To hit gold, you have to think gold and to stay in business, one has to think ahead of one’s competitors as well as speed up one’s business productivity. Having a good Knowledge of your business, its environment and your competitors is very vital.
What is your business all about? How do you intend to maximize profits? The answer to these questions entails brainstorming plans and strategies. You need to know your competitors or be ahead of their current plans to overtake the market. Here are tips on how to think different in business;
Always have your thinking cap on: Don’t wait till the harsh business storm blows off your business, always think of what to do better or next. For example; what are the things you need to put in place to ensure business growth? What stage is your business in the business chart (development, growth or decline)? Is your business vision visible and realistic? What is your current profit margin, what is your intended profit margin? How do you intend to speed up your productivity? Always think of answers to questions like this.
Think Right: Having pondered over the questions above, then it’s time to think positive. Think about possibilities not only about likely constraints. As a business owner, you have to nurture a positive mental attitude. Believe things can work out fine, think in that direction. If there are possible risks, device means to avoid or manage them. Risks are unforeseen, but you can plan ahead to avoid or curb them. Rightful thinking in business is a way of thinking differently in business.
Think Deep: Don’t just view things on the surface. Think intensively and carry out researches. The brain is a standard industry of all aspects and areas of life so engage your brain and make good use of it. When you think first and think right, then you have to think deep on realness of your business. Search out your business challenges, classify them, analyze them one after the other. If possible, get a pen and a paper. Outline your business SWOT analysis (Strengths, weaknesses, opportunities and threats). Think deep and think real!
Think And Survey: Understand your business environment, be familiar with your competitors’ strategies. Are they more than you can handle at the moment? What’s the best way to protect your goodwill? Survey now and survey wisely. Survey your business, survey the environment and the threats around, do some checks and balances within your organization and be cautious of the happenings around your business environment. Don’t let your competitors overshadow you unawares. Be business-nosy. Its business, so be prepared for competitions. It’s about profit making and goodwill; don’t let anything disrupt these objectives. Think fast, now and think survey.
Think And Evaluate (Comparison): Now you know who your competitors are and you also understand your type of business. Identify the threats and evaluate them. Don’t keep mute, it’s dangerous to business. Be up and doing…every second in business time counts. Draft a graph of your sales and profits. Can your business survive in business storm or in an unstable economy? Know what you aren’t doing right, evaluate your employees too. Are your key employees performing as expected? Carry out a performance appraisal. Compare your business to your closest competitor. Also learn to pave the way for more business improvements, do some advertisements and speed up your business game. Remember it a game of profit and the opposite, should be your aim.
Think Distinctive Competence: What makes you outstanding makes you great. Build on your business competence and promote it. Every product or service must have its own uniqueness, that thing that makes it different from others. It’s possible that some products or services have same uniqueness, which is where there will be a challenge. Don’t be the same, be better by thinking differently. Device means to make your business goals and objectives absolutely unique. Distinctive competence is that special attribute that shows your business is similar to your competitors but extremely different from theirs, in branding, concept and major function.
It is what keeps your consumers and customers glued to your business, bringing about more productivity and more profits. Business is nothing without unending profits. Think and build distinctive competence in your business scheme and business life. Think differently, think distinctive competence! A business seed can only grow if the business soil is fertile; the fertility starts from your business thoughts. Think good business and think differently!
photo credit; smallbusiness.chron.com