I read an amazing quote that greatly pertains to business and one of my core philosophies. “There is, in fact, no guarantee against product (or service’s) obsolescense. If a company’s own research does not make its products obsolete, another’s will.”
I like to do all that I can to (through the use of technology) reduce the amount of time that I spend on routine bookkeeping activities to save my customers time and money. If I don’t, than someone else will for me, and I don’t want that. I beleive it’s best to always work in your customers’ best interests so that you don’t become obsolete even it it means losing some revenue.
What products or services do you sell that someone is trying to make obsolete?
What is your plan to deal with it?
Many business owners use the SWOT analysis tool to identify organizations’ strategic issues. I have participated in many SWOT sessions myself and quite enjoy the mental process of helping business owners and management teams set the direction for where they would like to go. If you don’t know what a SWOT analysis is, search it in Google and there will be about 9 million hits to help you out.
I came accross the following information while reading an older textbook I borrowed about Strategic Planning.
It goes as follows:
Combining Strengths & Opportunities = The best way to make money
Combining Weaknesses & Threats = The areas of most concern
Combining Weaknesses & Opportunities = The areas that an organization is too weak to respond to
Combining Strengths & Threats = The areas that the business is best able to respond when troubles arise
I plan to keep this tid bit of information in mind next time I participate in a SWOT analysis.
In business, we often use Photoshop to make pictures look better. Check out this website that shows what not to do. http://www.psdisasters.com/
Hello Clients and other Friends.
I have been recently updating and modernizing my website to the WordPress format as of October 2012 so if you’re wondering why it looks a bit different that’s why.
For anyone interested, I am finding that the WordPress format is pretty easy to use and I can understand why so many businesses and individuals are now using it. It’s much more user friendly and not as much tech knowledge is needed than the program I used to use. I would definitely recommend it for small business owners who want to keep their clients updated (by using a blog) and for those who don’t want to spend thousands of dollars having a custom website built. You will probably have to have someone help you set it up for the first time though and walk you through the basics first. I had a web guru named Adam help me out.
For clients interested in creating a WordPress website themselves I could get you in contact with him. His prices are very reasonable.