“I don’t fear the man who has practiced 10,000 kicks. I fear the man who practiced one kick 10,000 times.” – Bruce Lee
Best-selling author Malcom Gladwell frequently refers to the “10,000-hour rule” in his book, “Outliers.” The idea is that it takes approximately 10,000 hours of dedicated practice to reach the top level of proficiency in any activity. That’s the equivalent to almost five years of working 40 hours per week, or about the same time it takes to complete both an undergraduate and graduate degree.
Successful business owners, like professional athletes, succeed because they are supported by a great team. It doesn’t matter if you’re honing your presentation skills or your networking savvy or your ability to throw an accurate forward pass with four defenders in front of you. Practice makes perfect. So said every gym coach in the history of gym class.
First of all you need to know which skills are lacking in your business that are hindering your business growth. To do this you need to do a SWO T analysis.
Swot Analysis is powerful technique for understanding your Strengths and Weaknesses, and for looking at the Opportunities and Threats that you face. It is a summary of your company’s internal strengths and weaknesses, and the external opportunities and threats it faces in the market and its competitive environment.
The analysis helps you carve a sustainable niche in your market. What makes SWOT particularly powerful is that, with a little thought, it can help you uncover opportunities that you are well placed to take advantage of. And by understanding the weaknesses of your business, you can manage and eliminate threats that would otherwise catch you unawares.
After a SWOT analysis you will know what skills are lacking in your organization. For example, you may find that your sales are performing poorly because of poor marketing and sales skills in your team. The solution is not only to provide marketing and sales training to your staff, but to ensure that they practice brilliant marketing and selling habits continuously. They need to practice and monitor results of their efforts so that they do more of those activities that bring better results.
Remember, in this tough economic environment, only those businesses with better business skills will win. So analyze yourself and your business today and start improving and accelerating your growth.
Have a great day
PS: If you want more information on the business skills training programs we provide at BusinessLink, please visit http://smebusinesslink.com/training-courses-and-seminars/ or visit our offices.