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
bathroom cleaning service Northbrook ..Business rises and falls on leadership. According to business guru,... Read More
Storytelling and writing a business plan actually go hand in... Read More
1. Largest Selection -One way that you can make your... Read More
In 1989, Sony founded its Institute of Wisdom at the... Read More
Scenario OneDuring a recent presentation, a business owner was given... Read More
If you're a solo professional like I am, you know... Read More
Every new business owner knows that a business plan is... Read More
Entrepreneurs often give little if any consideration to their computer... Read More
With a heightened awareness of opportunity, ideas can often be... Read More
It doesn't take a Terrorist Act, Tsunami or Earthquake to... Read More
Microsoft Great Plains, former Great Plains Dynamics is excellent fit... Read More
What gets measured gets done.How do you keep your business... Read More
A survey released by the American Institute of Certified Public... Read More
Anyone who has been watching the Idaho Market Carefully for... Read More
After 128 years of business, a household word, Montgomery Wards,... Read More
If you own a mobile car wash business or auto... Read More
In this small article we'll concentrate on farmers associations and... Read More
Why do so many companies languish and watch as their... Read More
"Bozo" ? A clown with a forlorn look, always finding... Read More
Is there really anything as a problem? Does chaos or... Read More
I recently took an organizational behavior class where my professor... Read More
Many business start-up kits or consultants will tell you one... Read More
"Begin with the end in mind," says Stephen Covey in... Read More
I'm not talking about posting the HBO schedule on your... Read More
It's easy to lose sight of what needs to be... Read More
insured cleaning company Wilmette ..Have you ever done a SWOT analysis? No, it's not... Read More
The Accountability/Alignment Process: Three Steps to an Accountable Organization Generating... Read More
I've either been involved with or held a process-related role... Read More
When in doubt, cut that out! Yeah, yea, doubting Thomas... Read More
Every business experiences slower periods. For some, they sell more... Read More
When looking at Akron carefully one cannot help but notice... Read More
Do you work in or own a business that's affected... Read More
Let us look at a few of the big distribution... Read More
With a heightened awareness of opportunity, ideas can often be... Read More
Cassy was an employee of a nonprofit who had been... Read More
Is your business growing as fast and effectively as it... Read More
A significant advantage of some business ideas is that the... Read More
When developing the competition section of your business plan, companies... Read More
If you own a mobile car wash business or auto... Read More
A strategic alliance is when two or more businesses join... Read More
In Ohio: besides the 3-Cs you should look at Akron,... Read More
Many cities have home pages on the Internet. Many of... Read More
The format of a Business Plan is something that has... Read More
Business plan financial projections seem daunting because they are so... Read More
Mobile auto detailing equipment becomes very inexpensive around March each... Read More
We all know that nothing runs without a plan, and... Read More
One of the difficulties we face in our industrialized age... Read More
The first step in starting a restaurant is proper planning.... Read More
Remember reading "Alice in Wonderland?"She asks the Cheshire Cat, "which... Read More
How often does your company make a quantum leap forward?... Read More
Strategic Planning |