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
7,645 Responses to “Make your business THRIVE in 2014 Part 2”
Vimeo.com said...
Unexpected Business Strategies That Helped Does Amazon Ship To Uk Succeed Vimeo.com
18 wheeler accident law firm said...
You’ll Be Unable To Guess 18 Wheeler Accident Law Firm’s Tricks 18 wheeler accident law firm
doublestorm00.werite.Net said...
A Comprehensive Guide To Demo Gatotkaca Pragmatic.
Ultimate Guide To Demo Gatotkaca Pragmatic Gates of Gatot kaca Slot –
doublestorm00.werite.Net,
glass repair London said...
Guide To Glass Repair London: The Intermediate Guide In Glass Repair London glass repair London
Donaldzon said...
Laure Boulleau https://laure-boulleau.prostoprosport-fr.com French football player, defender. She started playing football in the Riom team, in 2000 she moved to Isere, and in 2002 to Issigneux. All these teams represented the Auvergne region. In 2003, Bullo joined the Clairefontaine academy and played for the academy team for the first time.
LarryGaply said...
Son Heung Min https://sonheung-min.prostoprosport-br.com South Korean footballer, striker and captain of the English Premier League club Tottenham Hotspur and the Republic of Korea national team. In 2022 he won the Premier League Golden Boot. Became the first Asian footballer in history to score 100 goals in the Premier League
online Shopping stores In London said...
See What Online Shopping Stores In London Tricks The
Celebs Are Using online Shopping stores In London
double glazing near me said...
What’s The Job Market For Double Glazing Near Me Professionals Like?
double glazing near me
Ouida said...
See What Double Glazing High Wycombe Tricks The
Celebs Are Making Use Of double glazing high wycombe (Ouida)
Asbestos compensation said...
A claim for asbestos compensation is a request
to receive financial compensation from the company or companies that are responsible for asbestos exposure.
1borsa.com said...
What’s The Current Job Market For Uk Online Phone Shopping Sites Professionals?
Uk online phone shopping sites (1borsa.com)
asbestos Claim said...
asbestos Claim victims seek compensation from companies responsible for asbestos exposure.
Personal injury and wrongful-death claims are used to achieve this.
An experienced attorney can assist victims and their families with
the process.
Weather-Resistant Tarp said...
Why Examples Of Online Products Is The Right Choice For You?
Weather-Resistant Tarp
Andrewriz said...
Jude Victor William Bellingham https://jude-bellingham.prostoprosport-fr.com English footballer, midfielder of the Spanish club Real Madrid and the England national team. In April 2024, he won the Breakthrough of the Year award from the Laureus World Sports Awards. He became the first football player to receive it.
auto Accident said...
The 10 Most Scariest Things About Auto Accident Law auto Accident
Pondcelery1.Werite.Net said...
10 Websites To Aid You Be A Pro In Vegas Slots Video Slots (Pondcelery1.Werite.Net)
green power scooters said...
What You Should Be Focusing On Improving Greenpower Mobility green power scooters
fun Slots said...
17 Signs You’re Working With Slot Machine Games fun Slots
marc jacobs factory outlet online said...
Find the latest Marc Jacobs deals at the marc jacobs factory outlet online.
window doctor near Me said...
You’ll Be Unable To Guess Window Doctor
Near Me’s Tricks window doctor near Me
JeffreyLoono said...
Antoine Griezmann https://antoine-griezmann.prostoprosport-fr.com French footballer, striker and midfielder for Atletico Madrid. Player and vice-captain of the French national team, as part of the national team – world champion 2018. Silver medalist at the 2016 European Championship and 2022 World Championship.
BryanGrout said...
In January 2010, Harry Kane https://harry-kane.prostoprosport-fr.com received an invitation to the England U-team for the first time 17 for the youth tournament in Portugal. At the same time, the striker, due to severe illness, did not go to the triumphant 2010 European Championship for boys under 17 for the British.
Upvc doors Repairs said...
Its History Of Panels For Upvc Doors Upvc doors Repairs
https://images.google.com.nf/url?sa=t&url=https://historydb.date/wiki/Scotttorp1096 said...
A Productive Rant Concerning Vegas Slots jackpot
slots – https://images.google.com.nf/url?sa=t&url=https://historydb.date/wiki/Scotttorp1096,
semi truck accident law firms said...
Semi Truck 101: A Complete Guide For Beginners semi truck accident law firms
vimeo.com said...
The Next Big Event In The Online Shopping Uk Amazon Industry School
Sports Bag Mesh (vimeo.com)
Lauri said...
Five Killer Quora Answers On Online Clothes Shopping Sites Uk online
clothes shopping sites uk (Lauri)
Maps.google.mk said...
