Good farm left alone without attention will be overthrown by weed, rodents and disease. This same phenomenon is applicable to a business that looks good at inception and suddenly the lucrative business decline sharply in growth and in profitability.
The weeds, the rodents and diseases has taken their toll on the business.
What are the weeds in business?
Competitions are the weeds in business, when what you are doing is successful, there are other observers who are taking note and they also want to do the same thing.
The only resource resident in your business which is your special knowledge and skill are actually not a secret and with free flow of information, other people will soon discover what you are doing and they will bring another product or service similar to yours and they will offer it to the market.
Like a good farmer who not allow weed to kill his crop, you also must not allow completion to kill your business too. You can only do this by staying abreast of and development around you and keep improving your product or service.
Rodents in your business.
This could be represent in your business by your internal staff, outsource staff or even your suppliers. If don’t have a very good business system and checklist that will make it possible to monitor the activities going on in your business, then the negative activity of your staff can ruin your company.
Even a well meaning staff who don’t know what to do and the time to do them is a rodent who is busy nibbling away the fabric of your business.
The antidote to rodent in your business is to put a system in place that will help you to monitor activities in your company even when you are not there physically.
Like a good farmer will set trap to catch the rodents, you must put system in place to help your staff to perform at their best.
Training and retraining of your staff and support staff is not optional it is one of the key ingredients that will make you to survive in business.
Disease in business
Disease in business are like that of crops are many and of different kind. In business it could come in term of incompetent management.
New technology also can render your business obsolete overnight (like that of cell technology and the land line phone).
Government policy can make your business suffer stroke and eventually die. A good farmer will always protect his crop against disease by applying best farming practices. As a business man who what his business to survive for many generations, you must not leave your business to chance.
I believe today is the best time to call “Mr. Entrepreneur” so that together with you, a system that will put your business a world standard will be put in place, and then you can have the time you need to enjoy your family and wealth while your business will be working for you 24/7
Tony Egba
+234-0803-80-7674
Tropicalentrepreneurs.bogspot.com
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