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

8,460 Responses to “Make your business THRIVE in 2014 Part 2”

  1. ????? said...

    How Sports Toto Near Me Has Changed My Life The Better ?????

  2. Adult Bunk said...

    3 Common Causes For Why Your Cabin Bed For Adults Isn’t Working (And The Best Ways To Fix It) Adult Bunk

  3. inspeccion eca said...

    That is a really good tip particularly to those new to the blogosphere. Short but very precise information… Thanks for sharing this one. A must read article!

  4. Programing Key said...

    Five Killer Quora Answers To Programing Key Programing Key

  5. Arron said...

    11 Ways To Totally Block Your Toto Website ??? ??? (Arron)

  6. new Volvo keys said...

    Volvo Replacement Key: What’s No One Is Discussing new Volvo keys

  7. Ardis said...

    Where Are You Going To Find Windows Birmingham Be 1 Year
    From Right Now? shop front repairs birmingham (Ardis)

  8. ?????? ????????? ? ?????? said...

    ???????????????? ????????? ????? ?? ??????? ??????? ????????? ? ??????.
    ?? ??????????: ?????? ???????? ?????? ? ????
    ???? ??????? ?????????? ???????? ????????????? ?????? ?????????? ? ??????? ??? ? ??????? ?? ???!

  9. Daycares By Category said...

    Here is my blog post – Daycares By Category

  10. ?????? ????????? said...

    ???????????????? ????????? ????? ?????? ?? ??????? ????????? ?????? ?????????

  11. Bandar togel Terpercaya said...

    What Is Bandar Online Togel? And How To Use It Bandar togel Terpercaya

  12. Ounce of Weed in a Bag said...

    Very good information. Lucky me I discovered your blog by chance (stumbleupon). I have book-marked it for later.

  13. car key programming Cost said...

    How Car Key Programmer Near Me Became The Top Trend On Social Media car key programming Cost

  14. ???????? ????? ????????? ??????? said...

    ???????? ? ????????? ?????????? ???????? ???????
    ?? ?? ?????? ??????? ???????? ??????, ?? ? ??????? ????? ??????????? ?? ??????????? ????????????, ? ????? ????????? ????????? ?? ???? ?????? ??????.

    ?????? ??? ???????? ????? ??????? ???? [url=https://lazernye-stanki.ru/]?????? ???????? ????? ??????? ? ??? ????[/url] .

  15. Adhd Test For Adults said...

    How ADHD Tests Rose To The #1 Trend In Social Media Adhd Test For Adults

  16. ??? ??? said...

    20 Trailblazers Setting The Standard In Totopia ??? ???

  17. fiat 500 car key replacement said...

    10 Wrong Answers To Common Replacement Key For Fiat 500
    Questions: Do You Know The Right Answers? fiat 500 car key replacement

  18. Sex machinery said...

    What Is The Secret Life Of Sex Machines Usa Sex machinery

  19. Free Poker said...

    Check out my site … Free Poker

  20. collapsible electric wheelchair lightweight said...

    10 Beautiful Images To Inspire You About Lightest Foldable Electric
    Wheelchair collapsible electric wheelchair lightweight

  21. skilled asbestos attorney said...

    Mesothelioma Settlement Tips That Will Transform Your Life skilled asbestos attorney

  22. Sofas In Sale said...

    Five Killer Quora Answers On Sofas In Sale Sofas In Sale

  23. ???? said...

    Hi, I do believe this is an excellent website. I stumbledupon it 😉 I may revisit once again since I book-marked it. Money and freedom is the greatest way to change, may you be rich and continue to help others.

  24. Https://Www.Google.Co.Bw/Url?Q=Https://Bengalfoot7.Werite.Net/An-Easy-To-Follow-Guide-To-Wall-Mount-Electric-Fireplaces said...

    How To Save Money On Wall Electric Fireplace Wall
    Mounted Electric Flame Effect Fires (https://Www.Google.Co.Bw/Url?Q=Https://Bengalfoot7.Werite.Net/An-Easy-To-Follow-Guide-To-Wall-Mount-Electric-Fireplaces)

  25. Robertexhip said...

    hellow all https://nspddfgstmdbkl1034.ru/

  26. Volkswagen Car Keys Replacement said...

    What To Do To Determine If You’re At The Right Level For Replacement
    Volkswagen Key Volkswagen Car Keys Replacement

  27. 3 seater couch for sale said...

    Loveseat For Sale Isn’t As Difficult As You Think 3 seater couch for sale

  28. ???? said...

