As we head into a new year is the growth of our company at the heart of the strategy and planning meetings, at least for the first quarter. Some of you early birds have already begun this process in December, but also for other planning begins this month.
In my experience, there is the deliberate strategic growth from a combination of 3 business units: the ability to increase revenue, the management of operational efficiency and excellent leadership qualities both guideabove.
Increase your income is more than just try to expand your current market. Other factors, such as making each sale more profitable farming profitable manufacturer of partnerships and opportunities for the target markets unusual (Blue Ocean Strategy) are the main components of the plan for winning more.
Of course, if you pour more water (income) in a bucket of the Company), which has a hole in the ground, never fill again ((fullmore useful). You have to look for holes in your operation, the drainage to your winnings. Cut the inefficiency and waste. Two areas to consider how good you are now with your existing financial and human resources. The observation of how the money flows through your business will give you great insight, so do not make you stop wasting. The use of these weekly meetings and financial reports on the company financial well-being and make your money work for you to dig! This working group is smarter, notdifficult. Of course, if the workers did not produce the best are able to waste it on company profits. To make sure that performance reviews and prepare to know how you will motivate this year with training and incentives to help them achieve their goals.
After all, without great leadership will not happen to grow your business. Inspire others to implement your vision requires skill and planning. To know how, when and what you areto communicate with your employees is essential to reach a consensus, and then company-wide orientation. The alignment of all the efforts that makes the difference between a good year and a great year. A person pushing a stone up the hill, can not compete with the efforts of the team of twenty.
Sound strategy is to make a proper assessment of current business practices. In this sense, the review of a new year checklist.
New Year Checklist
Growing revenues
** WithIndividual rooms. They make the maximum profit on each sale?
** New home markets. She explores the full potential of the current market?
** New Markets. How much can you list?
** Alliances. How can a return customer or supplier alliances this year?
Cut Waste
** Budget Committee. Do you agree with them? effective?
** Assets. Have you checked your current and long-term assets in order to be awarded to other institutions? There are ways toYour money can work for you?
** Cash flow management. Growth needs money. Do your financial projections show weaknesses? Do not get caught in a hunger for cash. Last-minute loans can be expensive.
** Employees. Do your employees have clear goals and have the power to reach them?
** Waste operational. How will you try and reduce the activity of the waste, systems and practices?
Leadership
** To review the mission and vision of the company Statements. He clearly stated his vision?
** Training at the enterprise level. What subjects and what kind of training, in this year?
** Events Company. How will you connect your employees, customers and suppliers this year as a group?
These are general areas that you want to examine them. Remember, each company's blind spot, so try to be as objective as possible. You do not get lost in the details, but at least try to clarify,> Strategy and a simple plan for growth. It is the first step to working smarter, not more.
Remember, you have the potential for unlimited growth. They have a successful year 2008!
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