Building Big Mo into Your Business

MOMENTUM IS THE MOST POWERFUL CHANGE AGENT!

With enough momentum, nearly any kind of change is possible.  Momentum puts victor within reach.
 
If you desire to do great things with your organization, never overlook the power of momentum.  It truly is a leader’s best friend.
 
Look to virtually every sports champion, at some point momentum became theirs and they rode it to victory after victory until the championship was theirs!
 
What is momentum?

Webster Dictionary says momentum is the “impetus of a moving object.” And we are the moving object!   In your business, you must remain focused on moving forward toward your identified goals. Owning a business comes with ups and downs, yet the more momentum you expect of yourself, the more “ups” and less “downs.”

When you allow yourself to remain stagnant within your business system, productivity slows down and you become frustrated.  You, as the CEO of your business are the only one in control of your productivity.   Take a stand for yourself and keep up the momentum. Once your business plan is in place, follow it!  Take the necessary steps to accomplish given tasks, on a daily basis and move on. Never sit on a decision. Successful leaders make decisions quickly and keep up the momentum.

“The difference between great people and everyone else is that great people create their lives actively, while everyone else is created by their lives, passively waiting to see where life takes them next. The difference between the two is the difference between living fully and just existing.”
- Michael E. Gerber Author of The E-Myth Revisited

Whether you have been running your business for a lifetime or just starting out, the buck stops with YOU and YOU are the driving force toward your desire for success. Continue to uphold your aspirations for accomplishing your objective, believe in your ability to succeed and speak into existence the future you desire!

How To Build Business Momentum

What development stage is your business in? —- Experts identify three main stages of business growth. The Startup Phase is the time when you get your business up and running, locate customers, make sales and essentially, have money coming in. At this point, typically you are an Owner/Operator.

The next stage is Early Stage Expansion.  In this phase, your business experiences “growing pains” similar to the ones discussed below.  In the third stage, your business moves from Owner Operated into Management.  In other words, your function is that of manager. You are no longer involved in the day to day operation of running the business or of producing the product or service. 
 
Only a minority of small businesses move into the third phase. Therefore, let’s focus on ways of managing growth as you move into Stage Two.  You know its time to look for ways to manage growth if either of the following apply:

You have steady income and regular sales but you are working too hard.  You are investing “sweat equity”. You know that if you continue working at that speed, you will burn out, lose productivity or worse — become ill. It is time to find a way to increase growth while working less.
You are running into cash flow problems.  Cash flow problems are typically caused by the need to invest in inventory or in product development, or to cover payroll. However, while money is being spend on the above items, the payment for sales is delayed until the product is developed, delivered and invoiced. That is, you have capital assets (equipment, inventory), but cash is flowing out faster than it is flowing in. In this situation, you will need to find a way to manage by generating an influx of cash while continuing to develop your products or services.
 
If it’s time to grow your business, you’ll want to manage that growth as efficiently as possible. Try one or more of the following:

Existing Customers and Existing Products
Find ways of selling more products to your customers, or raise the price or fee. If you have been charging your customers the same price for a year or more, it is reasonable to notify them of an increase. Similarly, there comes a time when you might decide to turn down low paying work in favor of spending the time looking for higher paying markets. You might also increase inward cash flow by strategies such as announcing a sale, or by offering a discount if people pay now for a year’s worth of services.
Existing Customers, New Products
Keep your existing products, but look for new customers. Ask your existing customers for referrals, have a contest or publish a newsletter. Look for opportunities to reach new customers through joint ventures or other strategies. For example, if you are selling web development services, you could locate a company selling ecommerce software and arrange to promote one another’s services to your existing customer list. You will both be using your existing products to reach new customers.
New Products, Existing Customers
Develop new products and sell to existing customers. This is often referred to as developing “back end” products, and is a favorite approach used by the web’s more successful entrepreneurs. For example, if you are currently selling chainsaws, you might notify your existing customers that you now have added a maintenance program, or add-on accessories, or a trade-in for the newest model.
New Products, New Customers
You develop new products and look for new customers. Essentially, this means you have a new business, and like all businesses, you will need to do your homework and your market research.
 
DAILY PRAYER 
“And we took all his cities at that time; there was not a city which we did not take from them; sixty cities, all the region of Argob, the kingdom of Og in Bashan.  All these cities were fortified with high walls, gates, and bars, besides a great many rural towns, And we utterly destroyed them.”  May your efforts result in unstoppable momentum that are blessed by the Lord.  In Jesus name, Amen.
 
Will the unstoppable snowball be what propels you or what flattens you.  Tip - always be on the uphill side of momentum — let it carry you forward at a pace and level of impact that cannot be deterred.
 
