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
8,383 Responses to “Make your business THRIVE in 2014 Part 2”
https://king-Wifi.win/Wiki/rosariomaher7929 said...
10 Things We All Hate About Pvc Window Hinges aluminium doors hinges (https://king-Wifi.win/Wiki/rosariomaher7929)
????? ?? said...
How To Explain Pragmatic Free Trial Slot Buff To Your Grandparents ????? ??
sofa u Shaped said...
What’s The Current Job Market For Sofa U Shaped Professionals?
sofa u Shaped
case opening battles said...
Case Opening Battles Tools To Improve Your Daily Life Case Opening Battles Trick That Should Be Used By Everyone
Be Able To case opening battles
Chiminea Modern said...
Take A Look At The Steve Jobs Of The Ceramic Chiminea Industry Chiminea Modern
Replica Sneakers for Men said...
Replica Sneakers for Men ca609
Replica Sneakers for Men,Replica Sneakers nz395
www.google.mn said...
The 10 Most Scariest Things About Curved Leather Sofa curved
leather sofa (http://www.google.mn)
Noe said...
The Biggest Problem With Bmw Replacment Key, And How You Can Repair It replacement bmw keys (Noe)
Alvaro said...
Nine Things That Your Parent Teach You About Lost Lexus Key Fob lexus
key – Alvaro,
treatment for add adhd in adults said...
Treating Adult ADD Tips From The Top In The Industry treatment for add adhd in adults
Jay said...
Why You’ll Need To Learn More About Mercedes Replacement Key replacement
mercedes keys [Jay]
Fabric 2 Seater Sofas said...
9 . What Your Parents Teach You About Fabric 2 Seater Sofas Fabric 2 Seater Sofas
window Doctor near me said...
5 Killer Quora Answers To Window Doctor Near Me window Doctor near me
home said...
Foldable Electric Treadmill Explained In Fewer Than 140 Characters home
Bioethanol Fireplace said...
Bioethanol Fires: 10 Things I’d Like To Have Known Earlier Bioethanol Fireplace
Chiminea Bbq said...
Five People You Need To Know In The Biggest Chiminea Industry Chiminea Bbq
situstoto slot said...
See What Situstoto Slot Tricks The Celebs Are Utilizing situstoto slot
Heidi said...
5 Common Phrases About Adult Adhd Assessments You Should
Stay Clear Of getting an adhd assessment uk (Heidi)
private Adhd Assessment chelmsford said...
Then You’ve Found Your Private ADHD Test … Now What? private Adhd Assessment chelmsford
JosephTeate said...
??????? ???????? http://shutki-anekdoty.ru/anekdoty.
private adhd assessment coventry said...
10 Of The Top Mobile Apps To ADHD Diagnosis UK Private private adhd assessment coventry
bifold Repairs near me said...
See What Bifold Repairs Near Me Tricks The Celebs Are Utilizing bifold Repairs near me
Lauren said...
A Guide To Fire Place For Media Wall From Start To Finish media cabinet with built in electric fireplace, Lauren,
Composite door replacement said...
What’s The Current Job Market For Composite Door Replacement
Keys Professionals? Composite door replacement
Linette said...
What’s The Current Job Market For Walking Machine For Desk Professionals Like?
walking machine for desk (Linette)
qiziqarli.net said...
Five Killer Quora Answers To Best Woodburners best Woodburner (qiziqarli.net)
Live Poker Online said...
Here is my web page: Live Poker Online
spawarka migomat bester said...
Things used to be like that, unfortunately different elements made sure they wouldnt stay that way. Congrats on the article
Fireplace Stove said...
Ten Things You’ve Learned In Kindergarden That’ll Help You With
Fireplace Fireplace Stove
Elise said...
9 Lessons Your Parents Taught You About Cheap Treadmill With Incline
Cheap treadmill with incline; Elise,
adult Adhd symptoms Women said...
10 Things That Your Family Taught You About
Adult ADHD Symptoms Women adult Adhd symptoms Women
upvc door Repairs Near me said...
Upvc Door Repairs Near Me Tools To Ease Your Daily Lifethe One Upvc Door
Repairs Near Me Trick That Every Person Must Be Able To upvc door Repairs Near me
togel Sydney said...
5 Reasons To Be An Online Situstoto Slot And 5 Reasons Why You Shouldn’t togel Sydney
togel4d login said...
You’ll Be Unable To Guess Togel4d Login’s Benefits togel4d login
private adhd assessment leeds cost said...
Why Private ADHD Medication Is Relevant 2023 private adhd assessment leeds cost
Window Repairs Near Me said...
What’s The Current Job Market For Double Glazed Window Repairs Near Me Professionals?
Window Repairs Near Me
Https://Opensourcebridge.science/ said...
The Hidden Secrets Of Folding Treadmills With Incline incline treadmill [https://Opensourcebridge.science/]
MichaelBeire said...
?????? ???????? http://shutki-anekdoty.ru/anekdoty.
https://get-social-now.com said...
One Key Trick Everybody Should Know The One Propane Chiminea Trick Every Person Should Be Aware
Of fire pits and chimineas (https://get-social-now.com)
most realistic Electric Fireplace With mantel said...
The Reasons Electric Fireplaces Suites Is Everywhere This Year most realistic Electric Fireplace With mantel
spawarka bester 210 said...
Your content is valid and informative in my personal opinion. You have really done a lot of research on this topic. Thanks for sharing it.
Private Adult Adhd Assessment said...
What’s The Current Job Market For Private Adult ADHD Assessment Professionals Like?
Private Adult Adhd Assessment
http://velo-Xachmas.com/index.php?subaction=userinfo&User=gripcrack3 said...
Unexpected Business Strategies That Helped Adhd Symptoms For Females Succeed female
symptoms of adhd (http://velo-Xachmas.com/index.php?subaction=userinfo&User=gripcrack3)
mystery box online Website said...
What’s Next In Online Mystery Boxes mystery box online Website
king sleeper sofa said...
11 Ways To Totally Defy Your Small Sleeper Sofa king sleeper sofa
Belinda said...
8 Tips To Improve Your Assessments For Adhd Game adhd assessment in uk (Belinda)
?? ???? said...
1948????23?????????????????????90%???????????????
????1948???????????????????????
???????? ????? said...
?????????????????????????????????????????????????????????????????????????????????? 2021???????2??????????????????????????10??????????????????????????????????????????????????????????? (2021?8?23?).
2021?8?23???? NHK??????? ??NHK??2000??????????2000?10?30??99??
?????? ?? said...
?????????????????????????????????????U-NEXT?2022?9?21????????????? (2022?9?8?).
2023?7?28???? Real Sound (2022?12?20?).
2022?12?20???? ??????????TSUTAYA??????????????????????????????????????????????????
https://articlescad.com said...
A Trip Back In Time The Conversations People Had About
Case Battle 20 Years Ago best case battle Sites (https://articlescad.com)