Strive for Incremental Progress

Saying “I am perfectionist” might sound good, but it is not helpful for Entrepreneurs.

Entrepreneurs are generally impatient. They need to see the fruits of their innovation right away. If they wait to perfect it, they might get bored and move on to something else. The market will not wait either – getting it to the market first is the name of the game.

As Entrepreneurs grow their business, they should be striving for measurable, incremental progress on established goals rather than perfection at a point in time. Sustained progress, even in small measures, in the right direction is desirable than perfecting some aspect of the product, process or service without overall forward movement.

An idea that is ninety percent complete and implemented is better than something that is not put into practice as it waits to be perfected.

While perfection might be appropriate for artists and scientists, Entrepreneurs need to be progress driven! Show leadership by demanding progress from your employees instead of perfection.

Ravi Patel

http://www.patelCFOservices.com

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Executing Things Well

Many people with good ideas keep on dreaming of making it big. But they don’t (or can’t) as they do not put their ideas into practice. Not executing your vision gets you nowhere except in your dreams.

“Vision without execution is a daydream. Execution without vision is a nightmare” – Japanese Proverb.

Entrepreneurs can make their dreams into reality! How?

Taking on any major project begins by breaking it down into smaller tasks. (How do you eat an elephant? One bite at a time.) First, break down your project (dream) into smaller, discrete, meaningful segments.

Then establish measurable milestones with a realistic timeline – goals! Get your organization committed to these goals and monitor periodically progress towards achieving the established milestones. Disciplined activity towards achieving these goals will eventually lead to fulfilling your Vision.

If one puts realistic and measurable milestones with timelines on dreams, they could become goals for success!

Ravi Patel

www.patelCFOservices.com

 

Published in: on February 9, 2016 at 4:25 am  Comments (3)  
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Customer Service – A Strategic Goal

Customer service is what really differentiates you from your competition. What are you doing to win that war?

Most Entrepreneurs realize the value of excellent customer service and attempt to emphasize that in their company. It is in their website and brochures and employees are instructed to treat customers right.

But, how many Entrepreneurs have adopted providing excellent customer service as one of their strategic objectives? In order to permeate the importance of customer service in your organization it has to be treated as a key goal of the company.

Like all other strategic objectives, there should be a specific SMART goal(s) related to customer service with measurable benchmarks and periodic tracking of progress. The management team should come up with ongoing programs to improve customer service and implement them throughout the company.

You can enhance customer service only if you treat it as a strategic goal.

Ravi Patel

www.patelCFOservices.com

A New Dawn in 2012

As you take on 2012, it is time to take a “Balance Sheet Review” of your business; not the true accounting numbers kind, but philosophically similar.

Entrepreneurs should evaluate their “assets” in the business – products/services, secondary leadership, people, customers, processes, etc. This should establish the strengths of your business to either build upon or further improve in 2012.

A determination of your “liabilities” will give you an idea of the weaknesses that need to be focused on in 2012. These “liabilities” need to be mitigated or converted to “assets” so that you can utilize them for success during the year.

By performing a “Balance Sheet Review,” Entrepreneurs can set their priorities, resolutions and goals for 2012 – a new dawn!

As Napoleon Hill said, “Hire good people, make money, and have fun,” in 2012!

Ravi Patel

www.patelCFOservices.com

Strive for Progress, Not Perfection

How often have you heard someone say “I am perfectionist.” It might be good, but it is not helpful for Entrepreneurs.

Entrepreneurs are generally impatient. They need to see the fruits of their invention right away. If they wait to perfect it, they get bored and move on to something else. The market will not wait either – getting it to the market first is the name of the game.

As Entrepreneurs grow their business, they should be striving for measurable progress on established goals rather than perfection at a point in time. Sustained progress in the right direction is desirable than perfecting some aspect of the product, process or service without overall forward movement.

An idea that is ninety percent complete and implemented is better than something that is not put into practice as it waits to be perfected.

While perfection might be appropriate for artists and scientists, Entrepreneurs need to be progress driven! Show leadership by demanding progress from your employees instead of perfection.

Ravi Patel

www.patelCFOservices.com