Why? Why not?

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These may be the two most important – and least-asked – questions.  “Why?” makes you think about purpose.  “Why not?” opens you up to new possibilities.

Let’s start with why. The answer to this question identifies the reason behind a decision or an action.   It is purpose.  Motivation.

If you are making sound decision, your why for anything you do is based on your values, your passion, and your goals.  A trifecta of motivation.  The reason for doing something is due to your strong belief that it is right and good to do based on what is important to you, and it helps you reach an objective or milestone.

In business, why has huge implications.  Every action your team performs, every product or service you sell, and every decision you make should move you toward your goals and be in line with your values and purpose.  If not, you are wasting both time and resources.  Can you afford to do something simply because you’ve always done it that way without considering a new approach?  Should you even be doing it at all?

Of course, to answer these questions you must know your purpose, values, and goals.  Not in some vague way but with specificity and clarity.  If you can’t do that, this is your starting point.

Let’s move to why not.  Asking this question forces you to consider new ways of doing things.  It gives you freedom to think of alternatives, to try new methods, to reinvigorate your team, to reach your goals faster.  It helps you stay relevant.  It allows you to dream and try new things.

Why not keeps you from becoming stagnant, stuck in the same place.  Markets, customers, technology, and trends are always changing, and your business must adapt.  You must find new ways to be more efficient and effective.  You must reach new customers.  You must stretch yourself and your team.

Author Louise Penny says, “Life is change.  If you aren’t growing and evolving, you’re standing still, and the rest of the world is surging ahead.”  Asking “why not?” can be scary but it is necessary.

When you do consider new options, your why and your why not must be in alignment and compliment each other.  In other words, your new possibilities should reflect your passion and goals.

I encourage you to take the time to reflect on your why and consider your why not.

Your business strategy is incomplete. Or just wrong.

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Let me clarify — wrong for YOUR business.

Your strategy should be as unique as you are.  If you can delete just a few key words and your plan is unidentifiable as yours, it may not be the strategy you need.

Strategy doesn’t begin with deciding what steps you will take to meet your goals.  It starts well before that.  It begins with your company DNA and an understanding of why your customers do business with you.  Without those foundational elements, your strategy misses the mark.

Company DNA

The company DNA is the combination of the core purpose or passion – the reason your business exists – and the values inherent in the organization. DNA drive everything in your company and it sets you apart from your competition.

Your position in the marketplace

Your customers choose to do business with you.  What is it that compels them to select you over others in a crowded market?  If you don’t know, there is one sure way to find out – ask them!

Understanding your strengths and weaknesses as well as the opportunities and threats you face help round out your market niche and how you can leverage your unique position.

Armed with the info above, you can better define the products and services you provide with clarity which allows you to sharpen your brand and target your audience.

Now plan your strategy

Your strategy will set the goals you are trying to attain along with the steps you will take to achieve them.  They should leverage your unique purpose, values, and niche.  Every goal and action must be specific nad have owners responsible for driving them.

If your strategy isn’t more than a list of goals, doesn’t capitalize on the elements that make you unique, and and doesn’t leverage your strengths, it isn’t the right strategy for you.

Three Elements for a Strong Business Strategy

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There are three essential elements to a good corporate strategy:

1.  Know yourself.  You have to know who you are and why your company exists.  Everyone needs to be part of a bigger purpose and reason to come to work for you.  It’s the DNA of your company.  As Shakespeare said, “To thine own self be true.”  You can always tell when someone – or some company – is trying to be something they are not.

2.  Know your market.  Understand why your customers choose to buy from you and what makes you unique.  In today’s market, they have choices.  What makes them decide to do business with you?

3.  Decide what you have to do to win.  Set the goals and activities that will get you to where you want to go. 

Companies often think that step 3 is their strategy, but by itself it is incomplete.  It takes all three elements to define your strategy and let it drive your operations.