Be Strategic Not Knee Jerk

There is no substitute for a focused strategic approach to growing your business.  Consider these questions:

Are you following the same procedures in your business repeatedly without assessing their effectiveness?

Do you find yourself buried in daily activities that rob you of the time to brainstorm and implement new strategies?

Are you seeing a 30% or more increase in revenues and why?

Do you know who your most lucrative clients or customers are and where and how they find you?

Every business owner should have answers to these questions. Moreover, giving thought to them motivates strategic thought. The position of your business at any momemt can be tied to the thought out strategies implemented in the past.

Take A Surgical Knife To Waste

Now is the time to seriously examine how we spend our time. Every moment should be devoted to getting, tracking, courting new customers and reestablishing relationships with past customers. Any activity that cannot be accounted for should be removed. So many are engaged in busy action but cannot say where their best customers are and how to reach them. Finding out is an activity worth your time and effort.

Getting Advice Is Smart Strategy For Start-Ups

Entrepreneurs are independent individualists. Understandably, we prefer to make decisions according to our beliefs and instincts.  This is not an indication of recklessness or foolish actions. Successful entrepreneurs give great thought to business strategies. However, good consistent advice from an independent, trusted mentor/coach provides valuable insight.  It allows the individual to step back and hear alternate perspectives. This process is always revealing and refreshing and leads to great advancement of thought and feelings. I find that one aha moment propels me forward and results in achievement and breakthrough.  A good mentor/coach helps to remove mental obstructions and obstacles and creates a clear path. It frees from ambiguous visions and goals. To learn more see http://www.thegrowthcoach.com.

Starting a business requires a special kind of guts. I mean, we are considered crazy and delusional. Yet much points to entrepreneurship as rising out of the ashes of massive layoffs. States and cities report sharp increase in the number of new business.  It’s the quite emergence of a class of people ascribed to free enterprise and the new capitalism. This is the age of small or micro businesses that will impact our economy for some time.  Many entrepreneurs languished in large organizations, unwilling to risk the wonderful benefits and perks. I am one who found I was suddenly removed from my well paying management level position. It was the opportunity for me to to forge my way. I no longer wish to be vulnerable to an organization’s financial status.  I strongly believe that entrepreneurship is a powerful weapon for creating wealth for individuals. Entrepreneurs are a unique blend of bravado and risk taking but we are not crazy. We know the path on which we tread and do so without regret. Yes, many begin this journey and then retreat for legitimate reasons. However, the latent entrepreneurial bug remains and will emerge again.

Do Good Ideas Spawn Successful Businesses?

Do Good Ideas Spawn Successful Businesses?

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Think About It

An idea requires vigorous review and processing to measure its viability. A moderate amount of enthusiasm about your idea is very normal.  I have so many swirling around my brain. I am always discovering news ones and strategizing about implementation. But ideas may never become a functioning business unless given prudent thought, judicious review and consideration. Guess what? After that they should be reviewed and considered even more.  I suggest writing your ideas as you receive them. I keep a notebook handy to record my ideas.  I often write a summary of the tenets of my idea. I identify all variations and ways they can be implemented and identify the good and negative.  A realistic perspective is critical. Know whether your idea is feasible and worth further exploration.  When you complete this analysis, prepare to launch the idea. Make your idea a reality. It may be path to financial independence and the life you dictate. Here’s to great ideas!

 

Wow! More and More Entrepreneurs Making the Leap

According to Business Week, The New York Times and many media publications report that there is a increase in  businesses started by those laid off because of the economic downturn. This environment is driving innovation and creativity as individuals realize an opportunity to live their dream of entrepreneurship. They realize that the  concept of security through working for someone else is no longer reality. These emerging entrepreneurs  stealthily graced the halls of major and small corporations and are revealing themselves in droves. In the heart of so many is the burning desire to create a legacy of financial independence that most often happens through business ownership. More millionaires are created from business ownership than any other activity. Yes, business ownership represents working hard and long but the rewards both tangible and intangible are worth the effort.  If you are thinking about starting your business, do not delay. This is a good time to do so. Start planning and strategizing. Allow your imagination to become reality.

Laid Off but Making My Own Work

The momentum is building! Entrepreneurs are emerging from the corporate halls to make their own work. By necessity, you are plunging into the nail biting world of self-employment. You may never return to work for someone else. You may grow to cherish the independence and joys of kissing your boss adieu and charting our own course. I am very sure you would not have chosen the heart wrenching experience of layoff and job loss but now is the time to try making that idea a viable business. Inside of you there is an idea, a concept, a venture that warrants exploration. While you seek another position, consider testing that idea.

Now Is The Time To Launch that Business Idea

We dream of finding our destiny. We want to escape the drudgery of working for someone else and using our talents for their advancement. Massive layoffs have created an entrepreneurial fervor because of the scarcity of jobs. As a result former employees are becoming self-employed – in essence creating their own jobs for revenue and survival. If you have a great idea for a business this is a good time to explore it.  Using the internet you can market your ideas and find resources for networking and support.  This may be your moment to launch that idea. If you are out of a job or worried about a layoff start to explore the ideas swirling in your brain. Record them on paper and begin to build a plan to bring idea your ideas to fruition.