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Business Strategy And Leadership

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The way we handle problems is one of the distinguishing features of those who become successful, and those who let circumstances get in the way. It's almost a given that at some point along the way, whatever we are trying to do, we will be confronted with obstacles. Nowhere is this more apparent than in the business world. And the online, home business arena is certainly no different.



Despite the many offers for instant, turn key businesses, there are still circumstances that can change, things that can seemingly go wrong, and ideas that can fail to lead to any profitable results.

As an example, I recently found an easy way to promote several programs that I am in. The system comes with autoresponder messages, however, just this afternoon when I logged into the autoresponder account, I discovered I could not upload any leads I had purchased. I got a bit irritated at first, then did some research online and found another autoresponder service that did allow the upload of purchased leads.

'Great', I thought. The only problem I was now faced with was how to transfer and reconfigure 216 email messages to this new service...

I tried sending the emails as test messages (I did not have a copy of them on my hard drive). That seemed to work for the first 50. Then I got a message that I could not test any more emails that hour. The autoresponder service seemed to think I still had a free account, even though I had upgraded a day ago. Mild frustration began to creep in again. I sent off a few more emails, but didn't want to wait on support to get back to me. So, I went back to square 1 - copy and paste each email message, all 216.

I decided a zen-like attitude would serve me best here. And scanning through the titles and the content of each message as I copied and pasted (they were not written by me, rather by a more experienced marketer), I really began to learn a lot more, about the way headings were used, trigger words, and all those things I had read about in marketing books and ezines.

'Cool', I thought, 'This isn't so bad after all'.

Then, of course, my computer stopped registering the right click of the mouse on the web page. I had spilled warm coffee all over my desk a couple of months ago, and my laptop hasn't been as happy as it once was since that time. Now, it seems, was one of those times. Fortunately for me, I had discovered that the simultaneous use of 'Ctrl' and 'C' on the keyboard copied data to the clipboard as well. So, that problem was also solved. (I could have restarted my computer, but didn't want to have to reopen and log in to everything again).

The point of all this is that even with time saving or pre-supplied business elements, things can still go wrong. Or they may need some ingenuity to breathe new life into them. Take PLR articles - instead of just uploading them to a website unchanged, or even hiring someone to rewrite them, why not turn them into an ebook, ecourse, or report to use for viral marketing?

Instead of looking at the negative consequences of a problem or dilemma facing you at a given time, why not look for the opportunities that are hidden there as well. Changing our perspective, thinking laterally, can transform both our marketing and our business.
Business Strategy And Leadership
I recently noticed a flashing warning indicator on my car's instrument panel telling me that it was time service my brakes. I thought, "I'll call tomorrow when I have more time." Tomorrow turned into next month... and then the grinding started. When I finally got the brakes repaired, the repair bill was more than four times what it might have been had I heeded the warning light and not procrastinated.

Business leaders often procrastinate establishing or updating their business strategy. Refining strategy is uncomfortable because you have to acknowledge the goals that weren't met, or the activities that slipped by the wayside. As well, it is sometimes less tangible than the metrics on your dashboard. For many busy executives, it seems impossible to take the time away from a hectic schedule filled to overflowing with customer fires, internal crises, delivering for customers, or closing new business. But what are the consequences of NOT stepping off the runaway train and spending time preparing for the future?

1. Customers grow tired of inadequate service and take their business elsewhere. Hopefully they don't take some of your other customers with them.

2. You are so busy serving existing customers that you don't have the capacity to bring in new customers, forestalling growth

3. Without new customers, you have no way to compensate for inevitable customer churn

4. Your employees are ineffective at best, and at worst, begin to burn out and leave. What would it cost you if 1/2 of your employees were only effective 90% of the time? For 200 employees, you may be losing a minimum of $1.5M each year!

5. Your competitors pass you by

6. Worst of all, you suffer from burnout.

Postponing the development of strategy may be a short-term strategy in and of itself, but it is ineffective. Unfortunately, the treadmill you're on keeps running, dragging you with it, until you choose to get off and readjust.

To ensure business success, you need to ensure you set aside time each year to evaluate and update your business strategy. In addition, you also need to set aside a smaller amount of time each month to test & refine it. By ensuring that you are regularly evaluating and refining your strategy, you ensure that your customers, competitors, or the market don't leave you behind.

The time you set aside for strategy must be sacred; otherwise, it gets put off like my brakes until the penalty is much greater than the prevention. December is typically a good time to evaluate your business strategy because many customers are unavailable. Schedule the time and "Just Do It!"

Copyright (c) 2008 Curtis Bingham
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About Author
Both Rebecca Prescott & Curtis Bingham are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Rebecca Prescott has sinced written about articles on various topics from Pets, Yoga Practice and Woman Menopause. If you'd like a step by step guide to creating your OWN , complete with a 400 day follow-up autoresponder series written by a successful home business. Rebecca Prescott's top article generates over 22200 views. to your Favourites.

Curtis Bingham has sinced written about articles on various topics from . Curtis N. Bingham is the President of the Predictive Consulting Group. He helps organizations dramatically increase customer acquisition, retention, and profitability. If you would like to learn more about customer strategy or Chief Customer Officers, v. Curtis Bingham's top article generates over 880 views. to your Favourites.
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