Business Development Archives - Bike Lane Business Development

You want to make more money? Take a hike.

from Inc.com

file under Business Health

Seriously, go hiking...or biking, walking, tennis, hit the gym, etc. Studies show that "people who engage in regular exercise (defined by the researchers as three times a week for at least 20 minutes) earn between six and 10 percent more money than those who do not."

Jeff Haden from Inc.com has a short post about it. It’s a good reminder, especially in these quarantine/shutdown days, that exercise will help you succeed.

I’d like to orda’ a plate of ketchup, to go.

Business Development

I’d like to orda’ a plate of ketchup, to go.

from smallbizsurvival

File under: Business Development

Speaker, author, consultant (all-around nice guy, you get it) Chris Brogan has a quick piece on how you should ‘use your accent:’

“Small town and local purchases have been on the rise since the start of the COVID-19 pandemic...it’s a concerted effort of people wanting to put their small town dollars back to work in the small town where they’re from…”

He talks about using your accent in your speech and writing in business. It’s both a literal and figurative idea. Don’t be afraid to be local, and real. He also says to use it as a condiment, not as a whole meal. “No one goes to a restaurant to order a plate of ketchup.”

https://smallbizsurvival.com/2020/05/accents.html

Photo by Hybrid on Unsplash

“Learn from the mistakes of others. You can’t live long enough to make them all yourself.” -Eleanor Roosevelt

Business Development

“Learn from the mistakes of others. You can't live long enough to make them all yourself.”

-Eleanor Roosevelt

from Workfront

File under: Business Improvement

Every small business has a dream of moving on to the next level like it's a video game. We all want to level up. One of the things you can do is to look at the higher levels and how they do things to see what they do well and what they do terribly. Learn from others' mistakes.

Workfront, a project management software company, produces an annual paper called "The State of Work" and the 2020 edition is out. It does research in companies of 500 employees and up. Its clients are enterprise size clients. You probably don't have that many employees, but you can still learn from the data. Here are a couple of things that stood out to me:

"Company decisions don't always rely on data. Only 46% believe business decisions are made based on data."

- Where can you get data on your business? Don't make gut decisions when detailed data is available. The hard part of balancing that is paralysis by analysis. Don't miss an opportunity because you are too busy chasing data to make a decision, either.

"People expect consumer ease and simplicity at work. 94% saying searching at work should match the ease of Googling."

- This is a big one for me. My background in training has ingrained the "Training Manual" into my head. Start building a manual for your business, and put it on google docs so that it can be edited and searched. It will make everything more accessible to employees.

There is a lot of other useful data here to look at and to use as inspiration as you continue to grow your business to the next level.

https://www.workfront.com/campaigns/state-of-work

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