Tag Archives: wolverhampton

What Excuses In Business Do You Hear?

What Excuses in Business do You Hear?

Excuses in Business

Your Believes Can Sometimes be The Only Thing Holding You Back

It’s interesting sometimes to listen to the excuses people come up with for *not* doing something, especially the excuses in business, it’s the economy, my staff aren’t good enough, I can’t get the people with the skills around here, people just wont pay the high prices, that wouldn’t work here, its OK for them, they got in early.

Have You Heard Any of These Excuses in Business?

We all have fears, not being good enough being one of them, so a lot of the time rather than taking full responsibility for whats going on, we make excuses, the funny thing is as soon as we make excuses, we give the power away to be able to do anything about the situation, taking responsibility puts the power in your hands.

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Know Where Your Business is Going?

I always like asking business owners, what they really want to achieve in life – is it having more time to spend with the children,

Planning Your Life so Everything Fits Together

Planning Your Life so Everything Fits Together

Working three day weeks, jetting off on well-deserved luxury holidays throughout the year or even property abroad?

Once that’s established, we can then put a plan in place outlining how you’re actually going to achieve it – do you need to take on additional staff? Do you need to give junior staff the training needed to take on your role? What clients do you need, how big are they? You get the picture.

Think of it as similar to when you go on holiday – you don’t just turn up at the airport, choose a plane at random, and then jump on board. You decide where you really want to go first, and then work out the best way to make it happen. Read More »

Are Happy People More Productive at Work?

Happy people make more money, have more fun, and better health. And happy workplaces are better too.

Jim Collins, the author of Good to Great explained “the people we interviewed from the good-to-great companies clearly loved what they did largely because they loved who they did it with.” They found that the more team members were encouraged to socialise and interact face-to-face, the more energized they felt, the more energy they had, and the longer they stayed focused on a task.

Happy People Make More Money

Happy People Make More Money

 

And, just to push home the point, a recent Guardian article reported that “people who are happier at work are more productive – they are more engaged, more creative, and have better concentration. The difference in productivity between happy and unhappy people at work can range between 10-50%. That’s 10% for non-complex repetitive tasks, or up to 40-50% in service and creative industries.” And that’s an awful lot in terms of business revenue. Read More »

Don’t Let Your Business Control Your Feelings

Feeling Overwhelmed

Feeling Overwhelmed?

All too often we can feel overwhelmed by what we have to do. We can worry about the mountain of tasks in front of us, and end up procrastinating, or just make ourselves really busy and achieve very little of what’s really important in driving our business forward. If this sounds familiar there is a little exercise you can do that will help…

Being in control, or should I say the feeling of being in control, is critical to your productivity, happiness and as it turns out your health. In a recent study conducted on 7,400 employees, those that believed they had no control over deadlines that had been set were 50% more likely to suffer with coronary disease. That’s as bad as having high blood pressure! Read More »

The Secret to Business Growth

Hi There

The Secret To Growing Your Business

Don’t Tell Your Competitors

Breaking news, there is no silver bullet for your business.

You’ll sometimes hear people saying “if only this would happen” or “if only that would happen, we’d be made”. Well, in my experience there is no silver bullet within business. No if only and no one single answer or action to building a great business. It’s about small changes across every area of the business, so let’s look at these and give a worked example…

What we are going to is look at how working in each area of our business can have a huge impact on turnover, so first we need to consider the number of your:

Past Customers

This is anyone that has ever bought from you, and if you’ve been going for a while you’re going to have to consider how far back you are able or prepared to go. Do you have a database? If not, perhaps old invoices can provide this information and you could transfer it to a data base? Trust me when I say that this is one area you don’t want to fall down on – your financial future depends on having an up-to-date database of anyone that you’ve ever come into contact with. Read More »

Be Different with Your Business

black-swan

Marketing is often misunderstood, with many thinking it’s the leaflets, advertising and promotion that you do for your business. But it isn’t. Marketing is everything you do, from the product you decide to sell – whether it’s a premier product or cheap as chips product – to the way you invoice, and the very culture of your business. Because it’s all of that which affects how you act, and so how you’re perceived by your potential customers.

And I saw a brilliant example of a company that absolutely nailed this when I went down to visit Innocent’s Head Office in London this week – what a great place! If you’ve never looked at how they market themselves, do take the time. I chatted with Richard Reed, one of the co-founders, who’s a warm, fun guy, and the sense that *everything* the company does is done well permeates the walls.

Innocent actually started by going to a music festival where they took two bins, one with yes on it the other with no, and asked the question to everyone who bought their drinks, should we quit our jobs and set up in business making these full time? Read More »

Have You Created a Battle Plan for Your Business?

Creating a plan for battle is essential. No army would ever engage in a battle without knowing as much as they possibly could about their supply lines, the terrain, and the opposing forces they faced.

Once they’d gathered, or even guessed at the information that they didn’t have, they could draw up a plan for battle and how they were going to win.

The plan would take into account their own strengths, weaknesses, opportunities, and threats, and only then would they be ready. Of course plans rarely survive intact after the first contact with the enemy.

In preparing for battle I have always found that plans are useless, but planning is indispensable.

Dwight D. Eisenhower

A plan is also essential for your business as it’ll give you direction and a strategy to work to. Read More »

Do You Know Where Your Business Sits?

graph

So, within your marketplace what is your product or service offering, who is your target market, what turnover do you need to generate to get you the profit and lifestyle you want, and what are the time scales for you building this?

You have to completely understand the marketplace you’re in, so consider what your key features are and how you compare to your competitors in terms of market share, quality and price. What are the main differences between you and your competitors? This will all give you a feel of how best to understand your position within the marketplace. As an example, I’ve included a graph of car manufacturers (this above is in no way is gospal but gives you an idea) … Read More »