There are four reasons a commodity mindset occurs in business, and in every instance, these reasons should be viewed as warning signs that it’s time for a strategic re-focus
Too many business executives believe, wrongly, that differentiation requires blazing new paths or innovating something from nothing. Instead, paying attention to trends can help you differentiate and identify needs and opportunities like nothing else can. Being a “trend getter” is a best-kept secret among high-growth companies, with executives envisioning new ways to approach and leverage what already exists. Here are some ways to make "trend getting" an ongoing initiative in your company....
Too often, owners and managers operate their businesses in silos that cause many opportunities to be overlooked. Accounting focuses only on accounting. Operations focuses only on operations. Marketing focuses only on traditional sales and promotion. Safety and maintenance only focuses on safety and maintenance. I could go on and on. High growth companies understand that each area of the business is a spoke on a wheel that works in tandem to truly keep opportunities flowing in and turning into...
How you approach your operations from a marketing standpoint is key to its success. Marketing for many small businesses is viewed as a necessary evil or a mysterious phenomenon that seems to be all too elusive when it comes to getting results for the business. You try this tactic or that tactic. You implement this program or that program.You ramp up your sales efforts or develop exciting new promotions. And yet, nothing seems to have any sticking power. If you are doing any of these five...
Are you frustrated by employees or associates whose work or efforts are not to your standards, level of passion or competency? Is this causing you to feel as though you are the only one that can get things done right? Nothing is more disheartening for a high achiever, and especially a business owner, than feeling as though no one can do it exactly like you. The dilemma is that as you take on more and more in order to accomplish more and more, you are actually crippling your ability to achieve...