Reset your business differently.
Part one
From the topic we will look at the following.
- What is a business
- Why is a reset necessary
- Top 3 areas to reset
- Taking the next step
What's a business
A business is an enterprise that offers goods and /or services in exchange for revenue and profit
Why is a reset necessary.
1 one a reset is needed in business when it is not making profit at all or as it should
2 A business is also ready for reset when ut needs to get customers. Customers are thr heart beat for generating revenue and from that you can get profit
- A third reason a business might need to reset is cost. If a business cannot be operated by the huge cost then a reset is NON-NEGOTIABLE
Summary
You need to reset your business ideas or business if you look for
- New customer or need to operate your business more.
- Cost effectively or
- You need to be making profit.
What are the 3 areas to reset in your business.
I will be explaining 3 important areas.
We can look at every side of a business using one frame work. It is the 7s frame work this include
- Style
- Staff
- Skill
- Shared values
- System
- Strategy
- Structure
This is not the only way or framework to look at all the parts of a business. There are others. But this one is useful for mist kind of business.
The first area i will talking at is your business style. As in in your decision style of all the things that can make a business profitable or pitiable. The greatest factor is the person in charge.
If you run your own business. You are the biggest asset or liability for that business. Because you get to put the other factors together.
Many startups and business owners have one problem that is likely to wipe out their business sooner or later. They don't have what every CEOS needs. Every serious ceo seeks a sound-off partner. i.e Every serious CEO have someone to cross check ideas with before implementation. They look for such person within organisation if it's not one man show or they fo outside the organisation . To get that person.
If you are the only one thinking about what's beat for your business, then you may not go far. Because your business will suffer from
- One-sided thinking with too many
*. Hole and
- Blind spot in your decision
When it comes to business. You need to separate sentiments and emotions. You need to have someone you cross check your thoughts and decisions with before you take that move. Because in business one mistake can take you out of business.
A business that consult is the kind of business that wants to go far, that cannot afford mistakes, and want to avoid any crash from one sided thinking and group thing syndrome.
If you check history no king decides on kingdom issues alone. He seeks and retain trusted advisers.
Your business is your kingdom. It hold a promise for you and a wider group.
