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
8,387 Responses to “Make your business THRIVE in 2014 Part 2”
ScottyDed said...
????? ???????? https://dostavka-alkogolya-moskva-world-1.ru/
sitiosecuador.com said...
15 Terms That Everyone In The Treadmill Incline Foldable Industry Should Know why is Incline Treadmill good (sitiosecuador.com)
Tracee said...
You’ll Never Be Able To Figure Out This Large
2 Seater Fabric Sofa’s Tricks large 2 seater fabric sofa (Tracee)
???? ????? said...
Where Can You Get The Most Effective Pragmatic Genuine
Information? ???? ?????
?????? ??????? ????? ? ??? said...
???? ?? ?????? ??? ??????????????? ???????? ???????, ???????? ???????? – ?????? ???????? ??????? ???
electric wall mount Fireplaces said...
14 Misconceptions Common To Wall Mount Electric Fireplaces electric wall mount Fireplaces
Replica Sneakers for women said...
Replica Sneakers for women ls831
Replica Sneakers for women,
Replica Sneakers Dirty White ui464
Sofas On Sale Uk said...
Its History Of Second Hand Couches For Sale Sofas On Sale Uk
Nilda said...
You’ll Never Be Able To Figure Out This Handles And Hinges’s Secrets patio door handle locks (Nilda)
seat leon key Replacement said...
10 Fundamentals Regarding Seat Car Key Replacement
You Didn’t Learn At School seat leon key Replacement
retro fridges and freezers said...
What You Must Forget About Improving Your Retro Fridges Freezers retro fridges and freezers
Te.Legra.Ph said...
Tier 2 Backlink Techniques To Simplify Your Daily Life Tier 2 Backlink
Trick That Should Be Used By Everyone Be Able To Backlink Tier (Te.Legra.Ph)
Http://Wuyuebanzou.Com/Home.Php?Mod=Space&Uid=1018863 said...
Ten Things Your Competitors Teach You About How To Diagnosis
ADHD Adult Adhd Diagnosis Uk (http://Wuyuebanzou.Com/Home.Php?Mod=Space&Uid=1018863)
window Handle replacements said...
Buzzwords De-Buzzed: 10 Alternative Methods To Say Window Handle Replacement
window Handle replacements
Replacement Audi Key Fob said...
You’ll Be Unable To Guess Audi A3 Replacement Key’s Secrets Replacement Audi Key Fob
case battle simulator said...
Is Tech Making Case Battle Better Or Worse?
case battle simulator
mini Cooper S key Replacement said...
5 Mini Replacement Key Fob Lessons Learned From Professionals mini Cooper S key Replacement
https://www.google.com.ai/url?q=https://fakenews.win/wiki/it_is_the_history_of_fire_suite_electric_in_10_milestones said...
15 Of The Top Suite Electric Fireplace Bloggers You Must Follow built in electric fireplace with
mantel, https://www.google.com.ai/url?q=https://fakenews.win/wiki/it_is_the_history_of_fire_suite_electric_in_10_milestones,
Atomcraft.Ru said...
Guide To Organic Coffee Beans 1kg: The Intermediate Guide To Organic Coffee Beans
1kg Organic Coffee Beans 1Kg (Atomcraft.Ru)
https://qiziqarli.net said...
Why Electric Fireplace Suites Freestanding Is Fast Becoming The Trendiest Thing
In 2023 small electric fireplace with mantel (https://qiziqarli.net)
cabin beds single said...
7 Simple Changes That Will Make An Enormous Difference To
Your Mid Sleeper Cabin Beds cabin beds single
Esther said...
You’ll Be Unable To Guess Car Keys Repair Near Me’s Tricks keys repair
near me (Esther)
Bmw New Key said...
A Comprehensive Guide To Bmw Car Key Replacement. Ultimate Guide To Bmw Car
Key Replacement Bmw New Key
Adhd inattentive Type symptoms said...
You’ll Be Unable To Guess Adhd Symptoms In Women’s Tricks Adhd inattentive Type symptoms
car keys Toyota said...
What’s The Job Market For Car Keys Toyota Professionals Like?
car keys Toyota
infant carriages said...
This Is The Intermediate Guide On Baby Pram infant carriages
volvo S60 key said...
New And Innovative Concepts That Are Happening With Volvo Car Key Replacement volvo S60 key
Compact twin stroller said...
20 Questions You Must Always Have To Ask About Double Buggy From Birth Before You Buy
Double Buggy From Birth Compact twin stroller
Window Replacement Leeds said...
How To Save Money On Replacement Windows Leeds
Window Replacement Leeds
socdirectory.com said...
Five Killer Quora Answers To ADHD Private Assessment UK Adhd private assessment uk; socdirectory.com,
Pat said...
See What Pushchair Travel System Tricks The Celebs Are Making
Use Of pushchair travel system (Pat)
Audi Spare Keys said...
The Next Big Thing In Audi Spare Key Audi Spare Keys
maps.google.fr said...
This Is The Complete Listing Of Affordable Realistic Sex Dolls Dos And Don’ts
most realistic sex doll review (maps.google.fr)
Private adhd Assessment Middlesbrough said...
A Rewind: How People Talked About Private ADHD Clinic 20 Years Ago Private adhd Assessment Middlesbrough
Replacement car Keys Near me said...
10 Lexus Key Fob Replacement Near Me-Related Projects To
Stretch Your Creativity Replacement car Keys Near me
Audi a1 key replacement said...
See What Audi A1 Key Replacement Tricks The Celebs Are Using Audi a1 key replacement
Everette said...
Where Is Car Keys Repairs Be One Year From Right Now? keyless entry repair (Everette)
Door lock assembly repair said...
The Unspoken Secrets Of Mobile Car Door Lock Repair Door lock assembly repair
emergency car key repair said...
Introduction To The Intermediate Guide The Steps To Car
Key Repair emergency car key repair
upvc handle Window said...
20 Amazing Quotes About Upvc Window Locks upvc handle Window
Replica Sneakers for Men said...
Replica Sneakers kw066
Replica Sneakers for Men,Replica Sneakers for women ki638
stroller all-Terrain said...
You’ll Be Unable To Guess Stroller All-Terrain’s
Tricks stroller all-Terrain
anipi-italia.org said...
Ten Myths About Glass Pane Replacement That Aren’t Always True replacement glass [anipi-italia.org]
how to change the incline On a treadmill said...
Responsible For The Incline Treadmill Budget? 12 Best Ways To Spend
Your Money how to change the incline On a treadmill
aiwins.wiki said...
20 Myths About Fix Window Handle: Dispelled new upvc window
Handle (aiwins.wiki)
www.diggerslist.com said...
Why Small Electric Treadmill Is Relevant 2023 what Is best manual or electric treadmill, http://www.diggerslist.com,
audi key replacement cost said...
The Most Powerful Sources Of Inspiration Of Audi Car Key Replacement audi key replacement cost
automotive Lock smith near me said...
Local Auto Locksmith: The Ugly Facts About Local Auto Locksmith automotive Lock smith near me
replacement upvc door locks said...
10 Things That Your Family Taught You About New Upvc Door replacement upvc door locks
Olderworkers.Com.Au said...
You’ll Never Guess This Replacement Ferrari Key Uk’s Benefits
Replacement Ferrari Key Uk (Olderworkers.Com.Au)