Albert Einstein said “The definition of Insanity is Doing the same thing over and over and expecting different results”! Yet, in business we see this pattern and similar thinking every day. You will no doubt remember businesses such as Woolworths, Blockbuster Video and others, who thought they could continue; well of course they once had a business model, which worked really well.
Then the world changed; we embraced technology and online or eBusiness. Woolworths and Blockbuster Video decided that there would always be a place for their products and for the way in which they sold them. They were right in part of course, as humanity is made up of so many demographics and diverse needs that at least a small portion of us will always wish to “do the same thing we always have”.
However, not taking stock, changing or adapting to change when everyone else does usually leads to a business’s demise, as in the case of the aforementioned duo of companies. There are many more examples of this throughout recent history of course.
To begin to change is hard, but to fail to change is harder – that quote is just mine I’m afraid (but probably someone has said this before!), but it’s something I hold to when reviewing businesses and where they should make their own changes. Once you know where you’re starting from and have begun to change, there is usually no going back.
So, think of the way you manage your business; some of you will be reading this thinking that you know your staff, you know your customers and you may be thinking that there isn’t much you could do to change how you do business. You could be wrong!
Businesses come in all shapes and sizes and with complex customer bases; they have differing products and services and may target different demographics, but they all have one key thing in common – They will only grow and succeed with “Structure”.
So, perhaps you would like to take a moment to review whether your business has Deliverable Plans for the future, does it have the Right Skills and Internal Knowledge to succeed (No, not just trusted employees, which is very important, but alone won’t help you get where you wish to be), does it have processes that are used, understood and which demonstrate effectiveness and efficiency?
Perhaps then it’s time to check if things are in order and if you have the “Structure” required to take your business to the next level and beyond?
Why not take our free 5-minute Business Diagnostic test and see how your business is performing today; you might be surprised!