Is your Business Adaptable? 3 Questions to Ask Yourself
Do you have an adaptable plan that guides your business into the future? We all need a roadmap to help us get to our destination-and that roadmap must have options for changes along the way. Many companies focus solely on day-to-day operations and do not realize how frequently they must adapt to survive and thrive in today’s rapidly changing world full of uncertainty, disruption, new technologies, and constant risk. As any successful business owner will tell you, remaining agile is a key component to success.
Here are 3 questions to ask yourself to help determine just how adaptable your business is.
- Are you focused more on past accomplishments than future goals? Perhaps, you have had a great quarter and profits are up, don’t let this take your focus off what’s ahead. Always maintain a strong sense of the next goal. You should be constantly working towards improving yourself and your business even if at the current time you are performing profitably and efficiently.
- Do you know what others are saying about you? Customer or client feedback is crucial to finding areas of improvement. The more you know about how others view your organization, the better you can adjust where needed. Having a better idea of what works or what doesn’t means you will know how to invest your time, money, and resources for the best return.
- Are you watching social, economic, business and technology trends? It’s vital to your success to be aware of all the changes around us that could have an impact on your industry. Ask customers what problems they need solved, attend networking events, read publications, keep in touch with colleagues, review your business on a consistent basis and most importantly, listen and look for changes.
This quick self-examination is just a start. Get the help you need to thrive! Call 410-952-6767 and get your free FREE S.W.O.T analysis today.
