There’s a cost each entrepreneur pays for doing business in today’s marketplace. There is an emotional, physical, financial, and spiritually price paid for the success you achieve. To maximize the return on your valuable resource investment of time, money, and energy, shift from building to growing your business with these ten strategies.
1. Clear your calendar of all projects or commitments that pull you off track.
We live and work in an information-rich environment. In fact, did you know the equivalent amount of information housed by the Library of Congress is duplicated every 15 minutes? This hyper -informational environment causes loss of focus, especially in the absence of a plan.
2. Eliminate all sources of delay.
We work in an ‘instant society’. Clients want what they want when they want it. Plus, if you’re not out ahead of the crowd, you can soon be trampled by the competition. Any sources of delay – including your suppliers – are necessary to get rid of.
3. Stop doing what’s not working.
You’ve heard the definition of insanity, right? It’s doing the same thing and expecting different results. Although we’ve familiar with this well-known saying, it doesn’t seem to stop entrepreneurs from continuing to execute on strategies that STILL aren’t working.
4. Put yourself and your needs first.
The airlines have the right idea when they request you put on your oxygen mask first. As entrepreneurs, you’re no different. Although you may think you’re doing the right thing by putting your client needs before your own, ultimately the client deliverables suffer.
5. Find the exact type of work and market that makes you feel good emotionally, intellectually, and spiritually. The most exciting aspect of today’s business environment is the ability to customize your business to fit your talents, values and strengths. Your performance spikes when you’re doing work you love.
6. Be specific about what you want to accomplish.
“Make more money” or “grow my business” are both nice goals to have although both are too general. You never really know when you’ve achieved goals that lack precision.
7. Create a concise plan for achieving your goals.
Without a crisp, clear map to direct your efforts, you’ll be like a cork on water floating where the wind takes you instead of where you want to go.
8. Create a network of 1000 people who respect what you do.
Your business can’t grow in a vacuum. The more people know about you and respect your work, the easier it is to create the critical mass needed to fast forward your business growth.
9. Serve your customers in new and innovative ways.
You need to be daring and be different in order to stand out in the world of business today. It’s work the perceived risk and your customers will ‘thank you’ for it.
10. Hire a business coach.
Although this sounds a little self-serving, even a good business coach has a good business coach. Business is too complex today to grow it alone.
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