1. Plan the following day at the end of each day
This is the time your mind is most clear. If you try to plan your day in the morning, you become distracted by your e-mail, your voicemail, the telephone, your employees, your customers, and so forth. It’s nearly impossible to think rationally about your priorities when you’re being pulled in 10 different directions. It’s also a good idea to plan the following week at the end of each week, plan the following month at the end of each month, and plan the following year at the end of each year. Make this part of your regular routine. If you follow no other piece of advice on this list, follow this one. I guarantee you this simple change will increase your productivity more than you can imagine.
Posted on Nov 1, 2012 by Wardell Admin
Rachel Mendleson has put together an excellent article for the Huffington Post.
Of note is Canada's shift towards oil, gas and mining as a key driver of the economy.
The chart below (via Huffington) shows the decline of manufacturing as a percent of GDP and the increase of the natural resource sector over an 11 year period.
So is this a bad thing?
Too many eggs in one basket?
Doom and gloom?
Business is simply going where Business goes.
As the US continues it's economic sputter, China has become a source of real opportunity.
Working with private business across the world, we see this situation Canada faces reflected in individual businesses again and again. Do I follow the money trail? Do I stay with what has brought us this far?
The answer is usually a diversified approach.
Completely abandoning a product or even a strategic direction may make sense in some cases, but many times a mixed approach of retaining a company's history, customer base and core while pursuing a new opportunity is the best recipe.
To read more about Canada's shifting direction read the full article from the Huffinton Post here.
To analyze your own business strength take the Wardell Business Strength Test. (free, online and private)
Posted on Oct 15, 2012 by Wardell Admin
1. Up-sell to your customers
For starters, they already know and trust you, plus they have demonstrated a willingness to buy. So if they are given the option of a volume discount, for example, they just might jump at the opportunity to buy more.
2. Cross-sell to your customers
People appreciate convenience and choice. Be sure to provide both by making additional products or services available that complement and enhance your customers’ buying experience. For example, if a customer buys a product from you that requires batteries, be sure to offer him batteries at the time of purchase. Otherwise he’s likely to be frustrated when he gets home and discovers that he needs to head back out to get some batteries… possibly from someone else’s business..
Posted on Oct 11, 2012 by Wardell Admin