What’s The Job Market For What CSGO Cases Should I Open Professionals Like?
csgo Cases (Maps.google.mk)
MichaelDug said...
Karim Mostafa Benzema https://karim-benzema.prostoprosport-fr.com French footballer, striker for the Saudi club Al-Ittihad . He played for the French national team, for which he played 97 matches and scored 37 goals.
BradleyJag said...
Achraf Hakimi Mou https://achraf-hakimi.prostoprosport-fr.com Moroccan footballer, defender of the French club Paris Saint-Germain “and the Moroccan national team. He played for Real Madrid, Borussia Dortmund and Inter Milan.
single stroller sale said...
The 9 Things Your Parents Taught You About Single Stroller Sale single stroller sale
https://www.ballop.co.kr/member/login.html?noMemberOrder&returnUrl=http://opensourcebridge.science/wiki/15_Bizarre_Hobbies_Thatll_Make_You_More_Successful_At_Bunk_Beds_Online said...
Guide To Best Rated Bunk Beds: The Intermediate Guide The Steps
To Best Rated Bunk Beds best rated bunk beds (https://www.ballop.co.kr/member/login.html?noMemberOrder&returnUrl=http://opensourcebridge.science/wiki/15_Bizarre_Hobbies_Thatll_Make_You_More_Successful_At_Bunk_Beds_Online)
car Accident lawyers said...
Five Car Accident Case Projects For Any Budget car Accident lawyers
psychiatrist therapist near me said...
Guide To Psychiatrist Therapist Near Me: The Intermediate Guide Towards Psychiatrist Therapist Near Me psychiatrist therapist near me
Dana said...
15 Secretly Funny People In CS GO New Cases csgo
cases (Dana)
Slot Adventures said...
How Online Slots Has Changed The History Of Online Slots Slot Adventures
medical malpractice lawsuit said...
What Freud Can Teach Us About Medical Malpractice Law medical malpractice lawsuit
Vimeo said...
The Greatest Sources Of Inspiration Of London Online Clothing Shopping Sites Vimeo
http://w.obguitar.net said...
20 Questions You Should Ask About Windows Bedford Prior To Purchasing Windows Bedford sliding folding doors bedford (http://w.obguitar.net)
Danielcophy said...
Sweet Bonanza https://sweet-bonanza.prostoprosport-fr.com is an exciting slot from Pragmatic Play that has quickly gained popularity among players thanks to its unique gameplay, colorful graphics and the opportunity to win big prizes. In this article, we’ll take a closer look at all aspects of this game, from mechanics and bonus features to strategies for successful play and answers to frequently asked questions.
:~:text=- said...
??????????? ????? ? ?????????? ??????
???? – ???????? ?? ?????? ?? :~:text=%D0%A2%D1%80%D0%B8%20%D0%B4%D0%BE%D0%B3%D0%BC%D0%B0%D1%82%D0%B0-
DavidGaite said...
Philip Walter Foden https://phil-foden.prostoprosport-fr.com better known as Phil Foden English footballer, midfielder of the Premier club -League Manchester City and the England national team. On December 19, 2023, he made his debut at the Club World Championship in a match against the Japanese club Urawa Red Diamonds, starting in the starting lineup and being replaced by Julian Alvarez in the 65th minute.
asbestos attorney said...
It is difficult to tell by taking a look at something if it contains asbestos attorney.
Neither can you smell or taste it. Asbestos is only detected when the
materials that contain it are broken, drilled, or chipped.
car Accident lawsuit said...
3 Reasons You’re Not Getting Car Accident Lawyer Isn’t Working
(And How To Fix It) car Accident lawsuit
semi Truck accident lawyers said...
10 Misconceptions Your Boss Holds Concerning Semi Truck Lawsuit semi Truck accident lawyers
Ferne said...
All-inclusive Guide To Adult Adhd Assessment Near Me adhd assessments
for adults near me (Ferne)
Georgenew said...
Bernardo Silva https://bernardo-silva.prostoprosport-fr.com Portuguese footballer, midfielder. Born on August 10, 1994 in Lisbon. Silva is considered one of the best attacking midfielders in the world. The football player is famous for his endurance and performance. The athlete’s diminutive size is more than compensated for by his creativity, dexterity and foresight.
Reina said...
You’ll Never Guess This Pushchair Single’s Tricks pushchair single, Reina,
Online shopping sites uk said...
The 9 Things Your Parents Teach You About Cheap Online Shopping Sites Uk Online shopping sites uk
Marshall said...
The 10 Most Scariest Things About List Of Online Shopping Sites In Uk list of online shopping sites in uk; Marshall,