It
can be challenging to select among a variety of potential strategies for your
business. It's easy to imagine that we need to do them all at once, or work a
complex business strategy that involves 20 to 30 tactics. Socrates Vasiliades tax says many business owners overwhelm
themselves with complicated strategies, and expect themselves to accomplish ten
years' worth of strategic effort over the next year. They aren't realistic
about the time they have available, their capacity, or what their business needs
most. If you're struggling to choose among many options and create a strategy
for your business, here are a few ideas for you consider.
1. Keep it simple.
You
don't have to build an empire this year. Your business empire can be built over
time. Start simple. Don't get complicated. Focus your attention and effort on a
single area. You can add to it your plans or branch out later when you've had
success with your first simple business strategy.
2. Be realistic.
Consider
your real time constraints, skill level, energy available, and priorities. What
matters is consistent solid progress over time - not setting the world on fire
and burning yourself out trying to get everything done NOW.
3. If your business strategy
must be complex, lay it out in phases.
Separate
tactics out into short-term (six months to a year), mid-term (two years), and
long-term (two years and more). Keep your focus on the short-term, except for
those longer range activities where you must start prep work in advance.
4. If you have several
competing strategic ideas, take these factors into consideration in your
decision-making.
Socrates Vasiliades tax strategy can increase
business revenue the fastest, simplest, easiest, with least disruption? Which
strategy would you find most enjoyable? Which strategy engages your strengths?
Do you feel a strong attraction for one business strategy over another? If you
answer these questions and follow your own feelings, you will inevitable come
up with the best working solution for your business.
5. What's your vision for
your business?
Where
exactly do you want it to end up? What market do you want to capture? How large
do you want to grow? What do you want to be known for? What evolutionary
process do your imagine for your business? By answering these questions, you
clarify your vision and can choose those strategies that align with that
vision.
6. Are you selecting the
right strategy for your business for now to get the results that you desire?
What
degree of certainty do you have about the success potential of your business
strategy? Have you covered all possibilities? Have you included all the
research time necessary? What skills must you acquire? If so, how do you fit in
the skill acquisition? What can you do to feel 100% certain of success? Be
honest with yourself about the answers to these questions and you will find
that it is much easier to ascertain the right strategy for your business.
7. Is your time-line
realistic, given your current commitments?
What
time adjustments must you make? Is it the right timing for this strategy? Will
the market be there for what you're creating? What are the ways that time can
impact your strategy? take an honest and searching look at your time-line. Back
off of any aggressive and needless time "crunches". You have to live
too!
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