Incentive is Good, but Planning is Better

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There is a common feeling among entrepreneurs when they are about to make a big decision or try something new, risky and exciting. Some call it a hunch some call it incentive and some others simply just call it a feeling. That is what leads and motivates entrepreneurs to act bold and take the leap of faith, and although sometimes it works sometimes it doesn’t. So what makes the difference between successful and unsuccessful entrepreneurs? And how can entrepreneurs make sure they are heading more towards success than failure? The answer is simple and it has to do with planning. The major difference between successful and unsuccessful people is that the first ones have a plan and don’t entirely rely on a feeling. They don’t just settle with their thoughts, but instead they take action and most importantly they plan their every move like a game of Chess. Sure incentive is good, but planning is way better, and imagine if you could combine them together what results you would get. Here are some tips that can help you organise your business ideas and plan better in order to implement them.

Organize Your Thoughts

The first thing someone should do in order to plan better is to organise their thoughts. Try writing down your ideas and keep track of them. Once you have all your ideas in one place you are ready to separate the good ones from the bad ones and understand which ones are realistic and which ones are not. This will help you focus on the ideas that actually matter and put you in a mindset of working towards implementing them.

Set Goals & Milestones

Once you have written your ideas down and you have chosen the ones you want to work with, it is time to start finding the ways to make them real. The best thing to do in this situation is set goals & milestones. This helps you know where you want to go and what you want to achieve and also sets time boundaries in which you have to complete them forcing some pressure on you that can extra motivate you to take action. After all a goal without a plan is just a dream.

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Map Procedures & Operations

If you are an entrepreneur and you want to find new solutions for your company or take your business to the next level, the best thing you have to do is start mapping. Map all procedures & operations of your company, from how an individual comes in touch with your company for the first time to how he finally he becomes a customer. This will help you better understand how your company works and help you identify all variables that hide in the company-customer transaction equation making it easier for you to find the problems that occur and solve them faster.

Take Advantage of Technology

Technology is a blessing for business and it is here to make our lives easier. Take advantage of technology, see what others that have similar organisations with you do and how they operate and then start automating. By automating procedures you will be able to take your mind off less important things and help you work towards new exciting ideas. Automating is an important part of planning because it helps you “keep the engine running” on something that already works and gives you more space to upgrade something that needs attention.

Incentive is great, and we should follow it but planning is better and it can actually provide the outcome entrepreneurs are looking for. When you have an idea evaluate all information you have and then start strategising. Surely big risks have big turnovers sometimes but in most cases results are negative. Therefore the most wise thing to do instead of taking big risks is to take small calculated risks that might provide smaller outcome but those results are guaranteed and that is how you go one step closer to your goals.