As we enter into the second semester of the year 2015, we need to understand what our business is doing in today’s market, which activities such as having better products, higher quality services and satisfying our customer’s needs we are doing. Also, we need to understand how we are doing them and how we are using our resources. It means understanding the new market trends while getting closer to our goals. Yes, we all have goals right? For those of us who have goals, keep moving forward towards them; for those who don’t, start having your own goals, create them and make them part of your daily routine.
Understanding our own business basics is today of critical importance. Business has been defined as a particular organization which encompasses all activities in the economy (primary, secondary and tertiary or more commonly named mining and agriculture, manufacturing and services). This means we buy certain goods from our suppliers and convert them into the goods and services that we and our companies provide to our customers. It provides a place for us to be creative and innovative and working to reaching our goals; one of them is that sales will be more than expenditures resulting in a profit.
Any enterprise then is that organization which is involved in the trade of goods and services to our consumers. However, regardless of your type and size of business or the industry you work in, you need to understand the basic concepts of Performance and Productivity as they will make the difference in today’s business world. And in doing so, you need to identify and use the measurements; information and metrics that come from your daily operations. Reporting figures and metrics in the right way will allow you, the manager and business owner to take the best steps and take the right decisions for your company’s future.
So are you ready to take on the second half of the year? Here are a few questions you would need to ask yourself and your team about your company’s performance:
- How is your company in terms of revenue and profit if you compare it to the first half of 2014?
- How far advanced are you in reaching your 2015 goals?
- What new skills and knowledge have you developed?
- How many more people have you met and how many new clients do you have?
- Are you already thinking of new products or services? Or are you working on improving your current ones?
These are some of the many questions you should start asking yourself and your team and start working on making the second half of 2015 your best ever!!!
Luis Vicente Garcia