Twice a year, Bill Gates goes to a remote island hide-a-way for a week at a time. No, he's not going for a fishing vacation; instead of rods, reels, and lures he takes market analyses, position reports, engineering reports, and opportunity papers. In solitude he reads and thinks and reads some more, writing notes in the margins then composing questions, thoughts, and his own positions that will impact the future of Microsoft and the entire technology industry for years to come.
Getting away from the daily pressures for an extended period of careful thought and consideration in his "Think Weeks" are the way Bill Gates works on the vision of the company, determines what new projects to pursue, and plans for the future. It is the same rigorous work and thought process that CEO's of every business should pursue. Do you?
Now, I'm not suggesting that you should take a "Think Week" twice a year. Your business is much less complex than Microsoft. But, if your business is to remain competitive in this business environment and grow, you must take some think time. Maybe you need to take a "Think Hour", a "Think Afternoon", a "Think Day", or even a "Think Weekend" with no telephones, no people, and no distractions. Go off onto that remote island (even if it is just behind your closed door with a "do not disturb" sign and a disconnected phone) to put the interruptions of the day-to-day far away. Have an agenda. Ask yourself some hard questions:
"Is the business on track to fulfilling my vision?"
"Is the growth rate or profit rate on target"
"If not ? what can we do to improve it?"
"Where is my industry headed in the next five years and how do I position my business to take advantage of the changes?"
"What changes in our company culture, policies, strategies, and tactics are necessary and how do we implement them?"
If Bill Gates can get away from his multi-billion dollar business for two "Think Weeks" a year, you should be able to do it for two "Think Afternoons." It will make a difference.
Larry Galler, a Coach and Consultant, works with Owners and Managers of small and mid-size businesses to substantially increase sales volume and profitability through creative marketing strategies and streamlining or eliminating "administrivia."
To learn about ways Larry helps businesses acheive their goals visit http://www.larrygaller.com
disinfecting cleaning services Arlington Heights ..Making money doesn't make your reputation... your reputation makes you... Read More
Whether you are seeking capital for your company or are... Read More
I. INTRODUCTIONThe term resilience, which is of frequent use in... Read More
Where would your business be without a proper plan? A... Read More
There is a story, about a business owner who wasn't... Read More
( * - the word 'product' can be substituted to... Read More
Ask Yourself three simple questions that affect your strategy planning...... Read More
In most business plans, no matter how striking the idea,... Read More
In Ohio: besides the 3-Cs you should look at Akron,... Read More
Does your overall business strategy include the recruitment of college... Read More
Richard L. Daft one of the country's recognized academic leadership... Read More
Every business experiences slower periods. For some, they sell more... Read More
Here is an abstract thought on studying nature and the... Read More
All investors greatly desire and are motivated by a clear... Read More
Microsoft Great Plains does wonderful ERP job for horizontal markets... Read More
Writing a business plan is an essential part of the... Read More
The Accountability/Alignment Process: Three Steps to an Accountable Organization Generating... Read More
There is so much small business information available today that... Read More
A well known, national chain of restaurants discovered that certain... Read More
Conventional wisdom has it that there are only three ways... Read More
You know you need a business plan. You probably realize... Read More
Last week we talked about a few of the ways... Read More
Are you frustrated by the lack of growth in your... Read More
I read once that something like 30 percent of all... Read More
After 128 years of business, a household word, Montgomery Wards,... Read More
bathroom cleaning service Mundelein ..Have you been in a "brainstorming" session where each person... Read More
It's easy to lose sight of what needs to be... Read More
Fun From The StartFor those with the will to start... Read More
Twice a year, Bill Gates goes to a remote island... Read More
If you own a mobile car wash business or auto... Read More
When developing the competition section of your business plan, companies... Read More
Is there really anything as a problem? Does chaos or... Read More
There's nothing automatic about corporate growth, particularly in the information... Read More
One of the key challenges for any business is to... Read More
Creativity is one of the greatest tools for success in... Read More
Do you work in or own a business that's affected... Read More
You might be thinking to yourself, "Why should I waste... Read More
In 1997, David Steele was making the transition from a... Read More
Strategic alliances are increasing at a rapid rate. It is... Read More
More than $117 billion passed hands from Internet shoppers to... Read More
How you finance the expansion of your business is important.... Read More
Canada's lean leaders need to look beyond the horizon and... Read More
If you own a mobile franchise business and wish to... Read More
What do Mark Victor Hansen, Robert Allen, Anthony Robbins, Andrew... Read More
Most companies that are worthy of raising venture capital have... Read More
After 128 years of business, a household word, Montgomery Wards,... Read More
Note to Northwest Airlines ? It's not about fuel costsFor... Read More
Business seems to drop, slow or even stop during the... Read More
Making money doesn't make your reputation... your reputation makes you... Read More
No matter what product or service you provide you will... Read More
Strategic Planning |