18. Dedication to Current TechnologySuccessful companies embrace technology as it evolves. New technology holds the promise of improving the customer experience, which should always be a business priority. Improved customer experience: Technology advancements often lead to innovative solutions that enhance the...
17. Collaborative, Inclusive Corporate CultureCulture is like a company’s oxygen; you can’t see it, but you know it’s there, and it’s crucial. Culture consists of a dozen or more things, including a company’s norms, practices, values, attitudes and behaviors. Collaboration: A...
16. A Clear Vision Vision is the rail on which a company runs. It guides people from those in upper management to those in entry-level jobs. More than a purpose, vision defines a company’s purpose and pride. It serves as a...
15 BE PROFESSIONALBeing professional in your business interactions and operations is crucial for building trust, credibility, and long-term relationships with customers, partners, and stakeholders. Here are some key aspects to focus on. Communication: Communicate clearly, concisely, and respectfully in all your...
14. DELEGATE AS MUCH AS YOU CANDelegating tasks and leveraging automation tools can indeed help entrepreneurs optimize their time and focus on high-value activities. Identify Tasks for Delegation: Review your daily, weekly, and monthly tasks to identify activities that can be...
Schedule Regular Review Sessions: Set a schedule for reviewing your plans at regular intervals, such as monthly, quarterly, or annually. This allows you to consistently evaluate your progress and make adjustments as needed. Gather Feedback: Seek feedback from key stakeholders, team...
Have a Introduction and a Purpose in your written planProvide a brief overview of the business and its core values.State the purpose of the written plan, which is to outline the path towards achieving our goals and milestones. Vision and Mission:Clearly...
Specific: Goals should be specific and clearly defined. Vague or ambiguous goals make it difficult to determine what needs to be accomplished. Specific goals answer the questions of who, what, where, when, and why. For example, instead of setting a goal...
Risk Evaluation: By considering the potential negative consequences, you can evaluate the severity and likelihood of each risk. This helps you prioritize and focus on the risks that have the greatest potential impact on your business. Risk Mitigation: Understanding the downside...
9 ANALYZE YOUR COMPETITORSIdentify your competitors: Start by identifying who your direct and indirect competitors are. Direct competitors offer similar products or services to the same target market, while indirect competitors may provide alternative solutions to the same customer needs. Research...
