Twice a year, Bill Gates goes to a remote island hide-a-way for a week at a time. No, he's not going for a fishing vacation; instead of rods, reels, and lures he takes market analyses, position reports, engineering reports, and opportunity papers. In solitude he reads and thinks and reads some more, writing notes in the margins then composing questions, thoughts, and his own positions that will impact the future of Microsoft and the entire technology industry for years to come.
Getting away from the daily pressures for an extended period of careful thought and consideration in his "Think Weeks" are the way Bill Gates works on the vision of the company, determines what new projects to pursue, and plans for the future. It is the same rigorous work and thought process that CEO's of every business should pursue. Do you?
Now, I'm not suggesting that you should take a "Think Week" twice a year. Your business is much less complex than Microsoft. But, if your business is to remain competitive in this business environment and grow, you must take some think time. Maybe you need to take a "Think Hour", a "Think Afternoon", a "Think Day", or even a "Think Weekend" with no telephones, no people, and no distractions. Go off onto that remote island (even if it is just behind your closed door with a "do not disturb" sign and a disconnected phone) to put the interruptions of the day-to-day far away. Have an agenda. Ask yourself some hard questions:
"Is the business on track to fulfilling my vision?"
"Is the growth rate or profit rate on target"
"If not ? what can we do to improve it?"
"Where is my industry headed in the next five years and how do I position my business to take advantage of the changes?"
"What changes in our company culture, policies, strategies, and tactics are necessary and how do we implement them?"
If Bill Gates can get away from his multi-billion dollar business for two "Think Weeks" a year, you should be able to do it for two "Think Afternoons." It will make a difference.
Larry Galler, a Coach and Consultant, works with Owners and Managers of small and mid-size businesses to substantially increase sales volume and profitability through creative marketing strategies and streamlining or eliminating "administrivia."
To learn about ways Larry helps businesses acheive their goals visit http://www.larrygaller.com
taxi to O'Hare Belle Rive .. Lockport Chicago limo O’HareDiversify - to make diverse, give variety, to balance, to... Read More
This will make some people angry as hell, but it's... Read More
Microsoft Great Plains, former Great Plains Dynamics is excellent fit... Read More
It's easy to lose sight of what needs to be... Read More
GETTING STARTED WITH SUCCESSION PLANNING: PART IA survey of 4,300... Read More
Writing a Business Plan these days is tough, venture capitalists... Read More
After 128 years of business, a household word, Montgomery Wards,... Read More
Strategic planning is vital while starting a new business or... Read More
Business owners and entrepreneurs are, by nature, risk takers and... Read More
The day you decide to take the plunge and work... Read More
All investors greatly desire and are motivated by a clear... Read More
American Eagle Outfitters and Wet Seal Stores have issued statements... Read More
While writing an article recently on effective ways to bridge... Read More
I. INTRODUCTIONThe term resilience, which is of frequent use in... Read More
Franchised companies often require what some believe to be excessive... Read More
"Bozo" ? A clown with a forlorn look, always finding... Read More
What do Mark Victor Hansen, Robert Allen, Anthony Robbins, Andrew... Read More
Anyone who has been watching the Idaho Market Carefully for... Read More
The format of a Business Plan is something that has... Read More
Writing a business plan to help you direct and manage... Read More
How are you feeling today? Good, not so good, great?... Read More
No "meme" isn't a typo and Got Milk, the more... Read More
Storytelling and writing a business plan actually go hand in... Read More
Many of us are discouraged by the networking events that... Read More
From time to time there seems to be a flurry... Read More
ohare limo service Bristol ..You have invested a lot of time and energy on... Read More
Scenario OneDuring a recent presentation, a business owner was given... Read More
Obviously, there will never be an actual water shortage since... Read More
Human beings are rational agents. Rationality endorses one to take... Read More
In today's rapidly changing and highly competitive markets, many privately... Read More
How often does your company make a quantum leap forward?... Read More
Strategic planning and consulting is the strategy roadmap to manage... Read More
"Did you hear what your competitor is doing?" This question... Read More
Running a business, whether it be an offline multi-billion dollar... Read More
Twice a year, Bill Gates goes to a remote island... Read More
Imagine spending the same amount of money on marketing and... Read More
Business owners and entrepreneurs are, by nature, risk takers and... Read More
You know you need a business plan. You probably realize... Read More
Ask Yourself three simple questions that affect your strategy planning...... Read More
Too much goal setting and strategic planning can leave you... Read More
If you are a manufacturer wanting to use your business... Read More
What gets measured gets done.How do you keep your business... Read More
Where would your business be without a proper plan? A... Read More
The Accountability/Alignment Process: Three Steps to an Accountable Organization Generating... Read More
Franchised companies often require what some believe to be excessive... Read More
Diversify - to make diverse, give variety, to balance, to... Read More
The format of a Business Plan is something that has... Read More
Business plan financial projections seem daunting because they are so... Read More
Last week we talked about a few of the ways... Read More
Note to Northwest Airlines ? It's not about fuel costsFor... Read More
Strategic Planning |