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

8,433 Responses to “Make your business THRIVE in 2014 Part 2”

  1. ?????????? ? ???? said...

    ???????? ?????? ???????? ?????? ?????? ????? ? ?????????? ????????? ??????? – ??????? ?????????? ??????

  2. best Travel Pram said...

    Getting Tired Of Travel Pram? 10 Inspirational Sources
    To Revive Your Love For Travel Pram best Travel Pram

  3. Williamabash said...

    ?????? EasyDrop ?????????? ??????? ?????????? ??????????? ?? ?????? ???????? ???????????? ????? ??? CS2, ????????? ?????, ?? ? ????????? ???????? ????????? ??????? ??????????. ?????? ???????????? ????? ??????????????? ???????????, ??????? ???? ??????????? ???????? ?? 40% ? ???????? ?? ??? ???? ??? ?????????? ?????, ????????? – https://t.me/easydrop_prom

  4. snab-e.ru.byjeanne.com said...

    Feel free to visit my web-site snab-e.ru.byjeanne.com

  5. item Upgrader said...

    Item Upgrader Tools To Ease Your Everyday Lifethe Only Item Upgrader Trick Every Person Should Learn item Upgrader

  6. Meredith said...

    The People Closest To Situstoto Slot Uncover Big
    Secrets togel hongkong (Meredith)

  7. Marco said...

    Ten Easy Steps To Launch Your Own Depression And Symptoms Business signs of depression in adults (Marco)

  8. Bandar Toto said...

    You’ll Never Guess This Bandar Toto’s Tricks Bandar Toto

  9. Private Adult adhd Assessment belfast said...

    9 Lessons Your Parents Taught You About ADHD Private Assessment
    Private Adult adhd Assessment belfast

  10. Discounted Gadgets said...

    You’re so cool! I don’t suppose I’ve truly read anything like that before. So nice to find somebody with some original thoughts on this subject matter. Really.. thank you for starting this up. This site is something that is needed on the internet, someone with a little originality.

  11. Coffee Machines Makes said...

    History Of Coffee Machine Pod: The History Of Coffee Machine Pod Coffee Machines Makes

  12. lexus key Remote said...

    A Journey Back In Time: How People Talked About Lexus Key Shell 20 Years Ago lexus key Remote

  13. situs terpercaya said...

    5 Killer Quora Answers On Situs Terpercaya situs terpercaya

  14. Wine coolers and refrigerators said...

    See What Wine Coolers And Refrigerators Tricks The Celebs Are Using
    Wine coolers and refrigerators

  15. asbestos Law said...

    When choosing an asbestos Law lawyer to represent
    you, it’s recommended to choose a lawyer who is specialized in mesothelioma and has experience with national cases.

  16. Nona said...

    Why Roasted Arabica Coffee Beans Is Fast Increasing To Be The Most Popular Trend In 2024 high-quality
    arabica coffee beans (Nona)

  17. Mohammad said...

    Everything You Need To Be Aware Of Adults ADHD Test adult
    add adhd test [Mohammad]

  18. gumtree French Door Fridge said...

    10 Healthy French Door Fridge Ice Dispenser Habits gumtree French Door Fridge

  19. Betsey said...

    We’ve Had Enough! 15 Things About Upvc Door With Side
    Panel We’re Tired Of Hearing upvc side panels (Betsey)

  20. mens aex toys said...

    A Proactive Rant About Best Sex Toys For Men mens aex toys

  21. coffee machines Best said...

    What’s The Current Job Market For Coffee Machines Best Professionals Like?
    coffee machines Best

  22. online dispensary that ships to all states said...

    When I initially left a comment I appear to have clicked on the -Notify me when new comments are added- checkbox and now each time a comment is added I receive four emails with the same comment. Perhaps there is a way you can remove me from that service? Cheers.

  23. https://Bookmarkingbay.com/ said...

    The Biggest “Myths” About L Shaped Couch Could Actually Be Accurate small l shaped Couch (https://Bookmarkingbay.com/)

  24. mesothelioma case said...

    Mesothelioma Lawyer Explained In Less Than 140 Characters mesothelioma case

  25. Antonia said...

    What’s The Job Market For Treadmill Fold Flat Professionals?
    treadmill fold flat (Antonia)

  26. double Glazing repairs said...

    15 Top Repair Double Glazing Bloggers You Should Follow double Glazing repairs

  27. best american fridge freezers said...

    Best American Fridge Freezers Techniques To Simplify Your Daily Lifethe
    One Best American Fridge Freezers Technique Every Person Needs To Know
    best american fridge freezers

  28. Mock Sash Upvc Windows said...

    10 Healthy Double Glazed Sash Window Habits Mock Sash Upvc Windows

  29. porn said...

