In a discussion I had with Tyler Jensen, Founder & CEO of The Startup Garage, we talked about 4 tips to prepare your business for the big freeze, and have you thriving in 2016.
1. Furnace | The Heater of The Business
Behind every business, there's a heating system, a powerhouse of a team, supplying a warmth of knowledge and resources. It's true, teams are like furnaces; they need to be reliable, dependable, and have the ability to start and deliver "heat" regardless of season or circumstance.
Winter is the perfect opportunity to check in with team members to review how energy/time are being "spent," to ensure each team member is heating up to their full potential, while in alignment for the common good of the business.
The fate of your company depends largely on your team. Evaluate and examine what inspires, motivates, and increases the heat for your team members. Perhaps it's a weekly yoga session on-site? A weekly education talk? Working remotely once per month?
Flip on the power switch, and get your team fired up for success.
2. Storm Windows & Doors | The Protector Of The Business
It's fair to say that outside "temperatures" like the stock market, banking institutions, and technology, influence the internal temperature of a business.
Is your business protected and adjusting to the current and future market temperatures, or is your business frozen in time?
In times of "freezing" temperatures (whether in funding, manufacturing, or building a team) add an increased layer of insulation to your business by researching, documenting, and analyzing the following:
- Active Customers
- Registered users
The best protection for your business is knowing and understanding your business model from the inside out.
3. Ceiling Fans | The Reverse Engineer of The Business
Most people think of ceiling fans only on hot summer nights when they want to be cool.
However, ceiling fans also come with a handy reverse switch that changes the direction of the blades into clockwise rotation. A clockwise rotation reverses those cool breezes into warm circulation air.
Smart entrepreneurs know the power in reverse engineering success.
The four keys are:
- Determine the most basic level of the goal.
- Ensure that you are committed.
- Identify as many steps as possible that are required to reach the goal.
- Take action.
4. Emergency Kit | Tools for Business Survival
The road to success for your business is full of unexpected twists, turns, and various terrains.
No one enjoys getting stranded in a cold or dark home, but when you have a well-equipped emergency kit prepared, the situation becomes more bearable.
- A business survival kit should include the following 3 items:
- A strong Entrepreneurial network
- An air-tight business plan
- A strategic financial plan
Cheers to the continued success of your business in 2016 regardless of the season!