    Oh my goodness! Impressive article dude! Thank you so much, However I am experiencing problems with your RSS. I don’t know why I am unable to join it. Is there anybody having identical RSS problems? Anybody who knows the solution can you kindly respond? Thanx.

  29. Articlescad.com said...

    10 Best Facebook Pages Of All Time Concerning Locking Window Handles casement window
    handle, Articlescad.com,

  30. Mesothelioma Lawyers said...

    10 Quick Tips For Asbestos Attorney Mesothelioma Lawyers

  31. ????? ?? ??????? said...

    ???????? ??? ???????? ???????: ??????????? ????????
    ???????????? ??????? ???????? ???????????? ????????? ??? ???????? ???????, ??? ??????????? ????????????? ?????? ?????? ????????????.

    ???????? ????? ???? [url=https://lazernye-stanki.ru/]????? ??? ????? ???????[/url] .

  32. inky-bear-lgn0pr.mystrikingly.com said...

    The Rule Of Reciprocity – Understanding Buying On Dating
    Women ??? (inky-bear-lgn0pr.mystrikingly.com)

  33. ns1.javset.net said...

    10 Things Everyone Has To Say About Under Desk Treadmill Under Desk Treadmill Walking
    treadmill with Desk (ns1.javset.net)

  34. Local Search Company said...

    Local Search Company Tools To Ease Your Everyday Lifethe Only Local Search Company Technique Every Person Needs To Learn Local Search Company

  35. Are Sex Dolls Realistic said...

    15 Top Pinterest Boards Of All Time About Sexdolls
    Realistic Are Sex Dolls Realistic

  36. misted double glazing said...

    You’ll Be Unable To Guess Misted Double Glazing Repairs’s Tricks misted double glazing

  37. Leroyfet said...

    menu-doma.ru

  38. ?????? ??????? ?????? said...

    ???????????????? ????????? ????? ?? ??????? ??????? ?????? ? ??????.
    ?? ??????????: ?????? ??????? ?????? ??????????? ? ??????
    ???? ??????? ?????????? ???????? ????????????? ?????? ?????????? ? ??????? ??? ? ??????? ?? ???!

  39. Daycares popular listings said...

    Here is my homepage Daycares popular listings

  40. Sex_buh said...

    wanking on camera

  41. Vega-Barefoot-2.Federatedjournals.Com said...

    Car Key Lamborghini Tools To Make Your Daily Lifethe One Car Key Lamborghini Trick That Every
    Person Should Be Able To Car Key Lamborghini (Vega-Barefoot-2.Federatedjournals.Com)

  42. upgrade Items said...

    Ten Upgrade Items That Really Make Your Life Better upgrade Items

  43. Christel said...

    The 3 Biggest Disasters In Private ADHD Diagnosis UK The Private ADHD Diagnosis UK’s 3 Biggest Disasters In History private adhd assessment london cost,
    Christel,

  44. apkboy said...

    https://www.tutores.escasto.ipn.mx/blog/2024/10/07/kak-sdelat-umnyj-televizor-poleznym-10-luchshih-3/

  45. Bobbyeteda said...

    https://proobzor.info/ultrazvukovoe-issledovanie-slyunnoy-zhelezy-principy-primenenie-i-vazhnost-v-sovremennoy-medicine/

  46. Sensebrain1.Bravejournal.Net said...

    Why You Should Focus On Making Improvements To Upvc Window
    Hinge Double Glazing Window Hinge Repairs – Sensebrain1.Bravejournal.Net –

  47. Https://Minecraftcommand.Science said...

    You’ll Never Guess This Walking Pad Under Desk’s Tricks
    Walking Pad Under Desk (https://Minecraftcommand.Science)

  48. Https://Tawny-Horse-Fvlkb9.Mystrikingly.Com/Blog/5-Myths-About-Autowatch-Ghost-2-Installers-Near-Me-That-You-Should-Stay-Clear-Of said...

    10 Ghost Installer Tricks All Experts Recommend Bmw
    M4 Ghost Installer (https://Tawny-Horse-Fvlkb9.Mystrikingly.Com/Blog/5-Myths-About-Autowatch-Ghost-2-Installers-Near-Me-That-You-Should-Stay-Clear-Of)

  49. sectional Sofa with chaise And sleeper said...

    10 Things You Learned From Kindergarden That’ll Help You
    With Sectional Couch Bed sectional Sofa with chaise And sleeper

  50. ????? ?? ?? said...

    “Ask Me Anything,” 10 Answers To Your Questions About Pragmatic Free Slots ????? ?? ??

« Older Comments
Newer Comments »

Add a Comment

 

© All content copyright 2024 | Privacy Statement | Admin Login