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Juicing business: four things the greatest business owners do relentlessly

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Juicing business: four things the greatest business owners do relentlessly

The future belongs to the business owner. Never before have entrepreneurs been more empowered to follow their own path.

We manage business at a time where there is a plethora of information and not enough clarity. We read more, innovate more, and are lured in to follow our dreams and believe in our own abilities. Yet, the execution of those ideas often stalls or its impact is temporary.

The reality of owning a business is often very different to the intention. Business owners want more time, better outcomes and the money that comes from success.

It’s not enough to be passionate. It’s not enough to be driven and work hard. Great businesses are not great by accident, but by design.

There are four things that the greatest business owners do relentlessly to keep them on top of their business, rather than their business getting on top of them.

The challenge of taking time out of working in the business, to work on the businessSpeak to any expert who knows a lot about improving business performance and a pre-requisite to business success is for the business owners to regularly spend time focusing on the business, rather than always staying busy working in the business.

And this is true. When a business does this well, they will:

Achieve greater sales and profits

Better deliver on their promises to their clientele

Continue to improve on what they do really well

Fix what they do poorly

Keep up with the evolving needs of their industry and customer base, and maintain their relevance (which is directly related to maintaining or growing their EBIT)

Achieve their dream of living the life they want, powered by a business they love

Unfortunately, this is not as simple as it sounds.

While business owners know that repeating the same habits will lead to the same outcomes, they are also time poor and changing habits is difficult.

Ultimately, taking time to work on the business is critical. The question is how?

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Spend your ‘on’ time wiselyHere’s four tips to bear in mind:

1. Do it once, then do it often. Set aside significant time at least once a year to reflect on everything you’re doing and plan out what ideas or projects you will execute throughout the year. Then, on a monthly basis, take a smaller amount of time to reflect on how you’re tracking against targets, view what’s working and what might need adjustment.

2. Don’t overthink it. Whilst doing this well means investing more than a fleeting thought, it doesn’t mean spending days on end trying to build theoretical plans that are not implemented.

3. Look outside your own business. Take inspiration from others, stay abreast of new ideas and technologies that are being created by others, and learn from them. This means reading, attending conferences and online programs, and/or bringing in others to help.

4. Follow a proven process. Use tools and processes that are proven to work.

For example, this process can take four steps:

Step one - Clarify your vision for the business.

Step two - Critical thinking. Conduct a thorough and honest reflection of strengths, weaknesses and the opportunities and threats in your external environment.

Step three - Document your plan to capture strategy and actions over the next twelve months (in both financial and qualitative terms).

Step four - Track your success. Don’t wait a whole year to review progress, because it will be too late to make any changes if the business is off track. Stay nimble and achieve more. Great businesses know their numbers and they review them regularly.

External support and help?Of course, having someone to help with growing and designing your business, who’s not emotionally connected, will work wonders. A business adviser with knowledge and experience, and who deeply understands your business and personal objectives, can be invaluable.

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Juicing your businessA key to bringing all this together is the Juice Console.

The Juice Console has been built with decades of business experience, as well as research into behavioural management and work habit innovation.

Juice combines the best sales management strategies with contemporary gamification technology, in order to help businesses achieve more of what they want.

Juice offers the ‘how’ to work on your business – it uses a process that has helped hundreds of other business owners achieve their objectives and grow great businesses.

Juice will:

Help fast-track your strategic planning and keep your business ahead of the curve

Cut through the noise and give you total clarity, on one page, of what’s happening in your business to quickly identify areas requiring your focus, for inclusion in your business plan Juice will guide you through a proven process to capture a plan that actually gets implemented, because it addresses the unique needs of your business and won’t get left in the bottom drawer until next year!

Having clear, visible goals is important – combine those goals with the defined activities required to achieve them and you’ll gain the momentum that only occurs when everyone is pulling in the same direction

Assign activities to team members and they’ll report their progress in an app on their phone. You and your team will stay laser-focused on doing the things that matter, and you’ll all be empowered and motivated as you see the achievements you’re making against your plan

Today, many businesses have valuable data floating around in various systems, none of which talk to each other and all of which need a fair bit of effort to get any kind of clarity from. Juice will save hours of non-productive time and you’ll physically see the value of your business improve as you can put your hand on any important data – all in the one place, without waiting for separate reports on financials vs activity vs clients. Make smart decisions based on real-time facts

Juice will help you know your numbers – in one place, see how your revenue is tracking to plan, what’s in your pipeline and where any workflow blockages may be. You can see where you’re at today and what’s coming up, in case you need a rev- up to get back on track

Juice will help you track enquiry levels and sources of new business, and overlay these against your marketing activities to keep track of what works best to deliver you the clients you want

Juice will help you boost satisfaction levels of owners, staff and clients as you finally see your grand plans get implemented

View dynamic benchmarking data – compare yourself to other businesses in a dozen different measures and refine your search by criteria such as geographical location, size and type of business. Get meaningful information on what’s possible for your business and how you stack up against your peers

Subscribe to the Juice Console and get addicted to great results in your business.

© myYardstick Holdings Pty LtdThis document contains general information about this product or service and was current at the time of production. This information has been prepared without taking into account your objectives, situation or needs. You should consider the terms and conditions which apply to this product or service before making any decision about whether to acquire it.

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