Online business success depends on many factors. However, success starts with proper planning. It is wise to spend time planning a strategy for designing your website, creating content, engaging visitors, and marketing your site. However, there is a temptation to spend too much time analyzing a situation. Days turn into weeks. Weeks turn into months. Months turn into years. This is known as paralysis of analysis, a situation where a person over-thinks or over-analyzes a situation.
COMMUNICATIONS – is there an awareness of the flow of information within the organization? Is it easy to communicate across departments? Do customers get instant responses? How can you improve on internal and scan external communications?
The only thing worse than not doing any research is not verifying viability. The tools available for entrepreneurs are many and can sometimes feel complex. I meet many people developing their business plan and doing their market research without a clue of how to prepare a viability analysis. I’ve got a very simple system called the Three Tools of ViabilityTM. The tools are available to every business owner or prospective entrepreneur and are fairly simple to use. The tools consist of an income statement projection, a cash flow report and a break-even analysis. That’s it. That’s really all you need to test for financial viability.
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This is a serious problem for you if you are trying to start MLM business and you need to find quality information. It is so easy to get frozen while researching your options. You can endlessly compare and question and try to figure out if anyone is giving you objective truths.
The internet is how I search when I need a product or service at home. Why? I don’t want to drive through traffic and find that the store doesn’t have what I want. Retail stores never have enough staff to answer my questions. I have all my questions answered and know the product is available when I walk through the door. Keeping my life simple.
The basic idea here is simple in concept. Know yourself and your team objectively, brainstorm freely and plan simply, and execute quickly and without micromanagement. This simple framework provides enough guidance to help you create a more robust process that is tailored to your company.