    Make your business THRIVE in 2014 Part 2 | MyBusinessDevelopmentAcademy.com

    https://iogko.net/uncategorized/hello-world/admin/

  30. Does Peloton Treadmill Have Incline said...

    How To Outsmart Your Boss On Treadmill Foldable Incline Does Peloton Treadmill Have Incline

  31. glaziers birmingham said...

    For Whom Is Double Glazed Window Birmingham And Why You Should Be Concerned glaziers birmingham

  32. www.lazer888.org said...

    When I originally left a comment I seem to have clicked on the -Notify me when new comments are added- checkbox and from now on whenever a comment is added I recieve four emails with the same comment. There has to be a means you are able to remove me from that service? Appreciate it.

  33. Claudemum said...

    friends

  34. 3 wheel stroller cheap said...

    5 Killer Quora Answers On 3 Wheel Stroller Cheap 3 wheel stroller cheap

  35. bi-fold Door Repair said...

    15 Presents For Your Bi Folding Door Repair Lover In Your Life bi-fold Door Repair

  36. Wine cooler And fridge said...

    Guide To Wine Cooler And Fridge: The Intermediate Guide To Wine Cooler And
    Fridge Wine cooler And fridge

  37. ???? ???? ??? said...

    Who Should Fc Barcelona Play Their Particular Left Midfield Slot ???? ???? ???

  38. BessieSiT said...

    ??????? ??????? ??? ???????? ????????????????? ?????? ????, ??? ???????? ?? ????????? ???? ???????????. ?? ????????? ?? ?????? ? ???????, ?? ????? ? ???????????? ????????? ?????? ?????, ????????? ????????? ? ??????????? ?????.
    ???????? ?????? ?????????? – [url=https://xn—-7sbbtpbjmlmmiqgp2d.xn--p1ai/]????? ?? ????? ???????? ????????[/url]

  39. Winnieemifs said...

    ?????????????? ?????? ??? ????? ????????????? ??????????? ????????? ??????????? ????????? ? ????? ????? ?????. ???? ?????? ???????? ?????? ??????, ????????? ????????? ???????? ????? ????? ??????????, ?????? ???????? ?????????????. ????? ?? ????? ?? ???? – ??????? ? ??????????? ?????, ??????????? ???????? ??????????? ???? ????????? ? ????????? ??????????.
    ??????????? ?????? ????????? – [url=https://xn—-7sbbtpbjmlmmiqgp2d.xn--p1ai/vivod-iz-zapoya-v-kruglosutochno-v-Ekaterinburge/]????? ?? ????? ?? ???? ????????????? ?????[/url]

  40. Kevinunofe said...

    ???? ????????? ?? ????? ?? ???? ????? ?????????? ? ????????? ?? 4000 ?? 18 000 ??????. ?????? ????? ????????????? ???????? ??????????? ?????? ???????? ? ????????? ???????? ??????????, ??? ????? ???? ????????????. ???????? ??????? ?????? ???????? ?????? ? ?????? ?????????, ??????? ???????? ?????? ?????????? ? ?????????? ??????? ????????.
    ????????? ??? – [url=https://xn—-7sbbtpbjmlmmiqgp2d.xn--p1ai/vivod-iz-zapoya-cena-v-Ekaterinburge/]????? ?? ????? ???? ???????? ???[/url]

  41. KellyEmosy said...

    ??????????? ????? ???????????? ????? ????????? ?????????, ????????? ????????????????? ???????????? ?????????????. ???????????? ??????? ???????? ??????????? ???????? ??? ???????????? ? ??????????? ?????? ?? ?????, ???????? ? ??????? ??????? ????????????. ? ???? ?????? ?? ???????? ?????????? ??????? ????????????? ???????, ??? ???????????, ???????? ? ???? ????????? ? ?????????????? ?????????.
    ???????? ?????? ?????????? – [url=https://xn—-7sbbtpbjmlmmiqgp2d.xn--p1ai/vivod-iz-zapoya-v-stacionare-v-Ekaterinburge/]????? ?? ????? ? ?????????? ? ??????[/url]

  42. Asbestos Lawsuits said...

    24 Hours For Improving Asbestos Attorney Mesothelioma Asbestos Lawsuits

  43. RobertMop said...

    Jozz

  44. GeraldKap said...

    Selector

  45. ??????? ?????????? ?????? said...

    ???????? ?????? ???????? ?????? ?????? ????? ? ?????????? ????????? ??????? – ?????????? ? ????

  46. Treadmill said...

    Guide To Treadmills For Home: The Intermediate Guide The Steps To Treadmills For Home Treadmill

  47. tubidy mp3 said...

    I seriously love your blog.. Pleasant colors & theme. Did you build this site yourself? Please reply back as I’m looking to create my very own blog and want to know where you got this from or what the theme is named. Thanks!

Add a Comment