In these turbulent times, it is imperative that companies optimize their strengths and utilize their resources to provide the customer with quality products and/or services. So here are my recommended resolutions for Businesses:
1. Strengthen your relationship with your client
- Use every possible tool and practice to both touch your clients frequently. Determine what is important to them and show them how you are meeting their expectations.
2. Make a Plan
- Create a plan that is both tactical and strategically. Make sure you include a creative and financially sound marketing plan.
3. Improve communication with your management team and employees
- Focus on your key employees and make sure that they understand the need to improve communication and be accountable for results.
4. Implement cost cutting techniques without sacrificing quality
- Be prepared to budget accordingly in relation to the external and internal factors affecting your highly competitive market.
5. Build a support team
- Lean on your advisory team of professionals to help you formulate a financially focused action plan that offers the metrics to define success.
6. Become goal-oriented
- Create a goal-oriented culture that thrives on achievement.
7. Monitor your progress
- Make sure you create dashboards for you and your management team to monitor the key performance indicators.
Article written by Richard J. Hohmann Jr., Senior Business and Management Consultant for Innovative Leadership, a strategic partner with Fitzpatrick, Bongiovanni, & Kelly, PC, and also a member of the Collaboration Team for Leadership Management International. Richard can also speak at your next organization’s meeting, to invite him to speak call 609-390-2830, For your business solutions click here: http:// www.ILDV.org
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