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    NEED COVERAGE, LIKE YESTERDAY?

    Whether you just closed a huge new account or if you are moving into that sweet new office; chances are you need proof of insurance - and you need it fast!

    Here @ Insurance4Technology, we utilize the best insurance tech available to turn around customized quotes catered to your exact needs in hours, not days.

     
    Thursday
    Nov212013

    Are You Goal Planning for 2014 the Right Way? 

    There are less than six weeks left before the new year. Chances are good that your business has experienced a decent 2013. If this is the case, CONGRATS! However, don't get too excited... The economy is rebounding, the Dow Jones is at an all time high and unemployment continues to trend downward. Much of the growth that businesses are experiencing is due to these favorable circumstances. This economy lends itself to grow your business exponentially with good planning. Whether you are a one person operation or a conglomerate, all businesses should plan and project at least a year ahead. The question is, are you planning the right way? 

    we are not a management consultancy and not suggesting that our way is better than yours or any other business out there. We are however a business insurance brokerage, meaning that we talk to business owners all day, every day. We have close insight to how technology related businesses operate and plan for growth and success. You may already be using these techniques, but here are a few valuable suggestions that we have picked up over the years that you may want to incorporate into your planning for 2014 and beyond:

    • Business goals can be tied to employee personal goals. Sure, you ask your sales staff to provide projections, you may get the classic "dartboard projections" where numbers are thrown at you out of nowhere. Try asking staff what their personal goals are first... Getting to the route of what drives your employees will surely lead to help them reach their business goals. Then you can backtrack and relate their personal goals to business and how they can reach both. Happy employees make good employees. If they are reaching their personal goals they are probably more likely to reach their business goals.
    • Consider expanding your product or services. Technology changes by the minute which means consumer demands and expectations change just as fast. Are you providing enough of a solution to win customers or letting a competitor win by providing added services? Chances are you or your staff know enough to be able to provide the same services, but you may not be communicating it as well as your competition. 
    • Use the "Buddy System." Unless you make something like this, your business is probably not unique. Try to find a business similar to yours to share ideas for growth. Reach our to a business that might serve a different market so they are not your competitor, but can work with you to reach common goals. You can save a lot of time in trial and error by joining groups and sharing what has worked or not worked in their business planning. Share ideas with people you trust before investing your time and money.
    • Get away from the office to plan. It's too hard to be creative and stay focused on business planning with phones ringing and other interruptions that distract you from the primary purpose of planning and goal setting. Consider a day or overnight retreat with owners and key employees to only work on planning. You may want some structured outline, but get creative! Lose the cell phones and work as a team. It's better to risk looking dumb brainstorming for ideas than to go out of business by not!

    Have additions, comments or suggestions to share? Feel free to leave comments below. We love to hear how businesses plan for success. Hopefully you are taking some serious time to consider your personal and business goals for 2014 and beyond, but remember that planning does noting without implementation.  

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    Reader Comments (1)

    Any changes on commodities ?

    August 13, 2015 | Unregistered Commentersgx nifty

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