Business and Business Owners across are preparing themselves physiologically and financially in facing unpredictable Business situations.
Being Flexible with #Customer and #Suppliers is key to #success during tough times.
To sustain through the tough times and emerge as Market Leader, Practice the Dynamic Approach.
# Approach during periods of Less Business
1.Speak to your key customers on:
- Customer’s Business next few weeks
- Discuss on customizing/tailoring your offerings
- Money (delayed payment or discounted price)
- Size (deliver in smaller batches)
- Time (deliver with shorter time scales)
2.Speak to your suppliers/vendors on:
- Partnerships for new business
- Referral bonus for leads
- Profit sharing for business generated
3.Brainstorm with your employees on:
- Getting new Business – Social media promotion, Referral bonus for leads, Profit sharing for business generated
- Re skill/Up skill – Webinars by Internal leaders, Share free articles,
- Document & Refine business process – Prepare check list, Existing business flow, Identify redundant steps/processes, Define New business flow
4. Practice Dynamic Approach (in all ups and Downs of your Business)
# Approach during periods of Normal Business
1.Speak to your key customers
- Feedback on deliverable
2.Speak to your suppliers/vendors
- Partnerships for new business
- Referral bonus for leads
- Profit sharing for business generated
3.Brainstorm with your employees
- Getting new Business – Social media promotion, Referral bonus for leads, Profit sharing for business generated
- Optimize Cost – Optimize Operations, Optimize manpower, Optimize material/machines
4. Practice Dynamic Approach (in all ups and Downs of your Business)
# Approach during periods of More Business
1.Speak to your key customers
- Prioritize the requirements
- Size (deliver in smaller batches)
- Time (deliver with shorter time scales)
- Feedback on deliverable
2. Speak to your suppliers/vendors
- Align with prioritized customer requirements
3.Brainstorm with your employees
- Consistent Delivery – Prepare & follow check list, Gain regular customer feedback, Implement customer feedback
- Optimize Cost – Optimize operations, Optimize manpower, Optimize material/machines
4. Practice Dynamic Approach (in all ups and Downs of your Business)
Magical Music is the result of synchronization of thoughts and actions with purpose, among the Business Owner and Employees in dynamic situations.
—————————————————————-
Sivaram Athmakuri is Founder & Director of LeaderGains Pte. Ltd., an expert Coach, Consultant and Trainer. He has 25 plus years of Managerial Experience with strong technology expertise. He empowers Organizations, Management, Leadership, Program / Project Managers & teams, etc. in areas of Executive Coaching, Strategic Planning, Dashboards for C-Suite, Setup Project Management Office, AgileTransformation, Risk Management and Product Development. He believes in spending more time listening to Customer and understanding unique strengths of their existing environment helps him to generate the long lasting results faster with lesser friction.
