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Build your business beyond chaos to profits
8 Principles that will guide you
**Thread**
8 Principles that will guide you
**Thread**
Set clear business priorities and strategizeSetting too many priorities will only make you fail in executing your strategy.
It's the same as throwing 10 balls in the air and hope to catch them all at once.
To succeed, your vision and mission should be well defined.
Create an Innovative CultureUsually, disruption is spoken about in terms of ‘market disruption.’
However, truly disruptive attitude radiates into other areas of your business like pricing, process or hiring.
The culture of disruption needs deliberate work from the get-go.
Maximize and keep track of your visionOne of the better ways to track your vision is to break it up into smaller plans and goals.
Building an aligned metric for productivity against those plans is a great way to keep from side-stepping on your vision.
Know when to say No and Stop!To be an effective business leader know when to say No and when to say stop.
Creating or doing something that no longer makes financial sense needs to be dealt with decisively, even if that's what you have been doing for X months.
There's always a price to pay as you grow your bizThe process is always laden with:
++ mistakes
++ unexpected surprises
++ startovers
++ opportunities to learn new things
Understand there's no clear roadmap, each faces it's own growth challenges.
You get all your answers in one placeAll the answers about how your business is doing, where it should go and what it should stop doing, lie within your own customer base.
LISTEN!
Prioritize keeping your product/service up to dateAlways seek ways to improve what you have to offer and develop means to obsolete your own products or services before someone else does.
Continuously test the market and productIt's a continuous process and its worthwhile to use some indicators to prompt you to go back to the market.
It's a good idea to re-evaluate relationships that do not align with your market vision.
