Most Business Owners want a successful business. But the path to success has many obstacles – in fact 8 out of 10 businesses will ultimately FAIL.
If you want your business to survive then follow these 10 essentials for business success!
Decide who’s really ultimately in charge in times of crisis because “shared responsibility is no responsibility”.
Business relies on strong, decisive leadership.
Work out who is responsible for what. (Decide the Roles)
Be really clear about the roles and responsibilities within your company and articulate your vision.
Start with an updated Org Chart, Job Descriptions, revisit your Vision, Mission and Values.
Focus on Just ONE or TWO Challenges at a time.
It’s really important to focus on the direction of your business, with special attention given to the FINANCIAL side of the business. Make a Plan and Prioritise. Try Liveplan
Prior preparation prevents a pretty poor performance!
Any planning helps – tax plans, cashflow plans, sales plans, marketing plans, biz plans. even a TO DO LIST helps!
Get clear on the plan.
‘Systemize the routine; humanize the exception’ – says FedEx founder Fred Smith.
Read this blog on Basic Business Systems & Processes
also Have a look at Waywedo – a systemising program
Make sure you offer cutting-edge customer service, even during crisis.
Aim for continuous improvement.
Survey people and ask for their ideas.
Spend more time THINKING about various ways to be different, innovative, creative and exclusive.
Try SSS – Some stillness, Silence and Solitude. Meditation and Mindfulness helps.
Learn to take action right now!
Implement, try and fail and try again. Just DO IT!
Build great rapport and long term relationships by doing that little bit extra.
Think of the future benefits of great relationships – not short-term wins.