Grace and peace multiplied to you.

With enough momentum, nearly any kind of change is possible.  Momentum puts victor within reach.
 
If you desire to do great things with your organization, never overlook the power of momentum.  It truly is a leader’s best friend.
 
Look to virtually every sports champion, at some point momentum became theirs and they rode it to victory after victory until the championship was theirs!
 
What is momentum?

Webster Dictionary says momentum is the “impetus of a moving object.” And we are the moving object!   In your business, you must remain focused on moving forward toward your identified goals. Owning a business comes with ups and downs, yet the more momentum you expect of yourself, the more “ups” and less “downs.”

When you allow yourself to remain stagnant within your business system, productivity slows down and you become frustrated.  You, as the CEO of your business are the only one in control of your productivity.   Take a stand for yourself and keep up the momentum. Once your business plan is in place, follow it!  Take the necessary steps to accomplish given tasks, on a daily basis and move on. Never sit on a decision. Successful leaders make decisions quickly and keep up the momentum.

“The difference between great people and everyone else is that great people create their lives actively, while everyone else is created by their lives, passively waiting to see where life takes them next. The difference between the two is the difference between living fully and just existing.”
- Michael E. Gerber Author of The E-Myth Revisited

Whether you have been running your business for a lifetime or just starting out, the buck stops with YOU and YOU are the driving force toward your desire for success. Continue to uphold your aspirations for accomplishing your objective, believe in your ability to succeed and speak into existence the future you desire!

How To Build Business Momentum

What development stage is your business in? —- Experts identify three main stages of business growth. The Startup Phase is the time when you get your business up and running, locate customers, make sales and essentially, have money coming in. At this point, typically you are an Owner/Operator.

The next stage is Early Stage Expansion.  In this phase, your business experiences “growing pains” similar to the ones discussed below.  In the third stage, your business moves from Owner Operated into Management.  In other words, your function is that of manager. You are no longer involved in the day to day operation of running the business or of producing the product or service. 
 
Only a minority of small businesses move into the third phase. Therefore, let’s focus on ways of managing growth as you move into Stage Two.  You know its time to look for ways to manage growth if either of the following apply:

You have steady income and regular sales but you are working too hard.  You are investing “sweat equity”. You know that if you continue working at that speed, you will burn out, lose productivity or worse — become ill. It is time to find a way to increase growth while working less.
You are running into cash flow problems.  Cash flow problems are typically caused by the need to invest in inventory or in product development, or to cover payroll. However, while money is being spend on the above items, the payment for sales is delayed until the product is developed, delivered and invoiced. That is, you have capital assets (equipment, inventory), but cash is flowing out faster than it is flowing in. In this situation, you will need to find a way to manage by generating an influx of cash while continuing to develop your products or services.
 
If it’s time to grow your business, you’ll want to manage that growth as efficiently as possible. Try one or more of the following:

Existing Customers and Existing Products
Find ways of selling more products to your customers, or raise the price or fee. If you have been charging your customers the same price for a year or more, it is reasonable to notify them of an increase. Similarly, there comes a time when you might decide to turn down low paying work in favor of spending the time looking for higher paying markets. You might also increase inward cash flow by strategies such as announcing a sale, or by offering a discount if people pay now for a year’s worth of services.
Existing Customers, New Products
Keep your existing products, but look for new customers. Ask your existing customers for referrals, have a contest or publish a newsletter. Look for opportunities to reach new customers through joint ventures or other strategies. For example, if you are selling web development services, you could locate a company selling ecommerce software and arrange to promote one another’s services to your existing customer list. You will both be using your existing products to reach new customers.
New Products, Existing Customers
Develop new products and sell to existing customers. This is often referred to as developing “back end” products, and is a favorite approach used by the web’s more successful entrepreneurs. For example, if you are currently selling chainsaws, you might notify your existing customers that you now have added a maintenance program, or add-on accessories, or a trade-in for the newest model.
New Products, New Customers
You develop new products and look for new customers. Essentially, this means you have a new business, and like all businesses, you will need to do your homework and your market research.
 
DAILY PRAYER 
“And we took all his cities at that time; there was not a city which we did not take from them; sixty cities, all the region of Argob, the kingdom of Og in Bashan.  All these cities were fortified with high walls, gates, and bars, besides a great many rural towns, And we utterly destroyed them.”  May your efforts result in unstoppable momentum that are blessed by the Lord.  In Jesus name, Amen.
 
Will the unstoppable snowball be what propels you or what flattens you.  Tip - always be on the uphill side of momentum — let it carry you forward at a pace and level of impact that cannot be deterred.
 
Grace and peace multiplied to you.