Tag: maximize

10 x Your Resources to Maximize Your Resources Part 4

10 x Your Resources to Maximize Your Resources Part 4

If you have read this series so far, you have received nine great ways to get the most out of your resources. So far, we’ve covered:

  1. Call in the Troops
  2. Bring ‘Em Out of the Woodwork
  3. Black Sheep Clients
  4. Olympic-Size Sales Staff
  5. Open Water Fishing 
  6. Call for Back-Up
  7. Go Big Online
  8. Bartering with the Best
  9. Give Away the Farm

You have found ways to maximize your clients, staff, time, and more. Today we’ll finish up this series with the last three ways to multiply your maximized resources. We’ll cover:

  1. Finding Your Pot of Gold
  2. Put Yourself Out of Business Before Your Competition Does it For You
  3. Wealth from the Inside Out

These areas are all key to keeping up the momentum you’ve found to make what you have work harder for you.

Finding Your Pot of Gold

You must always have a goal you’re working toward to stay on course. Your plan needs to be something you can attain and utilize your full potential. Don’t be afraid to aim high; make sure you are clear on your goal and exactly what you need to do to get there. You need to continue to hold yourself accountable to your goal and raise the bar as you accomplish the steps to your goal.

A few goal setting techniques to consider are:

  • Exit planning: You can’t know how to get somewhere if you don’t know where you’re going.
  • Fear setting, this goal-setting technique allows you to address your anxiety and hesitation. Great if you need to make a significant investment.
  • SMART, great if you need to make short-term tactical goals.

No matter what you need to accomplish, excellent goal setting can make a difference in resource management.

Put Yourself Out of Business Before Your Competition Does it For You.

Once you’ve mastered these areas, you need to make sure you stay competitive and constantly come up with new ways to use your new tools. Don’t rest on one success when there are more on the horizon. To continue to be successful, your business must continue to learn and evolve.

When you get to this point, it is time to set aside 1 to 4 days a month where you, as the business owner, spend time working on your business. This means for that day; you do not answer emails, do daily tasks, etc. Instead, you spend the day thinking about opportunities and find new ways to grow your business.

Wealth from the Inside Out

Wealth and riches are defined within yourself, not by your profits or the world beyond. You can use all these strategies in both your business and life to find a greater level of success. When you naturally reflect on who you are and what you mean, you will automatically attract the right people to you. This will happen in life and business. 

You can reach your goals as long as they are well-defined and a solid road is built to them.

Throughout the last several lessons, we’ve talked about how to take a hard look at the resources you currently have right in front of you, how to take advantage of them, and leverage them to maximize your results. 

I hope this series has inspired you to look at your business and see the opportunities it provides. If you need help applying, please don’t hesitate to contact us for a free business evaluation. We will review your business in providing you with a road map to your companies success.

Maximize Your Resources – Part 3

Maximize Your Resources – Part 3

With every series, it is time to wrap up. In the last post, we talked about three more ways to maximize your current resources. They included:

  • Reveal your business’s soul, bring your why/motivation to the front of what you do.
  • From breaking even to breaking the bank, the power of cost-cutting, not cutting people.
  • Stand up and stand out, having an efficient USP.

Today we’ll talk about the last three areas you can work on to maximize your current resources. They are:

  • Your people & Your Time
  • Eliminate before you delegate
  • Stay away from the edge of the cliff.

Your People & Your Time

The secret to any great business is maximizing your people because through your people; you gain the time to work on your business and not in your business. So You’re probably asking yourself, how do I get to the place where my people work as hard on my business as I do?

The answer is they never will. What is possible is creating how you use your time to get your people to do what you need them to do. This efficiency is achieved by dedicating your time to three major business systems.

  • Staff Development 
  • Instruction & Training 
  • Personal connection 

Staff Development refers to the time spent asking your employees about their professional goals and helping them to develop the resources to achieve them. The hard pill to swallow is sometimes this means that they won’t stay in your business forever.

Instruction & Training refers to the time developing their soft and hard skills pertaining to their position. 

Personal connection refers to the time you spend getting to know them as people. This is the time sadly that most employers fail to capitalize. However, this is also the best opportunity to turn an employee into a champion for your business regardless of whether they work there or not.

If you want to start making all-around business improvements, you need to ask yourself how much time I spend in these three areas? Then how much more time can I add to these opportunities?

Eliminate Before you Delegate

How you use time can be one of the enormous wastes in your businesses. It is the time spent doing repetitive or mundane tasks that you feel could easily be delegated or eliminated. These tasks include data entry, holding non-strategic meetings, etc.

Now, I am all for the power of delegating, but before you do it, ask yourself, does it even need to be done? If it needs to be done, is there a software option that does not take a human to do it?

The reason you follow this progression is if you hate the job or task, your employees will hate it too. So remember this valuable lesson before you delegate any task. Think about how we can eliminate or make it so no one has to spend time on it.

Avoid the Edge of the Cliff

Continuing to test and measure your systems, products, marketing methods, and all other aspects of your business allow you to see problems before they happen and therefore avoid falling off the edge of the cliff. 

Here are a few specific areas you can test for potential improvements:

  • Marketing 
  • Sales Copy
  • Customer Service
  • Sales Letters
  • Sales Presentations
  • Employee-Customer Interaction
  • Employee-happiness 
  • Employee-growth

Through creating a deliberate and regular testing procedure, you will find opportunities to utilize your resources better. For example, you might find products/services where you can raise the price, maybe others where you should lower the price or offer that product as an incentive item and discover many other areas for improvement that will better utilize your current resources. 

I hope this series has helped you to look at your business resources differently. If it has only created more questions then we are standing by ready to help try our FREE test drive to work with one of our unique business coaches.