Business Practices

Business is all about innovation and keep yourself going. Things around us constantly change which is why we always have to stay on top of our game and always find ourselves eager to learn new things. Here is a list of 4 of the best business practices which you need to be implementing at the work place for beneficial changes:

1. Pursuit specific goals that motivate you

There is a widespread common practice of changing business objectives every one in a while, but never stick with the same thing always or you won’t find the results you are looking for. You must be clear about your goals and be aware that there are goals that are not achieved overnight but require persistence and perseverance. I dare say, from my experience, that there are two main factors why many entrepreneurs change their minds very often:

The first is that they do not have a well-defined business vision, so their objectives are not strong enough to maintain the motivation to help them move forward whatever obstacles they may face.

The second: their lack of tenacity and inconstancy and their excellent impatience play tricks on them. Not everyone is willing to bear the cost of achieving what they want so much. So, when something costs them more than the limit they have set (limit, of course, fictitious), they give up. Be consistent with what you want and be committed to working hard to achieve it.

2. Focus and focus on getting what you want and don’t pretend to cover more than you can

A powerful phrase says ‘he who embraces much does not squeeze much’, meaning when the mind and the vision is cluttered one can’t act accordingly. These are some ways how you can focus on what really matters.

  • Define your business vision and objectives well.

  • Always orient your strategies and actions to achieve this vision and objectives.

  • Do not disperse or embark on projects or actions that take you away from your business vision.

  • Don’t want to start a thousand initiatives at once. Take one step after another and sequentially begin the journey that will allow you to achieve all your goals.

3. Don’t expect things to be done by others or to happen by magic

Some entrepreneurs design or define their strategies (very good, by the way) but do not assume that carrying them out implies an individual effort. Because of this fact, there are two recurring positions:

Position 1: I’m looking for people to do it for me.

Imagine a small company, with few resources. I design the business strategy together with the entrepreneur and his first approach is: “we are going to look for people who will work on commission (because there is no money to invest in a fixed salary) and who will carry it out.” My answer is always the same: “That doesn’t usually work. There are exceptional cases, but this is not the norm. Take into account the resources available to you, and we will implement it with them. This is a 100% viable and very useful strategy if we achieve it and it starts from and takes into account your structure and the resources available to you.

Position 2: I do nothing and wait to see what happens: it has some relation to the previous post. Since I have to make an “X” sacrifice to implement what I think or have planned, I’m going to throw it away as it is and see if I can magically achieve all my goals.

4. Avoid perfectionism

It is not worth taking the time to take action because “a brochure, a comma is missing on the website, or this text is not 100% as I would like it to be”. It is better to take action with anything (always within limits) than to not get stuck and delay all activities in time. If we fall into perfectionism, we fall into unproductiveness and loss of efficiency.

New methods need to be implemented in order to get some results. Even if the routine is working for you, don’t think of it as the best resource and always attempt to grow by acquiring more knowledge.