to side step any negative conditions that could derail you, and to position your business to thrive with the use of the SWOT analysis.

This week I want to tell you how you can improve your SWOT analysis by taking a hard look at your current resources and how to get the most out of them. This will help your capital go further and increase your profit margin in 2014 by maximizing what you already have. These include:

  • Recognising  the obvious
  • Unconventional breakthroughs
  • Facing  the facts

Recognising the Obvious

Sometimes when you are too close to something, you can’t make out the big picture. You need to step back and really take a hard look at the resources you currently have in front of you. You are surrounded by opportunities that can boost your career and help your business become more successful but maybe you are just too close to things to see this?

Unconventional Breakthroughs

Don’t sit around waiting for breakthroughs you need to create them yourself. A breakthrough is merely a new way of doing things or finding a new thing to do for the same or better results. You should be having regular brainstorming sessions and encouraging your team to come forward with breakthroughs or ideas any time they have them.

Some great examples of breakthroughs are:

  • A health and beauty company discovers a side effect of a product that can be re-marketed and sold.
  • A company creates a roll-on deodorant inspired by the shape and size of a ball point pen.
  • The founder of Nike poured rubber onto a waffle iron and created the most innovative and successful running shoe ever.

When a strategising for a breakthrough in 2014 there are some key objectives you need to keep in mind. They are:

  1. Look for the hidden opportunity in every situation
  2. Look for at least one cash windfall for your business every three months.
  3. The more value for your client, the better your breakthrough.
  4. Create multiple streams of ideas to find the best breakthroughs.
  5. Effective breakthroughs remove all risk or resistance.

Face the Facts

Before you can put your breakthroughs to work you need to face the facts of the processes and systems that are not working for you and work to correct or get rid of them. There are some great questions you can present to you and your team to get a handle on where your business is right now. They are:

  1. Why did I first start this business? Why am I in this industry?
  2. What products/services did I offer then? Which were the most popular?
  3. Why are my customers/clients buying from me right now?
  4. How did I generate new customers/clients then?
  5. Which of my marketing efforts were bringing in the best results?

Once you’ve got some answers to these questions, you’ll know better how to approach your weaknesses and really pay attention to what will help make your business a great success in 2014.

Until the next time.

Vernon Simpson, Nydes Business Coach,

Coaching Business Owners and Executives to their next leve

8,368 Responses to “Make your business THRIVE in 2014 Part 2”

  1. tamil xnxx said...

    xnxx tamil, tamil xnxx

  2. tamil xnxx said...

    xnxx tamil, tamil xnxx

  3. toeboard scaffolding said...

    After study several of the web sites for your internet site now, and that i really like your way of blogging. I bookmarked it to my bookmark site list and will be checking back soon. Pls take a look at my site too and figure out what you think.

  4. rent scaffold tower said...

    Only a few blogger would discuss this topic the way you do.*:.~;

  5. car accident law Firms said...

    15 . Things That Your Boss Would Like You To Know You’d Known About Car Accident Law
    car accident law Firms

  6. Repairing upvc Doors said...

    24 Hours To Improve Upvc Replacement Door Handles Repairing upvc Doors

  7. Water.Vouvstudio.Com said...

    What’s The Job Market For Treadmill Folding Professionals Like?
    Treadmill Folding, Water.Vouvstudio.Com,

  8. Lc56.39103211.cn said...

    5 Clarifications On Online Clothes Shopping Websites Uk online
    Shopping sites with Free international shipping (Lc56.39103211.cn)

  9. pdl scaffolding said...

    The article is worth to read. The clarity and balance that reflects from this blog post. These days blogs are used everywhere. The idea that we recieve from them are unevitable. The art needed is the power of creativity within yourself via learning, thinking, creating and rigorous study. Therefore the article is truely helpful for the readers. Thanks a lot for writing such a wonderful article. I await your next article with great egarness.

  10. camhs Adhd assessment uk said...

    11 Ways To Totally Block Your Adhd Assessment Uk camhs Adhd assessment uk

  11. Uk Online Shoe Shopping Websites said...

    Five Killer Quora Answers On Uk Online Shoe Shopping Websites Uk Online Shoe Shopping Websites

  12. Slot demo starlight princess no lag said...

    Slot Demo Starlight Princess No Lag Techniques To Simplify Your Daily Life Slot Demo Starlight Princess
    No Lag Trick That Everyone Should Be Able To Slot demo starlight princess no lag

  13. Leonida said...

    2 In 1 Pram And Pushchair Techniques To Simplify Your Daily Lifethe One 2 In 1 Pram And Pushchair Trick That
    Every Person Should Be Able To 2 in 1 pram and pushchair (Leonida)

  14. Doug said...

    Guide To Online Shopping Uk Cheap: The Intermediate
    Guide For Online Shopping Uk Cheap online shopping uk cheap (Doug)

  15. Mobile Slots said...

    “The Slot Reviews Awards: The Most, Worst, And The Most Unlikely Things We’ve Seen Mobile Slots

  16. ict.wku.ac.Th said...

