It is a race, and your customers are fully aware. The market today is as competitive in terms of profit as never before. Moreover, things are expected to get even more fired-up in the coming months and years.
By abiding by the following four awesome concepts, you will increase your profits without having to consume yourself in hard work for endless years. These are game-changing pieces of advice when it comes to your business life.
The first thing you should never stop doing in your business is Innovating. Branding your business as innovative could be as a result of one revolutionary idea which could turn a business on its head, it’s often the combination of the little things that a business owner does, or stops doing, which brings about its ability to be truly innovative. So, for a business to be consistently innovative, it’s a great idea to practice these habits, which will make you see your business differently and discover those little things that could help propel and move the business forward. Some of the habits are –
Picture this: You’re a new entrepreneur about to give your first fundraising pitch.
You’ve barely slept in the last three days. You’ve written and rewritten your pitch 1,000 times. You should feel prepared, but you don’t. And then it’s too late. They call you in. It’s time.
20 minutes later, your pitch went exactly as planned. They asked their questions and sent you on your way, promising to be in touch in a few days. All that worry for nothing, right?
Dependability is one the most admired leadership traits. It has to be displayed over a lengthy period of time with consistent application. You cannot simply say you are dependable without showing it to be true. The good news is, like the other fundamentals, this is not that hard to pull off.
All you need to do to develop this leadership trait is to do what you say you will do when you say you will do it. That is, after all, what dependability is. Every time you keep a promise or commitment you build this trait deeper and deeper. The best part is the more dependable you are the more opportunities will come your way and more opportunities to lead . A dependable leader tends to make and keep his word and has the discipline to prevent procrastination, and puts forth a full effort to perform their job.
What is it you are putting off? Is it dealing with your finances? How about a minor health problem? (I’m talking about losing weight as opposed to having cancer.) What does your home look like? Is it warm and inviting? Is it somewhere you look forward to going to after a long days work? Sometimes it’s not writing a thank you note, or not acknowledging the death of the mother of a friend.
I think our intentions are good. Following through is where we find the problem. And when we don’t follow through, we tend to feel bad. There is an empty hole inside of us that needs filling.
Everybody on earth cannot spend more than 24 hours a day. No matter what we do we cannot add more time to it. We can only manage ourselves and how we choose to spend our time. You can make your time work for you not by creating more time, but by eliminating the wasted time. The goal is to make better use of the short time frame you have.
Some examples of wasted time could be surfing the web, reading emails, procrastinating instead of working, unnecessary arguments with colleagues at work or your spouse on the phone; the list is endless. These little time wasters don’t seem like much while you are in the moment. In fact, a lot of people take this course of action in order to relieve stress and to actually distance themselves from their business dealings. However, always remember that mismanaged time can lead to the downfall of your business. You can create goals in your time management plan, and instead of wasting time with other tasks, you can actually learn to spend your time doing things that are productive for your business and personal life.
I grew up in a family where my parents and all my aunts and uncles were small business owners and operators in varying sectors that included bars, grocery stores, restaurants, automotive care and transportation. My family was a staple in the community as the various businesses attracted people from all walks of life. I remember, while working in my mother’s restaurant, I had the opportunity to serve politicians, police commissioners, teachers, bank managers, media personalities, doctors and pastors. I picked up a lot during this time, as the customers usually stayed long after they finished their meals discussing business, politics, life, marriage and just about anything else you could think of.
I’ve seen firsthand how thriving small businesses can help ordinary people achieve extraordinary results not only financially but through personal fulfillment, community engagement and happiness. I’ve also seen how a failing business can damage a person’s finances, well-being and their families.
The іdеа of bеіng vulnеrаblе mаkеѕ mаnу реорlе squirm. It’ѕ unсоmfоrtаblе. It mаkеѕ you fееl wеаk. It can be mеѕѕу. But whаt іf іt аlѕо mаkеѕ уоu a better lеаdеr?
We’re not tаlkіng аbоut whіnіng оr complaining but, іnѕtеаd, ѕhоwіng your humаn fаіlіngѕ and stumbles. Thе nеxt time you gеt thаt unеаѕу fееlіng, take a page frоm thеѕе three lеаdеrѕ whо’vе fоund vulnеrаbіlіtу іѕn’t ѕuсh a bad wоrd аftеr all.
Cоntrаrу to whаt many ѕееm to think, vulnеrаbіlіtу іѕ not a ѕіgn оf weakness. Inѕtеаd, іt іѕ іndісаtіvе of соurаgе аnd ѕtrеngth. All grеаt lеаdеrѕ hаvе thіѕ quality іnѕtіllеd wіthіn thеm.
“Everyone has an invisible sign hanging from their neck saying, ‘make me feel important.’ Never forget this message when working with people.” – Mary Kay Ash.
Branding a small business is a must if you want to succeed in a competitive world. The importance of branding a business disregarding its size is based on not only real benefits, products and services that your business possesses, but also an image concept that all businesses should keep in mind.
From color business cards to global business identity, depending on how effectively you brand your business, the more or the less opportunities of success will knock at your door. The reason why large companies brand their businesses is because they know this is the best way to differentiate their products and services from their competitors while creating a corporate image.
You’ve likely already identified some of the keys to strategic growth including access to capital, loyal customers, and the opportunity for capturing additional market share. While these are tangible items that can be put to paper and measured against target objectives, there is another less tangible asset that can make the difference between a stable business and a thriving one: leadership.
Many small business owners do not consider themselves leaders, but anyone can become a leader — in the famous words of Vince Lombardi, “Leaders are not born. Leaders are made, and they are made by effort and hard work.” To become a leader in your business or industry you’ll need a plan, you’ll need a vision, you’ll need to empower others, and you’ll need to lead yourself.