No two decisions are made equal, some decisions can make or break your business.
“No matter how matter how big or small your business is, strategic decisions can either make your business much bigger, or much smaller,” says John Sanei, a South African, a trend specialist, business strategist, public speaker, businessman and entrepreneur.
Sanei has over 20 years experience working with companies and business leaders across industries around the world. He helps them with their strategic thinking, how to keep up and remain relevant in an increasingly fast changing world, as well as how they can position themselves for future innovative growth.
In his short video entitles ‘Your 4 best business decisions in 2016′ and beyond’ Sanei looks at the decisions that have helped create the business world as we know it.
Fortunately there is no need to reinvent the wheel, says Sanei, by following these 4 strategies, entrepreneurs also stand to benefit from their transformative powers.
1. Educate your staff
“It was motivated by a gentleman called Jack Welch, when he took over a business known as General Electric (GE), 15 to 20 years. He did something quite drastic. He fired 100 000 people and then he spent $50 million dollars on training the staff left behind. You see training the staff on an ongoing basis is an absolute necessity. The world is changing at such a rapid pace that you need to make sure that your staff are future fit and are able to tackle anything that the world is throwing at them.”
2. Get Out
“Get out of your office, make a list of 20 or 30 people that you think could motivate, inspire and just help you make better decisions. They could be competitors, clients, mentors or coaches. And get out of the office and have at least 3 or 4 meals a week with these sorts of people. The insights that you get from these sorts of people could dramatically shape or shift the next strategic decision that you make about your business.”
3. Think Globally
“We see a lot of businesses in Europe, the States, and around that part of the world been thinking globally for many many years, but now that we have high-end internet, and uncapped packages arriving in South Africa in the last few years, we have the same ability to connect with our counterparts around the world. So look up people in your industry around the world, and contact them, engage with them, and ask them questions. See how you can help them and how they could help you.”
4. Making incremental changes
“You see if you educate your staff and you educate yourself and what the world’s coming to. If you can understand that thinking globally is the next step that you need to be taking. Or if you look at meeting people out and about on a weekly basis, you are able to take all this information and make small incremental changes to your business on a daily basis. If you do that on a continuous process you will have a very very different business in the next 6 to 12 months.