Skip to main content

Simple Steps in taking a leap in your business



The desire of every business person is to achieve success and make profit. But few actually achieve that feat. So how can you get the need leap needed to spur your business to the next level? Below are important tips for running a successful business:

·         Be open to new and innovative ideas. If you find yourself saying the dreaded words “that’s the way we have always done it and that’s the way we are going to keep doing it”, perhaps you are not as flexible and open as you could be.  And idea that could earn you a lot of money may be in the head of a friend or your employee who feels that you would not be receptive if he/she voiced his suggestion.  Encourage innovative and open thinking.

·         Be completely honest and ethical in every dealing that you have. It is important that you are able to walk down the street with your head held high. Being completely honest and ethical in all aspects of your business transaction will attract a lot of customers to you and definitely take your business to greater heights.

·         Take time out to relax and recharge yourself for optimum performance. You don’t get a medal if you work non-stop for ten years. Rather, you get hardened arteries, ulcers and a sore back. It is not all about money; it is about taking time for you.  It is a time to eat well, catch up with the friends that you are always too busy to see, throw the dog a Frisbee, see a movie, go fishing or just catch up on missed sleep. It will do your thinking head a lot of good by the time you get back to business.

Comments

Anonymous said…
I was looking for tips on managing a small business, read and blog. Thank you for the information

Popular posts from this blog

Performance Measurement and Reward System

As the global war for talent grows increasingly fierce, management of people is a key concern among organisations.  Once thought primarily in terms of cost, people in successful companies are being valued as rich sources of talent, skill and diversity, which are critical to the success of the organisation. Managers have identified the shortage of skills as one of the main threat to prospect of growth; they are devoting a greater share of resources to protecting themselves.  For this reason, the role of human resource in an organisation has been and continues to be scrutinized in terms of how it can add most value with the rest of the organisation, helping to overcome the challenges adherent in the people agenda. In defining performance measurement, Dessler states that it “means evaluating an employee’s current or past performance relative to the person’s performance standards”.  This entails evaluation or assessment of the actual p...

INTERNAL PROMOTION AND SUCCESSION PLANNING

Promotion comes as a result of ones performance on the job over a period of time, or it could be said to be an advancement in ones profession. Succession on the other hand is a shift in position as a result of promotion, transfer, retirement or death of others. It could be as well a change in policy of an organisation leading to reorganisation of operations and human resources. Getting succession right is vital. There are two approaches that can be used at different times to ensure success. The internal selection approach advocates choosing successors from within, to ensure a smooth transition, preserve company values, and encourage employees by showing a potential career path. Most organisations struggle with how to turn succession into success. It is necessary to use either internal selection or the Darwinian approach at different levels or at different times. For example, a high percentage (80%) of senior roles may be internally appointed, while junior roles are sel...

Future Trends and Techniques in Segmentation

Segmentation consists of group of buyers or a process of identifying groups of buyers who share similar set of need and wants.  It is the breakdown of the market for a particular product or service into segments of customers, which differs in terms of needs, wants, lifestyle, religion, income level, gender, buying process etc, and their response to marketing strategies. Today’s organisations need fresh thinking on how to operate and compete in the new economy characterised by hypercompetition, customization and digitalisation. An organisation cannot serve all the consumers in the entire market, the consumers are too many and are too diverse in their buying process.  An organisation therefore, needs to identify the market segment(s) it can best serve. Organisations been aware of these facts has been segmenting their products offerings to target a particular segment(s) of the market rather than using the old method of mass-marketing.  ...