Monthly Archives: August 2014

Are You A Business Innovator?

Do you have to be a billion dollar start up to be innovative? No. In fact, you may be an innovator in your particular field and work your way to being a billion dollar company. The trick is to get started.

If you’re an entrepreneur and you want to be considered an innovator, what can you do? Here are a few examples that may propel you toward success:

  1. Break the rules
  2. Dream big
  3. Take chances. Just because it hasn’t been done before, doesn’t mean it can’t be done
  4. Open doors you may not have tried previously
  5. Be a trusted business partner
  6. Don’t be afraid to fail
  7. Pay your successes forward

“They” say that when you’ve made it to the top, you should send the elevator back down! What steps can you do today to be an innovator?

Business Objectives Should Be Clear

If you’re on a highway, it’s much easier to see your destination when you have a clear road ahead and a road map (or GPS) to guide you. In business if you want to grow strategically, you need a clear, well-laid out path toward the finish line of success.

What will make your business succeed where a competitor might fail? Clear objectives. Here are some of the objectives that you should write down:

  • Revenue goals
  • Loss projections
  • Profit margins
  • How you will gauge customer satisfaction
  • Your salary
  • How you will determine when you will need to hire help
  • What products and services you will offer
  • Who your target market is
  • How you will determine when you have achieved success. What does that look like to you? Hint, it’s different for every business owner.

Once you have your initial objectives written down, write down this question and ponder the answer, “Where do I want to be one year from now?” Write your answers as they relate to income, business location, new products or services you might want to offer — the sky is the limit on your dreams. If you write them down, though, you might just be compelled to make the steps necessary to make them happen.

Traits Of A Good Business Leader

You never want to paint an entire industry with a broad brush, but when it comes to entrepreneurs, there are several traits and qualities that leaders businesses all seem to possess.

What do we feel makes up the traits of a good leader? Here are our top three:

  • A leader has vision and is able to articulate that to his team. The vision for their business is typically in line with the vision they have for their life as well. They have a forward thinking attitude and know how to share it that involves the entire team. 
  • Chances are when you went into business you did so because you were passionate about the industry you’d chosen. How do you share your passion and what steps can you take the instill that in those with whom you work?
  • A trait embraced by many entrepreneurs is the ability to be a problem solver and to make decisions in a timely fashion. A business leader needs to have the wisdom to know the best course of action and to make a decision on it, whether it’s popular or not.

What traits do you feel is crucial for a business leader to possess?

How Organized Are You?

Quick! What does your desk look like? Can you see the top of it? Does it look like a bomb exploded and it’s stacked with towers of papers and file folders overflowing and stacks of “to-be-read” magazines on the chair next to you? If so, what kind of example are you setting for your staff or for clients that may come to your office?

You don’t have to completely change who you are, because some people are “naturally” messy, but you do need to keep up appearances, especially if you’re leading a team. What steps can you take to be more organized? Here are three suggestions:

  • Accept offers of help. If someone offers to help you make sense of the mess, take them up on it. There is more than one way to “file” and being organized with towers of paperwork may help you be more productive in your day to day operations.
  • Lead by example. If you walked into your employee’s cubicle and saw a desk that is in the same state as yours would you give him a high five or would you wonder, “how does he get anything done?”
  • Take time at the end of every day to clean and straighten your desk area — note that this could also mean your virtual desk area.  By that we mean, you need to tame the disorganization of your desk top in the fact of setting up file naming conventions so you can find documents when you need them and by filing and acting on emails when they come in so they don’t get lost in the shuffle.

What steps can you take today to get more organized?