In the last three to four years through analyzis of many business elements of my clients I found that everything is happening around the same elements as 7 action steps that produce different habits of entrepreneurs. These 7 action steps also produce different results for different business.
Because everything is connected in some way with these 7 action steps they become important in our efforts for improvements.
These elements are shown in the form of a 7 action steps bellow.
You as an entrepreneur will always need to research something. You’l be collecting different types of information about everything inside or outside your business. These researches are important for your next action steps and decision making process.
The research can be about your internal processes, market, competition, products and services, customers… Each of these researches will give you valuable information for the decision-making process in your business.
The data that you collect from previous step will not be valuable for you and your business if they are not analyzed, studied and transformed in the form insights for your reference in the future. That mean they will need to be properly stored, sorted and evaluated in terms of relevance and significance for your business.
Any research should automatically lead to some kind of conclusion. What need to be extracted as a conclusion from analyzed data? Everything else will be based on that conclusions. The decision, strategy or plan that you’l be made, will be based in largely part on those conclusions.
The conclusions must be transformed in the form of a strategy and plan that will support the implementation of your strategy.
The plan is made to be implemented, rather than standing on the shelves. Once you finish your plan, don’t procrastinate, start with the implementation.
It is not good to start something and not know whether it is right or wrong after the implementation. Because of that you will need to measure your implementation process, which will tell you whether everything that you do is as you planned to be.
Measurement and the research will give you some conclusions about what is right and what is wrong. Everything that is wrong always can and must be improved to become right in the next or future cycles. Everything that is right you’l need to keep it right or improve it to be even better.
And of course, the process with these 7 action steps doesn’t end here, it continues from the beginning – the first step.
This is the cycle, not the process that has a starting and ending point. That’s the essence of successful businesses and the entrepreneurs who manage that businesses.
Question: Do you have the cycle of process that you implement in your everyday entrepreneurial job? You can leave a comment by clicking here.