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Write You - Business Change, Growth Strategy and Productivity: How Do You Destroy Your Business Creatively?
When you’re buying a car or a house, you absolutely, unequivocally know you’re entering a big-stakes negotiation, the result of which will mean thousands of dollars saved, earned, or lost.So, it’s fairly easy to get up for the game, emotionally, but
Choosing to invest or d
This article relates to the Work/Life Balance competency, which investigates how your staff feels with regard to the balance between work and personal life. It explores issues such as priority of family and hours on the job, also covered in this competency
The big question
Once the boss gets over the initial shock, we review each part of the enterprise, asking “If you were not already in this business, would you enter it today, knowing what you do?” Pruning dead wood leads to a stronger business.
Good investments give good returns
As you consider your investment in machinery and buildings, look realistically at what use they are to you. The more you use them, the more return they should give you. Where your business only creates marginal value, your returns might be better on a high interest savings bank account.
When to walk away
Some assets are not easy to liquidate or move, so you may have to abandon that business systematically: making all further investment decisions on a zero base (ignoring investments sunk so far); selling bits off when you can; and milking the unsaleable parts for income without further investment.
Minimising people pain
Of course these decisions will impact your employees. Some jobs may need to go now to enable you to employ more people later. If you treat people with care and consideration and talk about your plans, they might suggest ideas for improving the business that you would appreciate.
Choosing to invest or d
If you want to increase the number of people who read
your email fundraising letters and email newsletters,
put today's headlines in your email subject
lines.Paris Hilton is in the news right now because she is
in jail right now. She's behin
Good investments give good returns
As you consider your investment in machinery and buildings, look realistically at what use they are to you. The more you use them, the more return they should give you. Where your business only creates marginal value, your returns might be better on a high interest savings bank account.
When to walk away
Some assets are not easy to liquidate or move, so you may have to abandon that business systematically: making all further investment decisions on a zero base (ignoring investments sunk so far); selling bits off when you can; and milking the unsaleable parts for income without further investment.
Minimising people pain
Of course these decisions will impact your employees. Some jobs may need to go now to enable you to employ more people later. If you treat people with care and consideration and talk about your plans, they might suggest ideas for improving the business that you would appreciate.
Choosing to invest or d
Have you ever walked into a store and things looked sloppy? Stores should have nice neat displays, right? Normally, yes, but sometimes they get a bit messy on busy days and we all understand how that can happen.But what if you were to walk into a st
When to walk away
Some assets are not easy to liquidate or move, so you may have to abandon that business systematically: making all further investment decisions on a zero base (ignoring investments sunk so far); selling bits off when you can; and milking the unsaleable parts for income without further investment.
Minimising people pain
Of course these decisions will impact your employees. Some jobs may need to go now to enable you to employ more people later. If you treat people with care and consideration and talk about your plans, they might suggest ideas for improving the business that you would appreciate.
Choosing to invest or d
When you were little--when you were just learning to put on makeup or style your hair--did you ever run out the door without that last look in the mirror? And, once you were at school, you found out that your makeup was smudged or your hair was just chaos?
Minimising people pain
Of course these decisions will impact your employees. Some jobs may need to go now to enable you to employ more people later. If you treat people with care and consideration and talk about your plans, they might suggest ideas for improving the business that you would appreciate.
Choosing to invest or d
The pareto-principle or the 80/20-rule was born after observations of Mr Pareto that many things in life were unequally distributed.A famous example was “that 20 percent of the people owned 80 percent of the wealth.”This rule is very powerful
Choosing to invest or divest
If you have several businesses, you could rank them by earning power and market potential. By selling the lower-earning businesses, you increase average returns of your portfolio. You also get a better focus, and your growth trends improve. You need courage to walk away from a business that you have grown yourself but this can help your other businesses to grow faster.
So my question to you is "How can you destroy your business creatively so that your business grows in the long term?"
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