Creating profit in business is linked not only with our economy, or with the owners’ decisions, or with the success of the salespeople, or with the skill of the marketing reps—it’s really tied most closely with the way that owners think about business, money and profitability. From an insiders’ viewpoint, I’d like to share with you several key steps to energize your business, find new ideas and insights and connections, and become more profitable than ever.
If your strategic plan for growth is up and to the right, you must navigate this trajectory as you market your products/services, hire more staff, and scale your business. These factors along with others will help create the value you want now to achieve the long-term vision for growth. Here are a few tips to consider as you and your team develop and implement your company’s strategic plan.
The New Year will arrive in a few days, so consider these resolutions for 2016. For starters, a Business Plan. This is the most fundamental item needed by any business. You wouldn’t drive across country without a map, and you shouldn’t try to start or run a business without a business plan. General Eisenhower said, “Plans are nothing, planning is everything;” and most of a business plan’s value comes from the thought process you go through while writing it.