Make your business THRIVE in 2014 Part 2
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:
- Look for the hidden opportunity in every situation
- Look for at least one cash windfall for your business every three months.
- The more value for your client, the better your breakthrough.
- Create multiple streams of ideas to find the best breakthroughs.
- 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:
- Why did I first start this business? Why am I in this industry?
- What products/services did I offer then? Which were the most popular?
- Why are my customers/clients buying from me right now?
- How did I generate new customers/clients then?
- 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
7,590 Responses to “Make your business THRIVE in 2014 Part 2”
xnxx mom said...
xnxx mom, xnxx mom and son
anyxxx said...
anyxxx, anyxxx.com
rolling scaffold said...
It only calls for separating your coupons by categories. I rate Thrifty with only four stars simply because enterprise coupon codes are on the smaller side, but renting from Thrifty a great overall value.
mccrory scaffolding said...
You really should experience a tournament personally of the finest blogs on-line. I’m going to suggest this website!
oi2bj1bgty1t8ty.com said...
The 10 Scariest Things About Which Is Best
For Online Grocery Shopping which is best for online grocery shopping (oi2bj1bgty1t8ty.com)
vimeo.com said...
15 Gifts For The Online Grocery Stores That Ship Lover In Your Life
nutriom egg powder (vimeo.com)
Shopping online Sites said...
5 Killer Quora Answers To Shopping Online Sites List Shopping online Sites
gravlock said...
very nice post, i definitely enjoy this fabulous website, carry on it
Freshwater Pool Test Strips said...
What Experts Say You Should Be Able To Freshwater Pool Test Strips
pro scaffolding said...
I am impressed with this web site , really I am a big fan .
tubidy mp3 juice said...
You are so cool! I don’t believe I’ve truly read a single thing like this before. So wonderful to discover somebody with original thoughts on this subject. Seriously.. thanks for starting this up. This web site is something that’s needed on the internet, someone with a little originality.
erb's palsy Lawyers said...
Erb’s Palsy Lawyers Tools To Streamline Your Everyday Lifethe Only Erb’s Palsy Lawyers Trick Every Individual Should Learn erb’s palsy Lawyers
jmac scaffolding said...
the travel packages that i have seen on the internet are sometimes oversold, they are cheap yet the inclusions sucks`
steel scaffold tower said...
After study a number of the blog posts on the web site now, i truly much like your method of blogging. I bookmarked it to my bookmark internet site list and you will be checking back soon. Pls look at my web site likewise and tell me if you agree.
Vimeo said...
What Is The Reason Adding A Key Word To Your Life’s Journey Will Make The Difference Vimeo
werner portable scaffold said...
You need to be a part of a contest for example of the most useful blogs online. I am going to suggest this web site!
Railroad injury Fela Lawyer said...
5 Killer Quora Answers On Railroad Injury Fela Lawyer Railroad injury Fela Lawyer
20 ft scaffolding said...
I would like to thank you for the efforts you’ve put in writing this web site. I am hoping the same high-grade web site post from you in the upcoming as well. Actually your creative writing abilities has inspired me to get my own blog now. Really the blogging is spreading its wings quickly. Your write up is a great example of it.
putlog scaffold said...
After study a handful of the websites with your web site now, and i also truly much like your way of blogging. I bookmarked it to my bookmark internet site list and will be checking back soon. Pls look at my web-site also and told me what you consider.
xnxx said...
xnxx, xnxx xnxx, xnxx com
motor Vehicle accident lawyer said...
5 Must-Know Motor Vehicle Settlement Practices For 2023 motor Vehicle accident lawyer
used scaffolding for sale said...
Appreciate it for this post, I am a big big fan of this website would like to proceed updated.
sungwoobearing.com said...
Cerebral Palsy Lawyers Tools To Help You Manage Your Everyday
Lifethe Only Cerebral Palsy Lawyers Trick That Every Person Must Know cerebral
palsy lawyer (sungwoobearing.com)
https://emplois.fhpmco.fr said...
A. The Most Common Fela Debate Isn’t As Black And
White As You May Think federal employers’ liability,
https://emplois.fhpmco.fr,
roof scaffolding said...