    Guide To Upvc Repairs Near Me: The Intermediate Guide For Upvc Repairs Near Me upvc repairs near
    me (ict.wku.ac.Th)

  17. anyxxx.com said...

    anyxxx, anyxxx.com

  18. anyxxx.com said...

    anyxxx, anyxxx.com

  19. anyxxx said...

    anyxxx, anyxxx.com

  20. anyxxx said...

    anyxxx, anyxxx.com

  21. anyxxx.com said...

    anyxxx, anyxxx.com

  22. anyxxx.com said...

    anyxxx, anyxxx.com

  23. anyxxx said...

    anyxxx, anyxxx.com

  24. anyxxx.com said...

    anyxxx, anyxxx.com

  25. keumkangpc.co.kr said...

    5 Killer Quora Answers On Best Online Shopping Websites Uk best online Shopping websites uk (keumkangpc.co.kr)

  26. anyxxx.com said...

    anyxxx, anyxxx.com

  27. anyxxx said...

    anyxxx, anyxxx.com

  28. anyxxx said...

    anyxxx, anyxxx.com

  29. anyxxx said...

    anyxxx, anyxxx.com

  30. anyxxx said...

    anyxxx, anyxxx.com

  31. Birth Defect Lawsuit said...

    Are Birth Defect Lawyers The Greatest Thing There Ever Was?
    Birth Defect Lawsuit

  32. anyxxx.com said...

    anyxxx, anyxxx.com

  33. anyxxx.com said...

    anyxxx, anyxxx.com

  34. swimming.S-server.kr said...

    10 Misconceptions Your Boss Shares Concerning Shopping Online
    shopping online sites clothes (swimming.S-server.kr)

  35. Tuyet said...

    10 Untrue Answers To Common Veterans Disability Attorney Questions:
    Do You Know The Correct Answers? veterans disability lawsuit
    (Tuyet)

  36. foldable treadmill Desk said...

    11 Ways To Completely Revamp Your Standing
    Desk Treadmill foldable treadmill Desk

  37. http://www.hyeonhae.co.kr/bbs/board.php?bo_Table=helpdesk2&wr_id=5990 said...

    How Themed Slots Has Changed My Life The Better hacksaw slot games [http://www.hyeonhae.co.kr/bbs/board.php?bo_Table=helpdesk2&wr_id=5990]

  38. atlantic scaffolding supplies said...

    you’ve gotten an ideal blog right here! would you prefer to make some invite posts on my blog?. Such a usefule blog wow !!!! A lot more Agreeable Agreeable.

  39. anyxxx said...

    anyxxx, anyxxx.com

  40. xnxx com said...

    xnxx com, xnxx hd, xnxx video

  41. Bridgette said...

    Where Is Online Shopping Be 1 Year From In The Near Future?
    {Klein Tools 32561|Stubby Screwdriver|Nut Driver|6-In-1 Multi-Bit Screwdriver|
    (Bridgette)

  42. jc scaffolding said...

    Wohh precisely what I was looking for, thankyou for putting up.

  43. contractor said...

    Responsible For The Repair A Window Budget? Twelve Top Ways To Spend Your Money contractor

  44. Dangerous Drugs said...

    Dangerous Drugs Lawyer Tools To Streamline Your Daily Lifethe One Dangerous
    Drugs Lawyer Trick That Everybody Should Learn Dangerous Drugs

  45. youtube mp3 converter said...

    This website was… how do you say it? Relevant!! Finally I’ve found something which helped me. Cheers.

  46. vimeo said...

    10 Reasons You’ll Need To Know About Shopping Online Uk
    vimeo

  47. replacement windows prices said...

    What’s The Current Job Market For Replacement Windows Prices Professionals Like?
    replacement windows prices

  48. Nida said...

    Repairs To Upvc Windows Tools To Streamline Your Daily LifeThe One Repairs To
    Upvc Windows Trick That Everyone Should Be Able To repairs
    to upvc windows (Nida)

  49. online shopping websites Clothes said...

    Online Shopping Websites Clothes Tools To Ease Your
    Daily Lifethe One Online Shopping Websites Clothes Trick Every Individual Should Know online shopping websites Clothes

  50. cup lock scaffolding said...

    Nice post. I learn something more difficult on various blogs everyday. It will always be stimulating to read content off their writers and practice a little something there. I’d opt to use some with the content in my small weblog whether you do not mind. Natually I’ll supply you with a link on your web blog. Many thanks sharing.

« Older Comments
Newer Comments »

Add a Comment

 

© All content copyright 2024 | Privacy Statement | Admin Login