If you're a listener of Team 1040 radio you may have recently heard Mark Wardell offering business tips in five unique radio spots. In case you missed them you can now read and listen to each one below. You can also take the free Business Strength Test right now.
Tip #1: Plan your day the night before
If there’s one challenge every business owner has, it’s how to fit more hours into the day. Today’s business tip is to plan each day at the end of the day rather than the morning. If you try and plan in the morning like most people do, you’ll likely be distracted by email, voicemail, employees and so forth but at the end of the day your mind is clear and free from distraction.
Tip #2: The Three by Three Rule
Hiring the wrong people is one of the most expensive and damaging mistakes any business owner can make. Today’s business tip is the 3×3 hiring system. Before saying “yes” to a new candidate, conduct at least 3 different interviews involving at least 3 different people from your team, in at least 3 different environments. This extra time and effort you put in will pay off again and again.
Tip #3: Increase sales with existing customers
If you’re looking to increase sales, your best source of new business is always your existing customers. Today’s tip is to make sure your existing customers absolutely love you. If they do, they’ll buy more from you, buy new products or services from you, and send you a steady stream of fantastic referrals.
Tip #4: Set clear, measurable goals
Many businesses struggle to consistently hit their targets. Today’s business tip is a simple way to keep everyone on your team focused and on track. Make sure every individual in your company has a short list of clearly defined, measurable goals that are tracked on a monthly basis and reported to their manager.
Tip #5: Get the right people in the right positions
When business owners try to change the behaviour of their employees, they often use money as a motivator but rarely does it work and when it does, the changes are typically short-lived because the old habits eventually return. Today’s business tip is to make sure you’ve got the right people in the right positions with the right set of goals first, then you can worry about compensation.