Business Accelerants Blog
Yes, no matter what the state of your business—growing like mad, falling precipitously, or mired in the mud—you need a trip to the “ER.” The doctor is in and can help you to lose weight, improve your BP, and help you to be healthier, happier, and live longer. Where is this magical business hospital located?
Increase the value of your company by choosing to put your energy into focus rather than letting entropy drive you toward chaos. Should you sell more stuff to parents or be the best nanny service to two-earner, high net worth couples in Manhattan?
Seeing must be the most significant sense we have. Machines are doing everything they can to see us. Are you using machine vision to maximum benefit in your business? Let me tell you how I see it and see if you get what I mean.
Value is subjective, but gets turned into hard dollars when investors put their money in. Whether it’s an Angel Investor, Venture Capitalist, Private Equity, or an everyday person investing in stocks/bonds/mutual funds, there is a value put on the current and future prospects of a company. How do you assign value? Industry growth? Company Sales? Company Profits? It all depends, doesn’t it? Let’s look more closely.
Mexico, Brazil, Japan, Korea, India, China, and Vietnam have all taken their turns as the low-cost labor, greatest new market for the growth of companies. What’s the next big place for growth? I’d say it’s . . .
Do you spend as much time preparing your business for the next year as you do strategizing how to win a game? Watch someone play Bridge or Poker and you’ll see how well they’ve prepared. We even watch Poker players on TV now. Some find that exciting. Make your business more fun with gamification.
Usually, DDS are the initials after your doctor of dental surgery. Change is about as fun and pain-free as getting your tooth pulled, a root canal drilled out, and an implant put in. Not much fun in anyone’s book. . . . But, what if, we returned to local production, on demand? What if we went places with our virtual reality goggles and physical simulators? What if more and more of our Needs or Wants (NoW) could be produced on demand, right where we are?
A business review should cover all 7 forces to help everyone get rowing in the same direction, at the same cadence, with the same skill level. Then, your business will be “driving” faster profitable growth.
Work together, but stay at home or on the road. Just putting people together in an office is not going to make them work together.
It’s a great time of year for sports fans. Almost every sport is being played right now. We love seeing how the plans of the sports coaches play out, hopefully ending in a win for our favorite team. How about your business? It’s 4th and less than 60 days to go. What’s your business plan?