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Inciteful

Solid Foundations

Lawrence Potter - Monday, April 25, 2011

With an ever changing world, just think since January 2011 we have had, floods, cyclones, earthquakes and of course broken promises from governments (local, state and federal), all of which provides us a catalyst to reflect on how we have built our businesses.

At Incite our foundations are built of four solid platforms:

  • PEOPLE
  • PLANNING
  • PERFORMANCE
  • PROFIT

These four platforms are central to all businesses across all industries. As Business Owners we need to be regularly reviewing our capabilities and resources at our disposal and ensure that we have aligned our development strategies for growth.

So if you are looking to:

  • Grow your sales;
  • Improve your bottom line;
  • Implement marketing strategies that work;
  • Get funding to grow your business;
  • Outperform your competition;
  • Take the business global; or 
  • Develop a profitable exit strategy.

The look to see if your business is built on a solid platform based on

  • PEOPLE – the right personnel with the appropriate skills and experience;
  • PLANNING – an aligned business action plan that covers all aspects of the business and budget to support the execution of its strategies;
  • PERFORMANCE – a series of control measures to ensure that the employed resources are being utilised to achieve the optimal return; and
  • PROFIT – financial and non-financial goals and targets that truly reflect the real market conditions as opposed to the “nirvana” result.

As Bob Dylan once wrote “Times they are a changin” and yes they are.

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