Tag Archives: strategy

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How to Plug the Gaps and Stop Bleeding Money!

Most organizations are bleeding away profit through holes they don’t even know they have!

That’s right! If you are not periodically and systematically looking for inefficiencies, gaps, old processes, or broken systems, chances are, your business is bleeding profitability.

These holes that are bleeding profits from your organization are generally not a result of a deliberate or malicious act. They just form slowly as the marketplace shifts and as technology changes. These shifts and changes create holes that must be “fixed” in the same way a pothole in a road must be fixed!

$156,000 Timesheet

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How to Focus Your Business and Make More Money

Most of us are totally unaware of how much our lack of focus impacts our lives and our businesses yet the impact is huge!

Among many things, lack of focus:

  • Damages relationships
  • Results in missing sales opportunities
  • Increases our cost of doing business
  • Derails us from our vision
  • Impacts our ability to achieve goals
  • Results in increased work hours and workload

Essentially, lack of focus is, at best, a drag on our business and, at worst, will bring our business to its knees!

I think all of us can recall a time in our lives and/or businesses when our lack of focus cost us something. If not, maybe some of these examples will jog your memories!

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Action Beats Strategy

Strategy without action is just hot air. You cannot strategize your way to success. You must take action and execute the strategy to see any results!

As Brad Feld and David Cohen stated in their book Do More Faster, “David didn’t beat Goliath with a whiteboard.” David beat Goliath by picking up some ammo (a few round stones), taking aim with his slingshot, and hitting Goliath in the forehead with a well-placed “kill-shot!”

This is strategy in action!

It is way too common for business leaders to “whiteboard” a strategy and then never implement it. They simply fail to translate their vision into actionable steps.

So, throw away your whiteboard and take some action!

Implement Your Strategy

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How To Build A Business Without A Perfect Product

Most business owners understand that they need to create a differentiated, high-quality product or service to be successful in today’s marketplace.

However, many businesses derail because they are trying to create a “perfect” product. Perfectionism causes them to either never launch or launch too late to capture the market they are after.

Worse yet, many companies think they know what the market wants and they spend millions of dollars creating an amazingly perfect product that no one wants!

The Perfect Product  . . . Is a Myth!

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How to Use the Cloud to Empower Your Business

Pretty much everyone today is aware of “the cloud” and associated technologies. From iCloud to Dropbox, Amazon’s personally tailored Kindle library to Microsoft’s Office 365. Cloud enabled software and services are all around us and growing in functionality and usage.

Also, new products and services are continually entering the marketplace. From smart refrigerators in your home that monitor food consumption and automatically order refills through your cloud based grocery profile, to “Wikipedia like books” that contain and share every reader’s markups, notes and cross references.

The cloud is here and consumer adoption is massive and growing!

The Cloud is a Huge Business Opportunity

In case you haven’t noticed, this is a huge opportunity for businesses to get a virtual lock on a customer! Cloud based business models can secure a solid stream of income for a long period of time by offering a compelling and valuable service.