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Seven Summer Projects That Can Heat Up Your Business
Summer is a great time for new projects that revitalize our
lives. If your spouse or family is
creative, you may have a lot of those summer projects that require your time
and attention at your home this season. But what about a summer project for your business? It could be just the thing to spice up your
business and help you rejuvenate your staff and your energy at work.
Here are seven ideas to help you heat things up at work and
reap the rewards that result:
- Move
from reactive to proactive.
Work on fine-tuning one small area of your business where you’re constantly
experiencing fires. How can you anticipate and prevent these fires? It might be putting some procedures in
place, training staff, getting help from a vendor, or perhaps even firing
a client that is too demanding. When you take the first step toward prevention, even if it's a baby
one, you've made a tremendous amount of progress toward controlling the
situation rather than if you just remained in reactive mode.
- Look
at one part of your processes and make a small improvement. I’ve just recently implemented these new articles in
my newsletter (let us know how you like them). That's one example of a really small
change that I made in my processes that will improve my service to my
customers.
- Systematize
something that's worked in the past and repeat it. No need to reinvent the wheel if you've found the
magic formula. Do the magic formula over and over again, perhaps more
often, and you'll increase your results. For example, if you're good at working
with people on the phone, then write down the process you’re using so that
you’re discovering what you say that customers like. Then do it intentionally 100% of the
time as part of your newly systematized process.
- Listen
to your clients and roll out a new service offering that they are asking
for. A huge part of the battle for
getting new clients is getting people to trust you. Why not leverage the
people who already trust you - your current clients - and serve them in a
new way. Increasing your revenue per client is a great way to help your
clients even more and to boost you bottom line at the same time.
- Hone
your skill. We spend a lot of time working
on our core competency - the service we deliver to clients - and getting
better at it. Why not get better at an accounting skill? This could
include understanding reports better, learning how to job cost or product
cost so that you understand your margins better, learning how to review
accounts, and a host of other skills that will help you become more
effective at analyzing your business’s financial data. Sometimes we forget
accounting is a skill we can learn just like we know our core business -
especially those of us who are reluctant about numbers.
- Measure. How do you know something is working unless you
measure it? Add procedures to measure the results that are important to
you; then you can begin to see where you need improvements. These include
numbers such as revenue, expenses, cash flow, and profits down to the unit
you want to measure them. When you do this you'll naturally be able to
improve your financial results in your business.
- Celebrate. Stop for a second when you reach a goal and celebrate
all the hard work you did that paid off and got you there. Give yourself a
reward, practice gratitude for what you received, and then set your next
goal.
Which one of these projects speaks to you the most? Mark
your summer calendar right now to take one step toward working this project
into your summer plans so you can heat up your business.
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