Conventional business thinking has been focused on producing, distributing, marketing, selling and serving customers with unique value propositions and messages.
Conventional business models have been centered around structured organizational designs aimed at optimizing productivity, controlling cost and improving quality. Conventional business wisdom has focused on selling more at less cost and expand your markets while staying true to your core competency.
There are those who are very concerned about survival in 2009 and then there are those who are planning to not only survive but prosper.The difference between the two perspectives is creativity and a “can do” attitude.p>
Social technology offers some very creative ways to grow you business while reducing expenses. The question for every small business is will you take advantage of the opportunities to maximize your business opportunities by leveraging virtual world options.
Time and productivity are the two elements which everyone seeks. In business productivity refers to metrics and measures of output from production processes, per unit of input. Labor productivity, for example, is typically measured as a ratio of output per labor-hour, an input. Productivity may be conceived of as a metrics of the technical or engineering efficiency of production. Every business produces something aimed at market consumption.
Time and productivity have also become an important part of personal progress. If we can get things done in less time then we gain more time to do socialize, fellowship and improve our personal relationships. Our personal productivity is also a measure of our worth in the business world. If we “know” how to do things better, more efficiently and effectively then our value to an organization increases. Knowledge and talent play an important role in increasing our individual productivity whether applied to our personal or professional lives.
One of the biggest mistakes a business owner can make is guessing what his or her customers want. Successful entrepreneurs are great at listening—at being in tune with the mindsets, desires and demands of the marketplace.
Feeling scattered and smothered in your business these days?
If you’re overwhelmed trying to keep things afloat on the one hand while trying to get your business growing on the other hand, it’s time to find your “one question.”
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