In the world of business, growth isn’t always a straightforward path. Many business owners, regardless of their experience, encounter three common growth challenges that can leave them feeling frustrated and exhausted. Let’s delve into these challenges and explore strategies for overcoming them.
In the fast-paced and ever-changing landscape of today’s world, uncertainty has become an inevitable part of life, especially for businesses. The overwhelming influx of variables and challenges can leave even the most experienced entrepreneurs feeling stuck and unsure of their next move. However, there are tactics that can empower you to navigate through uncertainty, seize opportunities, and drive your business forward with confidence and vigor.
This Week@Work, AI has stormed into the mainstream with ChatGPT and similar tools bringing the promise of AI into every office and workplace. But what impact does it really have? Can it make tasks easier or business systems more efficient? Can AI drive business growth for you?
In this article, originally featured in Elite Business, II explore the notion that while AI may not propel your business growth in the immediate future, grasping its potential value and applications is crucial for maintaining a competitive edge.
This Week@Work ask and answer just two questions to build the resilience and clarity you need to get on a track that will help build your business into your greatest wealth generating asset.
This Week@Work: Big event-based income generators consume you and the business for their duration and usually leave nothing in their wake. It’s high-risk and unsustainable beyond your involvement.
If your business is based on a few big projects, where do you look to find ways to build annuity income that will smooth out your revenue, capacity, and attract ongoing income from the same clients – as well as help to attract new ones?
This Week@Work the skills shortage has been touted as a skills crisis. How do you get the right people to do the right thing at the right time, all the time? The solution lies deep within your business – understanding clearly what problem you solve, for whom and then codifying the activities that deliver the solution and experience are the key to building a purposeful team.
This Week@Work, setting your business apart in a crowded market is vital if you want to grow. Building your commercial systems to enable it, even more so. Sourcing the blueprint for how your business systems will be built, is the key that unlocks your scale and growth, or a chaotic nightmare.
Innovation creates something more for the same price, OR the same for a better price. It means you should constantly create, test, experiment, and improve what you already have….even if it works. It’s a practice and mindset and the key to unlocking the excitement your business needs to attract talent, suppliers, and customers and make it more interesting for you.
This Week@Work there are two things that will determine the future of your business.
1. Attitude – the way we see the world determines whether we see opportunities or risk, whether we embrace change or hide from it.
2. Our actions, specifically our unconscious ones, the habits that have helped us to start, build and grow our companies, may be the same habits that are now holding us back from next level growth