People
Your people may be your business’ most important asset. Are you and your team getting the right coaching and development? Are you the best leader you can be? Are you focussed and effective?
Get the Best
Profit
Profit is the lifeblood of any business. Are you making enough or could your business benefit from a transfusion? Have you got your pricing right and costs under control?
Growth
Do you want to grow your business to increase its value, market share or to become more profitable via economies of scale and scope? Have you consistently achieved your growth targets or are they proving elusive?
The 2023 Mindshop Business Leader Insights Report - Reset, Reskill, Refire
With turbulent times set to continue globally, it would be easy for business leaders to be slightly pessimistic, detune goals and play it safe for the year ahead. However 2023 feels different, more like a sliding door year where for many, being an ‘optimistic contrarian’ will pay dividends. In fact, as the year plays out the performance gap will widen between business leaders successfully navigating challenges and those who are not.
Challenges for business leaders in 2023 are well known, with a need to:
- adapt to a high inflationary environment including cost of living pressures on customers
- balance managing cash flow with a need to invest for growth
- manage team members’ change fatigue
- develop vision and strategies that capitalise on emerging opportunities
- build a culture that attracts and retains good people
- focus on evolving customer needs and cutting through in a cluttered market
- effectively manage a hybrid workforce
- stay agile in the implementation of change & strategy
- harness exciting new technologies, and importantly,
- manage their own resilience and mental health issues.
Each above challenge continues to act as a ‘resistance band’ in the minds of many leaders, holding them back for another year from achieving their goals. However leaders with an internal locus of control will see the opportunity in every apparent crisis, a key differentiator between those who will succeed or struggle in 2023.
Why don’t you read the Mindshop Business Leader Insights Report 2023 to rechart your path to success.
Leveraging Today’s Challenges: Five Powerful Strategies
It is tough to run a business right now as a leader but there are still opportunities to be had. In tough times the strong get stronger and the weak fade away.
We have had tough times before and each have been different. This time around we are dealing with a pandemic, wars, energy crisis, attraction / retention of people and rapidly increasing costs of doing business. Most leaders are unsure what to do so they have adopted a very conservative approach and are focusing on cost reduction only. While we don’t disagree with that approach there is an entrepreneurial slant that can be taken.
Below are five simple yet powerful strategies that you could use to leverage today’s challenges to your advantage as a leader in your business.
- Cut Costs
- Increase Prices
- Cash Flow
- Increase Engagement
- Focus on the medium to long term vision
Read more here: Leveraging Today’s Challenges
Hear what Rosemary Sinclair AM CEO, .au Domain Administration has to say about working with Angela
‘Angela, thank you for your work helping us develop auDA’s Strategic Plan 2021-2025. As you know we have a critical task on behalf of all Australians to operate Australia’s part of the Internet, the .au domain. And as we have seen during this COVID response period access to trusted online services is critical. We did all of our work remotely, surprising even ourselves – your facilitation skills were remarkable! Providing us with tools to reflect on strengths and opportunities, including everyone in discussions, supporting us to identify clearly our areas of strategic focus and capabilities – it all added up to informed, insightful and inspiring work. We are already living the Strategic Plan and delivering better value to Australians because of it!
Rosemary Sinclair, AM CEO, .au Domain Administration
Click here to access a copy of auDA’s 2025 Strategic Plan.
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