Journal quotidien finance-innovation daily news
Financial Year Financial Year

Journal quotidien Finyear : finance-innovation all the year

 
 
 


              



Business Growth: Where’s your focus?


I speak with business owners and executives on a weekly basis and I’ve found repeatedly that there are common characteristics that separate those who have a thriving business, from those who are merely surviving.



Shawn Casemore
Shawn Casemore
The key difference is in their ability to remain clear on the priorities that govern their focus, energy and time. The result of this focus is perpetual business growth.

Aside from dealing with unplanned challenges that can inevitably arise when running or managing a business, there are five areas that govern the focus of a successful business owner.

1.Business development: A perpetual focus on attracting new “qualified” customers.
2.Customer value: Identification and pursuit of ideas that add value to customers businesses and personal lives.
3.Employee empowerment: Continuous identification, development and expansion of employees responsibilities.
4.Business improvement: Pursuit of ideas, technology and equipment that support business improvement and profitability.
5.Growth and expansion: Identification and introduction of means to grow organically, or through acquired means.

If you own or manage a business, consider how much time and energy you invest each of these five areas. How can you shift your focus for a more successful business? Here are five steps:

1. Take a few moments to note as many ideas as you have under each of these five areas.

2. Prioritize this list by action item (disregard category). For example if under “Business development” you noted that calling existing customers and asking for a referral is a top priority, then this would become focus area number one.

3. Block 30 minutes each day in your calendar to take action on your top three to five priorities, depending on how extensive or complex the priority is. For example, calling customers would be considerably less time consuming than looking for business acquisitions, hence the former might be scheduled Monday, whereas the later might be scheduled for 30 minutes on Tuesday and Thursday.

4. Commit to the time and consider it sacrosanct. The only way to take constant and meaningful action towards your priorities is to dedicate uninterrupted time. I’ve been “secretly” writing my book (more information on this to be available in the coming months), and I’ve found repeatedly that the only way to ensure I write consistently is to block the time and treat it as if it was time spent with a client.

5. Reassess your progress weekly. You need to take time periodically to reassess your priorities and your progress. I find that taking 15 minutes Friday afternoon to do this is the best way to ensure you can hit the ground running come Monday morning.

I’m a firm believe that virtually any business can be successful and thriving as long as the owner or president is clear on their priorities and dedicates sufficient time to move them forward consistently.


Les médias du groupe Finyear

Chaque jour (5j/7) lisez gratuitement :

Le quotidien Finyear :
- Finyear Quotidien

La newsletter quotidienne :
- Finyear Newsletter
Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises de la finance d’entreprise et de la finance d'affaires.

Chaque mois lisez gratuitement :

Le magazine digital :
- Finyear Magazine

Les 6 lettres digitales :
- Le Directeur Financier
- Le Trésorier
- Le Credit Manager
- Le Capital Investisseur
- GRC Manager
- Le Contrôleur de Gestion (PROJET 2014)

Un seul formulaire d'abonnement pour recevoir un avis de publication pour une ou plusieurs lettres

Lundi 2 Juin 2014
Notez


Nouveau commentaire :
Twitter

Your email address will not be published. Required fields are marked *
Votre adresse de messagerie ne sera pas publiée. Les champs obligatoires sont indiqués avec *

Les derniers articles publiés sur Finyear



Blockchain Daily News


Actus Nasdaq