As the leader of your small business, decision making is a part of the day-to-day process in making things happen. From very small decisions to things that decide the future of your company, the decisions you make over time will determine the character and ultimate future of your business. Truly, decision making is a vital part of your business and something you can get used to only with practice. Here are a few things that we at LSKS believe that you should be considering to make your decisions more effectively.
Development and Marketing
How big should your business be? Bigger? Smaller? Or is your business just the right size right now? As it turns out, there is much consideration and thought that needs to go into growing businesses, don’t make the mistake of believing that tiny incremental changes will lead to growth. It is just as important to consider big decisions as they come your way.
Do you need to be on Facebook? This is a long-fought debate. Some people believe that social media is a vital part in growing business, whereas others think that it is not necessarily appropriate to have a social media presence to organically have your business serve the needs of your customers. The bottom line is that Facebook is a powerful social media tool, and you should think about implementing this platform to serve your needs.
How is real impact created? Every business has a different metric of growth. Some leaders consider numbers of items or services sold, others consider profits or net income, but the truth is that there really is no standardized way of understanding whether or not your business is completely reaching its potential. An important step for every entrepreneur is understanding the way to know that they are being successful – and fully investing themselves in gaining results. This is indeed something you should consider.
Operations and Growth
How can you harness your business’s creativity? Although you may already consider yourself to be doing a great job in harnessing your creativity within your business, it is always possible to explore new avenues and discuss new ideas in order to ensure that you are fully meeting your own potential. In fact, some of the most successful businesses in the world are constantly re-thinking their processes in order to ensure that they are changing as the world around them is.
Are you taking use of the resources around you? Most municipalities have bureaus and services in place that serve to ensure that the business community is growing and has assistance in facing any problems that may be arising. As you watch your business grow, it is vital to ensure that you are harnessing the valuable resources that may be available to you because these can be the things that can assist in taking you to the next level.
In conclusion, we leave you with these open-ended questions in order to assist you in thinking through parts of your business that many people do not even consider. This can serve to set you apart from the crowd – and have your business shine like a diamond within the rough granite of the world.