Business Chops Tip #68: Is Your Firm Learning from All Its Experiences?
As the new year begins, we all tend to take a moment to reflect on the past year. In the asset column go ALL your company¹s experiences whether they were good OR bad. Why include the "misses" along with the "hits"?
It's because no experience is wasted; your firm can make course corrections only if you have the experience to guide your vision into the future. It¹s wise to focus on positives; it¹s even wiser to chalk ALL experience up to "good" if they lead to growth. Simply ask yourself: What worked? What didn¹t work? Astute business leaders learn from both.
Author's Note: Creative and technical professionals (from musicians and actors to designers and engineers) rely on their "chops": those skills and techniques that they use to be successful on the job. Stiernberg Consulting coined the term Business Chops to encompass those skills, experience, and tactics that you rely on to be more successful. Whether you are a dealer, manufacturer, distributor, rep, or design firm, this series includes tips and techniques for optimizing sales, profits, and growth of your Custom Retail business.