9 Super-Slick Secrets to Boost Your Business Performance
A. Ward once said, "Four steps to achievement: Plan
purposefully. Prepare prayerfully. Proceed positively.
persistently". Use Ward's advice while pursuing the following
1. Stay current
Join an industry association related to your product or
offering. Subscribe to all the magazines that cover your
business. (They are tax deductible!) Look at joining an
organization like NASE ( National Association of Self
employed). They have great sources of advice and information
as well as great discounts on insurance, rental cars,
and other business expenses. Read and constantly be researching
topics about your business. It's easy on the internet!
Make sure you have a financial plan
Also a budget and a measurement process to keep track
of how you are doing monthly. If you don't know where
you stand financially and have no short term and long
term financial goals, then you are just letting fate dictate
your success and we know those odds aren't too good. Control
your own destiny!
It sounds boring and difficult, but it's not. Keep it
simple. Look at your next 3 months projected income or
revenue, then just lay next to it all the expenditures
you need to keep the business running. The difference
is your cash flow. You must do this to avoid surprises.
Most businesses hit the brick wall because they fail to
understand their cash flow.
4. Get an advisory board or a mentor
Sounds crazy for a small operation? It's not! The board
can be family members that you trust, or friends. Ask
them to be your board of directors and review your business
plans and results with them. Having someone to bounce
ideas off and get an objective opinion is critical. Or,
hire a business coach.
Maintain a balance between work, play and family
This is critical for long term success. We all put in
crazy hours on a short term basis to get a hot project
done or the product out the door, but if you do this on
a long term, regular basis it is a dangerous sign that
you are losing perspective. You need to be able to step
away on a regular basis and get your batteries re-charged.
And also have time for family because if they suffer it
is almost a sure bet your business will suffer too.
It's easy to get isolated in a home business or your own
small business operation. Force yourself to get out and
meet with others that can provide a business support structure
for you. One of the benefits of a corporation is the workings
of teams and the on going support structure it provides.
You need to create that for yourself. Don't think you
can do it all by yourself; by talking to others in business
you will find out great ideas and it will help motivate
One of the hardest aspects of a small business or home
based business is creating the discipline or motivation
to work each day. It is so easy to get distracted and
put off the essential tasks that need to get done. Keep
your work place and hours separate from the rest of your
responsibilities. Develop a to-do list EVERYDAY. Set goals
for the week. Review how you are doing against them. We
all struggle with this and it is one of the key elements
8. Don't rest on your laurels
Be prepared to always change. Force change. Look
for things to do more efficiently or how to improve your
offering or product. Constantly evaluate your competition
and benchmark yourself against them.
Do something you love
If you are in a business that you hate, then it is a good
bet you won't be successful. Find where your true talents
and skills are and get in a business that exploits them.
The saying, " if you do what you love and the money will
follow" is so true. Remember success is more attitude
than aptitude and never forget that failure is only the
opportunity to begin again more intelligently.