Man! Its like you browse my mind! You seem to grasp so much regarding this, just like you wrote the book in it or one thing. i believe that you can do with some images to drive the content home a little, besides that, this is often informative blog. A outstanding browse. unwell certainly come back again.
tubidy mp3 said...
It’s hard to come by experienced people in this particular subject, however, you seem like you know what you’re talking about! Thanks
ladders and scaffold towers said...
Oh my goodness! a fantastic post dude. Thanks Nevertheless My business is experiencing issue with ur rss . Don’t know why Not able to sign up for it. Possibly there is any person obtaining identical rss difficulty? Anyone who knows kindly respond. Thnkx
conferencebureauquebec.com said...
How To Play Online Baccarat ????? (conferencebureauquebec.com)
Professional electrician tool belt said...
Online Shopping Uk: What No One Is Talking About Professional electrician tool belt
birth defect law firm said...
10 Things You’ll Need To Be Educated About Birth Defect
Litigation birth defect law firm
Professional Jewelry Mandrel Kit said...
5 Clarifications On Online Shopping Uk Amazon Professional Jewelry Mandrel Kit
vimeo.com said...
Do Not Buy Into These “Trends” About Online Retailers Uk Stats Sports Nutrition Drink
Mix (vimeo.com)
vimeo.Com said...
Do You Think Shopping Online Sites Never Rule The World?
{Afw (vimeo.Com)
tubidy music said...
Can I just say what a comfort to discover someone that really knows what they are discussing online. You certainly understand how to bring a problem to light and make it important. More people really need to check this out and understand this side of your story. I was surprised that you aren’t more popular since you certainly have the gift.
Dnpaint.Co.Kr said...
5 Killer Quora Answers On Charity Shop Online Clothes Uk Charity Shop Online Clothes Uk; Dnpaint.Co.Kr,
h frame scaffolding on rent near me said...
There is noticeably a bundle comprehend this. I suppose you made specific nice points in functions also.
Tammie said...
9 Things Your Parents Teach You About Best Online Shopping Sites London best
online shopping sites london (Tammie)
Birth Defect Attorneys said...
25 Amazing Facts About Birth Defect Compensation Birth Defect Attorneys
plettac scaffolding said...
I am extremely inspired along with your writing skills well with the format for your weblog. Is that this a paid theme or did you customize it yourself? Either way keep up the nice high quality writing, it’s uncommon to peer a great weblog like this one today.
youtube to mp3 said...
An impressive share! I’ve just forwarded this onto a coworker who had been conducting a little research on this. And he actually ordered me lunch because I discovered it for him… lol. So let me reword this…. Thank YOU for the meal!! But yeah, thanks for spending time to talk about this matter here on your internet site.
vimeo said...
13 Things You Should Know About Online Shopping Sites In Uk For Electronics That You Might Not Have Known vimeo
birth Defect said...
Guide To Birth Defect Litigation: The Intermediate Guide In Birth Defect Litigation birth Defect
Benedict said...
11 Ways To Completely Revamp Your Best Online Clothing Sites Uk Residential Co Alarm Battery Powered (Benedict)
hse scaffolding said...
With havin so much content and articles do you ever run into any issues of plagorism or copyright infringement? My site has a lot of exclusive content I’ve either created myself or outsourced but it seems a lot of it is popping it up all over the web without my permission. Do you know any methods to help stop content from being ripped off? I’d definitely appreciate it.
birth injury Lawyers said...
7 Secrets About Birth Injury Settlement That Nobody Can Tell You birth injury Lawyers
tubidy said...
Hi there! I just want to offer you a huge thumbs up for your great info you have here on this post. I will be returning to your blog for more soon.
bps scaffold tower said...
Thank you for the sensible critique. Me and my neighbor were just preparing to do some research about this. We got a grab a book from our area library but I think I learned more from this post. I’m very glad to see such great information being shared freely out there.
Eileen said...
What NOT To Do When It Comes To The Online Shopping
Sites Industry Homepop Dark Grey Settee [Eileen]
vimeo said...
14 Smart Ways To Spend Your The Leftover Online Clothes Shopping Near
Me Budget vimeo
Vimeo.Com said...
Are You Sick Of Online Shopping Websites For Clothes?
10 Inspirational Ideas To Revive Your Love For Online
Shopping Websites For Clothes Vimeo.Com