35 Questions to Generate Ideas and Opportunities for Your Business
35 Questions to Generate Ideas and Opportunities for Your Business
One of my favourite mantras is Reflect, Revisit, Review and Refresh. But how do you do this effectively when it comes to your business?
First of all you need to do it thoroughly to make it worthwhile and, if the last week of August is typically a quiet time for your business, it’s a great week to do a bit of work on your business before things ramp up in early September.
Secondly, I’m a big fan of getting back to basics with anything like this so ditch the software and screen and get yourself a giant piece of plain paper and some coloured pens.
You might want to start by clearing your mind. I find spending time in nature helps me with this, so I’ll often go for a dog walk before I do some planning. Whatever works for you, find a space that encourages creativity and relaxed thinking, grab a cuppa and settle in.
Reflect
Start by looking back over your year:
What stands out??Which projects went especially well? Which areas of your business need to be tightened up or improved?
Next, assess your client base:
Who is noticeable as a great client? Who do you think you could be more proactive with? Who has gaps in what you provide for them? Can you fill those gaps? Is there an upselling opportunity?
Revisit
Now to get into a little more detail:
What was it about the good things that were good? What needed improving because things didn’t run so well?
Jot down everything from facts and figures to feelings. They are all relevant as often our gut feel is the only thing we have to go on when making decisions. Have you got a client who is ideal on paper, but the chemistry isn’t there or you’re not getting the results you envisaged? Sometimes this is down to commitment from the client’s side so it’s worth trying to dig deeper and understand what’s missing. How can you bring out their enthusiasm? Could you explain things differently to them? Or is it just a mismatch and not worth the pain?
Review
What’s the reality when it comes to your business? Times change and it’s important that your business reflects this. Do you need to review your?ideal client avatars ?for example?
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Consider your various income streams:
Which are working well? Which might need more promotion? Do your clients know about everything you can help them with??Which might need to drop off due to lack of interest or client needs changing?
Importantly, you also need to consider your pricing:
Is it right? Too high? Too low? Have some services evolved and therefore warrant a price review?
Refresh
What actions do you now need to take? How will you convert these thoughts into changes for your systems and processes?
Are your client touch points right? Do they need updating as a result of your review?
What about your templated communications? Do you need to revise the wording of your terms and conditions or engagement emails?
Finally, turn around and look to the future: Do your goals need updating? Have you reached a place you thought you never would? Does this warrant new horizons and refreshed targets?
Is that everything? Have you missed anything?
In conclusion
It’s incredibly powerful – and important – to go through our businesses with a fine-toothed comb. Often, we are so caught up in delivery, we don’t remember those little lessons we learn along the way. I’m a huge fan of not reinventing the wheel so spending time capturing these thoughts and realisations and then transferring them to the safety of your systems and processes feels like very worthwhile progress.
However, if it all seems a little overwhelming or you don’t know where to start,?get in touch . I love working through this with clients and can help with planning, reviewing or refining anything from delivery processes to customer journeys.
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At Blake Consultants, we’re experts in helping businesses just like yours to grow. An extra pair of eyes, some knowledge and experience or a canny question here and there can yield amazing things. Give us a call on 01635 592020 or email?[email protected] ?to find out more.
Helping business owners plan for when they stop being business owners. Planning their exit so that it's on their terms, maximising the sale value for their life's work
2 年Great ideas Julia Blake. Should be done at least one if not twice a year.
Investor & Mentor | Turning Owner-Led Businesses from 'Jobs' into 'Assets', so owners can step back and still get paid handsomely | Lessons in Leadership, Business, and What Matters in Life
2 年These are an incredible set of thought-provoking questions. Thank you for sharing them with us
Award-Winning Public Speaking Expert, Lady Toastmaster and Ceremonies Celebrant, Creating Special, Unique & Memorable Events. #IamRemarkable Facilitator
2 年A great list to help and support and so love this mantra ??
? Purpose Led Business Coach ? Scaling up / Growth Coach ? Unlock your business' full potential by putting purpose at the heart of your growth strategy ? Host of Sparks by Ignium Podcast
2 年I think your line "we are so caught up in delivery, we don’t remember those little lessons we learn along the way" is so true - taking time out to reflect is essential!
Not Just Travel Director | ABTA Bonded Agent, Expert Travel Planner for busy high income professionals
2 年This sounds like some really great advice!