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
8,441 Responses to “Make your business THRIVE in 2014 Part 2”
gandershell94.werite.net said...
5 Cost To Replace Windows Uk Projects That Work For Any Budget Replacement Windows panes [gandershell94.werite.net]
pragmatic-Kr89900.muzwiki.com said...
The 10 Scariest Things About Free Pragmatic ????? ?? (pragmatic-Kr89900.muzwiki.com)
Adan said...
Do Not Buy Into These “Trends” Concerning Lamborghini
Car Key lamborghini aventador svj key (Adan)
Https://Humanlove.Stream said...
The History Of Sliding Folding Doors Aylesbury Double Glazing Seal Repairs (https://Humanlove.Stream)
fridge wine Storage said...
Is In Built Wine Fridge As Important As Everyone Says?
fridge wine Storage
Audi q5 key said...
30 Inspirational Quotes For Audi Key Audi q5 key
po?et bask? said...
Good write-up. I absolutely love this site. Keep it up!
5 wheel Mobility scooter said...
10 3 Wheel Electric Scooter Near Me That Are Unexpected 5 wheel Mobility scooter
Peugeot 508 Key said...
There’s A Reason Why The Most Common Peugeot Spare Key Debate
Could Be As Black And White As You Might Think Peugeot 508 Key
services said...
How Much Can Best Folding Treadmill Experts Earn? services
curved couches for sale said...
The 10 Most Worst Couches Near Me For Sale FAILS Of All Time Could
Have Been Prevented curved couches for sale
adjustable Mobility Scooters said...
5 Conspiracy Theories About Indoor Mobility Scooters You Should Avoid adjustable Mobility Scooters
cheapest said...
A Delightful Rant About Audi Key cheapest
Cheap Fridges uk said...
The Leading Reasons Why People Achieve In The
Tall Fridge Industry Cheap Fridges uk
Upvc window Repairs said...
A Proactive Rant About Repairs To Upvc Windows Upvc window Repairs
coffee to bean machines said...
Ten Coffee To Bean Machines That Really Improve Your Life coffee to bean machines
Sheryl said...
What’s The Current Job Market For Replacement Double Glazed Sealed Units Professionals Like?
replacement double glazed sealed units – Sheryl,
ethanol fireplaces said...
Bio Ethanol Fireplace Tips That Will Change Your Life ethanol fireplaces
Keisha said...
Watch Out: How Private ADHD Assessment Is Gaining Ground And
How To Respond private adhd assessment west yorkshire (Keisha)
Adhd Behavioral Assessment Scale said...
10 Healthy Assessments For Adhd In Adults Habits Adhd Behavioral Assessment Scale
Asbestos Case said...
Mesothelioma which is a deadly cancer, is largely caused by asbestos exposure.
A New York mesothelioma lawyer can assist victims and
their families in holding companies accountable
for concealing Asbestos Case, a
dangerous chemical.
Windows And Doors Milton Keynes said...
The 10 Most Scariest Things About Windows And
Doors Milton Keynes Windows And Doors Milton Keynes
Collapsible Scooters For Disabled said...
How To Know If You’re Prepared To Car Boot Mobility Scooters
Collapsible Scooters For Disabled
Www.Google.Co.Cr said...
This Is How Pragmatic Will Look In 10 Years’ Time ????? ?? ??? (http://Www.Google.Co.Cr)
http://polimentosroberto.com.br/ said...
5 Killer Quora Answers On Emergency Locksmith Service emergency locksmith
service (http://polimentosroberto.com.br/)
Over The Counter Adhd Medication For Adults said...
12 Facts About ADHD And Medication To Make You
Look Smart Around The Cooler Water Cooler Over The Counter Adhd Medication For Adults
Private Adhd Assessment Peterborough said...
The No. 1 Question That Anyone Working In Private ADHD Should Be
Able Answer Private Adhd Assessment Peterborough
odds ???????? ?? said...
“4??????????2015?… ???????????????????–????????????????? ?82? ??????? ?????????.????????.?????????????”.????????????????? ??????? ?????1??????????? “?????????????1-3??????????????
portable Folding scooters said...
Your Family Will Be Grateful For Getting This Easy-To-Use Mobility Scooters portable Folding scooters
automatic Folding mobility scooters said...
Learn To Communicate Lightest Automatic Folding
Mobility Scooter To Your Boss automatic Folding mobility scooters
Repair Upvc window said...
“Ask Me Anything,” 10 Answers To Your Questions About Upvc Windows Repair Repair Upvc window
bean to cup Coffee Machine which said...
15 Reasons You Shouldn’t Overlook Bean To Coffee
Machine bean to cup Coffee Machine which
toto Online Terbaik said...
Are You Responsible For A Toto4d Budget? 12 Tips On How To Spend Your Money toto Online Terbaik
biofuel fireplace said...
A Step-By Step Guide For Choosing The Right Biofuel For Fireplace biofuel fireplace
french Door fridge costco said...
10 Tips For Quickly Getting French Door Refrigerator With
Ice Maker french Door fridge costco
replacement Key for audi a4 said...
A Brief History Of The Evolution Of Replacement Key For Audi replacement Key for audi a4
images.google.ms said...
What’s The Job Market For Key Programming Car
Professionals? Key programming car – images.google.ms –
Verlene said...
Many Illinois workers were exposed to asbestos lawsuit, Verlene, during oil refining, construction, farming and power production. These
workers could be eligible for mesothelioma lawsuits based on the state’s implied warranty laws.
livebookmark.Stream said...
10 Things You’ve Learned In Preschool That’ll Help You Understand Male Wanking Toys best thrusting masturbator [livebookmark.Stream]
American Fridge Freezer With Ice Maker said...
The 10 Most Terrifying Things About Best American Style Fridge Freezer American Fridge Freezer With Ice Maker
Window Sealant repair near me said...
What’s The Job Market For Window Sealant Repair Near Me Professionals?
Window Sealant repair near me
Miquel said...
10 Amazing Graphics About Small Espresso Machine best small espresso machine (Miquel)
http://www.stes.tyc.edu.tw/xoops/modules/profile/userinfo.php?uid=1687811 said...
Do You Think Womens Vibrating Panty Be The Next Supreme Ruler Of The World?
vibrator in pant (http://www.stes.tyc.edu.tw/xoops/modules/profile/userinfo.php?uid=1687811)
Rozella said...
A reputable mesothelioma law company offers free assessment of cases to determine if you are eligible for compensation. The top mesothelioma lawyers also work on a contingent basis.
Also visit my blog post – asbestos claim (Rozella)
adhd Assessment private cost said...
10 Quick Tips For Private Testing For ADHD adhd Assessment private cost
WilliamTuh said...
??? ???????? ???????? ? ???????? ????????? ?? chevrolet cruze ????????? ?????????? ? ??????
Repair Upvc Windows said...
Why You Should Concentrate On Enhancing Upvc Windows Repair Repair Upvc Windows
ai-db.science said...
How To Explain Mesothelioma Claim To A Five-Year-Old mesothelioma law [ai-db.science]
Tereasa Mcluckie said...
I’m amazed by the depth and breadth of The knowledge. Thanks for sharing!
Jogging Strollers said...
Ten Things You Learned About Kindergarden To Help You Get Started With Double Stroller Jogging Strollers