"I NEED HELP WITH MY BUSINESS"
I hear those words a lot, so you are not alone. Most successful entrepreneurs will tell you that they have had one or more businesses fail before their current one succeeded. However, it can still be a very disheartening ordeal to go through when your business is not living up to your expectations.
First of all, remove yourself from the equation, and look at your business objectively, as a case study. The joy of creating and growing a business is unlike any other. When your business is doing well, the feeling is exhilarating. On the other hand, if your business is failing, the feeling can be devastating. You feel like a failure yourself. This is not healthy for you or conducive to improving your business. Therefore, you must view your business as an independent entity, where its health is dependent on inputs and outputs.
Once you have removed yourself from the equation, take a look inside the business. You cannot save a sinking ship without pinpointing exactly where the hole is. Therefore, you must do the same with your failing business.
Like most challenges we face as business owners, the challenge of strategy comes down to one of focus. Not so much focus on achieving activities or doing so many things, but focus when it comes to understanding the key drivers that will propel your business forward.
The idea of this blog is not to provide a whole heap of business related jargon that will magically solve everything.
Often, business struggle because of a lack of direction. Too much emphasis on the here and now, and not planning for success.
Below are ten points that Strategic Management NZ recommends all business owners ask themselves:
1) CLEAN HOUSE
As we grow and develop, so do our values, goals and dreams. Take a fresh look at your list of goals. Do they reflect what you still want? Are they achievable? If not, it’s time to refine.
2) GET INVESTED
High performers have a deep emotional commitment to their goals. It becomes more of a need than a desire. Find that passion within yourself and take the next step.
3) BE DELIBERATE
Second-guessing decisions can cripple your productivity. Tomorrow, start your day with a list of tangible goals you want to achieve. Hold yourself accountable for wasted time.
4) STRESS LESS
Stress has a huge impact on your long-term health and on the health of your business. If you’re feeling overwhelmed, look for areas of your life that could be delegated or eliminated. Remember, you can’t do it all.
5) CHASE FULFILLMENT
What are you working toward? Money, power, status? Those will never bring sustained happiness. Find your larger why and chase it.
Success lies at the intersection of passion, purpose and skill. Are you in the best position to succeed? Take some time to reflect on where you’ve been, where you are and where you see yourself going.
7) FIND FEEDBACK
We don’t always see ourselves as clearly as we could. This week, reach out to an expert and ask where they see opportunities for growth in your business.
Goals are only ideas until you clarify what you want. Write down, in detail, where you see yourself in a year and how to get there.
9) KEEP COUNT
This week, track your three most troublesome spending categories and mark where you can start cutting back. Does your spending match your values?
10) DREAM BIG
Success isn’t scarce. Give yourself permission to dream big and reach for your biggest goals. Often the biggest obstacle is our own fear of failure.
Or maybe you need some assistance in achieving one, or several of these steps. That’s where Strategic Management NZ comes in.
We are big believers that small business can have the efficiency and success of big business, within a small business budget. We have been able to illustrate this on many occasions and your business could be next.
We can help you grow or consolidate and look into the future for what could be achieved and assist you in developing your own journey of success. A strategic plan is not a daunting or time consuming document either. Our one-on-one workshops make the process very simple.
Book in for a complimentary consult with us. We can help you free up time and increase revenue – it’s a win win.
We’ll give your business processes and culture a free once over. To make sure you’re streamlined for success, we’ll be looking at areas you may be able to gain maximum efficiency. Whether it’s to outsource or delegate tasks such as sales, accounts, marketing, production, customer service, client management or lead generation, we will be able to suggest solutions to your challenges.
Free up your time to see what you do best, book today by contacting us here.