In todays business world, if you don’t constantly make changes and seek renewal within your business – you will actually be falling far behind. The ultimate success of your business depends on constant renewal. Because if your business is not growing – then its in decline.
There comes a time in every business lifecycle, small business and multi-national corporations alike, where decisions need to be made – It’s that moment of truth.
Your business has been growing along nicely, and is starting to mature. It’s at this point that your business enters a sort of ‘comfort zone’. Sounds great right? BUT it’s this part of the business lifecycle that you need really need to be careful of.
It is at this point, this ‘moment of truth’ – where if you merely continue to do the same, your business will fall into decay.
BUT rather than watching your business fall into decay, decline and lets face it, ultimately die – Decide to make some changes! It will ensure that your business lifecycle will be a much more positive one.
Review your mindset
Don’t be scared of change – rather, embrace it!
You must have a wholehearted willingness to create change within your business.
Seek advice
Talk to business coach, discuss with your peers, and consider customer feedback. Where ever you can, seek advice and try different approaches. Seek out some external training and perhaps learn some new skills to help in your endeavor.
Have a Plan
Put a growth strategy in place. It is never more important that now, to have a strategy in place for you business. One that is constantly reviewed, revised and perfected.
Refocus Your Systems
Develop a new marketing strategy that will refocus the business. As well as Implementing and managing new systems that will allow the business to run by itself.
Be an early adopter
Stay on top of new trends. Be the first to trial that new technology. Be a leader, not a follower. Make sure it’s your business that’s the innovator in your field.
Remember, that its not just change for change sake. You have to adapt to your current market place and ensure you’re giving customers exactly what they want. Its not about making changes for fun – its about always being at the top of your game.
Don’t stop there…
make plans to keep changing. Don’t fall into the trap of making some great changes within your business and then just sitting back and admiring those achievements. Those achievements are now in the past, and the key is to keep looking forward.
You can never stop searching for growth and renewal.
What’s next?
- Join our Kick-Ass Tradies Facebook Group, for access to trade business specific conversations, tips and resources, plus a like-minded community of tradies.
- Book a 15-minute Game Plan Call with Andy, owner of Dr. DRiP plumbing and co-founder of Lifestyle Tradie, to clarify your priorities and get clear action steps.
