If you’re looking for ways to improve your business’ performance, there are various strategies that will help you achieve your goals in each quarter. Here are ten different ways you can improve your business’ performance.
Time is the scarcest resource, and biggest killer, for most businesses. When we get busy, we can also get distracted and focus too much time and energy on the wrong things. Be brave – slash standard meeting times, reduce unnecessary administration and delegate roles and responsibilities.
Say goodbye to bad customers
Where possible, reduce your pain points by getting rid of ten time-wasters, bad payers, or customers who cause you pain. You will feel instant relief and spend your time better elsewhere.
Once you’ve freed up some time and headspace, make sure you ring-fence this time, key people, and money for future initiatives. Redeploy with passion!
Get a plan
Don’t fly blind with your business, create a business plan so you know where you want to go and how you’re going to get there. If you already have one, when’s the last time you reviewed it? Take time to do this and once you have your plan (or revised plan), put that plan into motion.
Surround yourself with positivity
Make sure the people in your business understand and share your vision. Bring them onboard, listen to them and give them ownership. Don’t let people who don’t get it, or don’t care, be a millstone around your neck. If they’re not right, do them (and yourself) a favour and free up their futures.
Technology can help you decrease administration, improve communication, and improve reporting and accountability. Whether it’s for team communication, automating a process, or making your processes more efficient, utilise the available technology to free up resources to use in other parts of your business.
Keep on top of the numbers
Do you have enough information to know what’s going on in your business – especially financially? Are you monitoring your business cash flow and seeing the emerging trends? We can help you find out what measures you need to monitor regularly, so you can run your business more effectively.
Don’t be afraid to be different and break the mould. Position yourself to attract your ideal customers who’ll turn into engaged clients. By choosing the right position for your business, you will also draw in the right staff who will add value to your business.
Create a simple marketing plan to increase reach and penetration. Allocate a budget to take this seriously. Start by making sure you really understand your customers, what they want, and how you can help them meet this. Don’t forget about your existing customers or clients, it’s easier (and cheaper) to retain and re-engage existing clients than having a constant revolving door of new customers who need to learn your processes and what you offer.
Take a break
Don’t underestimate the value of taking time out away from your business. The break from your business allows you to look at things from a fresh perspective, and allows you to come back refreshed with new enthusiasm and inspiration for your business and where you want it to go.
We can offer you customised advice for your business, by assessing your business and recommending actions that can help your business thrive. Get in touch with us to see how we can help.