Sometimes, your best achievement is the mistake you did not make. Invest in yourself and your education.
We become wiser by making better decisions. Don’t search for quick schemes. Just enjoy the process. Become better so you don’t have to pay more to someone who knows more than you do, because the less you know - the more you pay.
As a leader, you’ll be challenged. A lot. No joke. Money don’t rule today's world, knowledge does.
Let’s say you want to hire the best professionals. How do you know they are the best? What’s the risk of hiring the wrong person?
How can you keep your head cool and see the facts and what’s hidden beyond a first impression?
You’ll have to be a challenger yourself, you’ll have to learn to ask the right questions, to close deals, to negotiate, to bring facts, to make offers, to decline them. You’ll have to find your balance between ”I am the toughest guy on the planet because I rule my business” and ”I want a grown-up man to take care of my business who’s gonna be better than me when needed and that’s exactly why I hire him”.
Learn, learn and learn again, especially about emotions and how to handle them. Weigh all the pros and cons, have the courage to be vulnerable. It can give you great business lessons.
All business decisions are taken by the management. You have bad management that has no experience in business and handling customers = you’re already on the wrong team.
Pick your battles and pick your team. You'll want to hire those who actually do stuff and care. You want clear judgment and honesty.
Don’t pick the low hanging fruits
Choose your battles and set BIG goals. Don’t aim for less than you want even if you don’t believe you can make it or you find it impossible. Have a clear vision, set the right objectives, work on your mindset. Don’t rush things.
Most people don’t know what they want. And they won’t, as the process of self-discovery involves doing many mistakes. There are those who win big and those who lose small.The most successful ones are actually the biggest losers, ‘cause that’s where experience comes from.
Take control of your time, Grow your investments, Make more money.
When you think about your company, not taking care of the direction you are heading towards and not holding onto its core values - that’s not going to make you different. It won’t serve you well in the long run. Learn to think strategically.
Stay Close to People who are 10 years ahead of you.
You see that person as a business idol - then follow him. Ask for help. Read their book. Stick with them and make connections. Your surroundings dictate who you are going to become. You want business success - you stick to those who are successful. There are lots of business communities where you can find your next mentor and mastermind group. Just be there and pay attention. Do as they do or try imagining doing so. Put yourself in their shoes - How would I behave if I were them in a specific situation? Find the right person to guide you.
- Don’t transition your business to full automation and digitalization because it is fancy.
- Take your time to know your motives. Do not rush to making drastic changes. It may be your company culture or people or the business model either marketing isn’t done the proper way.
- Always be ready to change the picture. That would question my sanity. Yes or No. Who cares? People see what they see and they also see results.
In order to follow up with these simple techniques and self-mentoring lessons,please have a quick look at the following cost optimization system on 10 focus areas to bulletproof your business using Information Technology:
Digitalization of business processes
Moving organizations toward higher levels of appreciation for business processes as essential corporate assets remains a challenge in the digital business landscape. Develop an integrated approach that brings together the required competencies and expertise.
Continuous improvement culture
Sometimes, enterprises become trapped by the attitude of “this is what we’ve always done,” which can create waste. The directors need to work collaboratively with the team leaders, in order to identify and remove this waste, which is typically in the form of reworks or delays.
Customer self-service
Today’s customers expect answers quickly and on demand. CEOs need to establish a strategy to handle self-service technologies, which must be continuously updated and based on the customer’s perspective and experience.
Business Efficiency Optimization through Analytics
Don’t underestimate the value of analytics beyond conventional business intelligence. Advanced analytics can save lives, reduce customer churn rate and make equipment safer, utilizing the provided information to gain even single-digit percentage improvements in areas like customer retention or marketing responses.
Improving data management
Use enterprise information management to treat information as a company wide asset. This means people from across the enterprise will have access to data, and will be able to share and use that data to create business value through better and faster decisions.
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