Business Blog

Business Growth Acceleration Tool #2: Business Growth Indicators

It is important to have a series of numbers you are always measuring in your business that tell you if your efforts are achieving what you’re looking to achieve. Reviewing these on a monthly basis gives you a snapshot of the health of your business, but also give you key information about whether what you’re spending your time on is worthwhile or not. If you can see numbers going up in the way you want, then you know the things you are doing are working and therefore it is worthwhile doing more of it. If the numbers aren’t going up then it also tells you that you might be wasting your time on some activities.

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Business Growth Acceleration Tool #1: ACCOUNTABILITY

Accountability is all about ACTION. It drives the learning and action cycle and when sustained over time creates change.
By having someone or something check in that action has been taken as agreed ensures progress. So just the simple act of telling your plan to another person raises the stakes. Making your commitments public draws your attention to it and reinforces its importance.
Being held accountable empowers the change you want to make. Accountability can provide the means for change and creates a great opportunity to acknowledge how you succeed. The structure of an accountability partnership in some way helps to get into action and stay in action to achieve goals.

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The importance of strategy if you want success in the next 12 months

The importance of strategy if you want success in the next 12 months

The idea behind strategy is to take considered and purposeful action. It’s all too easy to end up as a busy fool, diving straight in to business delivery activity because it makes us feel like we’re doing something, but ultimately not achieving the results we want. We would strongly recommend putting the time aside to develop your strategy for the year if you want to make real purposeful progress towards achieving your business vision.

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The vital (and often missed) step to continuous business improvement and success as a SME Business Owner

If you want to be the best you can be and build the best business you can, then the “review” is an essential part of your development process.

As a SME Business Owner, reviewing your own performance, reviewing how your business is doing overall, as well as in the different functions, and reviewing your teams’ performance (overall and as individuals) are all vital to success.

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7 “Do’s” and “Don’ts” to ensure your networking generates a return on investment

Networking has a number of purposes so the possible positive outcomes can be varied.

It can be a great way to:

– Meet potential partners who can help you accelerate your business
– Find clients either through direct contact or through referral.
– Do market research and test your ideas
– Find your own suppliers
– To get out of isolation and mix with other business people
– Find advice and support

There are the less tangible benefits of networking that can make it worthwhile no matter what but if ultimately you are looking to increase leads and sales, then if you don’t put some thought into your networking strategy and approach it in the right way to achieve these tangible outcomes, it can result in a big waste of time . And if it isn’t at least paying for itself, a waste of money!

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What knowledge do you need to keep ahead of your competition?

Knowledge is a key component in the sales and marketing framework of any business. These days, the majority of businesses operate in an extremely competitive and crowded market, and staying ahead of your competitors can be a major challenge. The more knowledgeable you are in your own field, and the more knowledgeable you are about your customers’, their needs and the problems you solve for them, the greater the edge this can give you over your competitors.

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