Beestings: Where's your strategy?

Is your business very busy getting a lot of stuff done - but not sure where it's heading? This week's guaranteed-under-two-minute read helps look more strategically at your business and give it some direction.

It's great to see those entries streaming in now for The David Awards. If you haven't thought about entering, take another look at the categories - there's something for everyone (fledgling, one-person or established businesses, as well as awards for innovation, triumph over adversity, lifestyle, marketing, community-mindedness and a People's Choice section as well.) Which ones suit your businessSign up to enter here.

Article of the week

Selling the business can often be a distant goal, and not one we tend to focus on - but for many, selling is the chosen exit strategy, and a way to help fund retirement. Phil Astley has some sobering advice - including don't leave thinking about it till too late.

Also popular:

Michael Todd suggests getting a promise to pay in writing is a valuable debt collection strategy (and he explains why it gives you a legal edge), and Mike Hendon details six ways to get word of mouth marketing working for you.

Tip of the week

It's all very good to do well in the day-to-day stuff in your business - but are you forgetting the big picture? Do you have a strategy for your business? Develop game plans for various possible scenarios, and know when the factors which bring each one into play are starting to emerge.

You wouldn't expect your favourite sports team to just be good at one particular aspect of their game. It's the same in business - developing skills, tactics, depth and strategies will put you at the top of your game too. Be your own coach, look at what works and what doesn't, and constantly push for excellence. When you get to mark a major milestone, acknowledge those who've helped in your success, then set your sights on the next goal.

Hot spot of the week
Whether it's a strategy document, a presentation or just an internal memo, adding pictures can clarify what you are talking about and make your document more interesting and memorable. However, a lot of graphic programmes can be difficult to learn or far more complex than needed. There are a number of online alternatives worth a look. Try Canva for graphical designs, PicMonkey for photos and Infogram for infographics and charts. And if you just want a quick screenshot, using the Windows Snipping Tool if you have it, or a simple alternative if you don't, you will push up your productivity and cut your stress. Try giving one of these a whirl.

Quote of the week

The essence of strategy is choosing what not to do.
- Michael Porter

Wishing you success and fulfilment!
Heather and the Bizbuzz Team