Category Archives for Business Growth

Read this if you want the number one solution to any of the big business challenges  you may be experiencing in the list below. The problem is, a chain is always as strong as its weakest link. In business, so many go through so many challenges because those weak links is the ones that destroy you, and not your strengths.

We spend most of our energy on the areas that we feel most skilled and powerful in. People do what works, we do what makes us feel good, what we feel confident in, and avoid the things we feel in-confident in. So what is it that creates so many challenges for small business, and what is the #1 solution to the problem?

Dare to Declare an Impossible Future

If you have trouble with the word “Impossible Future,” or it makes you feel uncomfortable, then you are on the right track. 

Vision is something that distinguishes small business owners from entrepreneurs. Entrepreneurs have a vision – they’re trying to create something bigger than themselves. The small business owner is self-employed, focusing on the day-to-day operations of the business, and not so much focused on the future. A business vision can transform small business owners into visionary entrepreneurs.

When you dig deep, everybody has a vision of some kind. The key is to write it down. Having clarity of where you want to go is the first step in achieving it.

Creating a Worthy Business Mission

It’s not a matter of the size of the business; it’s a matter of the size of the mission of a business. Business success is not due to the individuals of a business, but rather to a group of people dedicated to a single mission. A mission statement helps to create a clear future path, and direction the business is taking to accomplish a specific goal.

Your mission starts at your core, in your soul, felt in your heart, and spoken through your actions – not just your words. The mission becomes the true purpose of your business.  Your business's mission will create a higher purpose that allows others to align themselves with that mission. With a strong mission as the driving force of your business, the needed resources and money will appear to accomplish your future vision.

Are these guys off their rockers?!!!  Growing my business by 100%, 300%, 500% or 1000% would be huge stretch.  But multiplying my sales by 10,000%!!!?  There’s no way!

That’s the point.  There’s no way you can do it alone.  This is a goal that is bigger than you.  Maybe bigger than everyone in your current company combined.  But it’s a goal that is doable.  Maybe even essential.

Today there are very few sustainable competitive business advantages. Creating a Unique Selling Proposition (USP) that sets you apart from the competition is not enough anymore. If you want to be a winner in today's high competitive business markets, learn to operate in a world of unsustainable advantages - by building "layers" of competitive business advantages by improving, changing, adapting, learning faster than your enemy.

Creating a unique sustainable competitive business advantages is the dream of every entrepreneur, inventor or small business who desires outrageous business success.

Leading and Lagging Indicators, also known as measures, numbers, drivers, are important (key) measurable values in a business that are used for measuring and evaluating the performance, progress and success, toward an intended result or goal you want to accomplish over time. Lagging Indicators reports past results that already happened, while Leading Indicators predicts future results

Your business success will come from your ability to identify, analyze, and manage the performance of these simple but very important Lagging and Leading indicators in the 6 Top Key Success Factors areas of your business. To change any current results in your business, you have to focus on the Lead indicators or measures. They are the things you can control and influence that will lead to a different result. 

Read this if you want to know what the key tasks, duties and responsibilities are of a small business owner.

The key roles and responsibilities of a small business owner is to maximize revenue, profit, cash flow, income and long-term net worth, by consistently producing greater results and performance from the same time, the same effort, the same activities, the same people, and the same money invested in your business. Secondly to continually reduce cost, and neutralize or eliminate weaknesses, risk and threats and develop a strategic competitive advantage to combat  increasing competition.