My brother is a keen tennis player. He has been since he was around ten years old. To win at tennis you need to practice the range of the strokes you are likely to play during a match. For instance, your serve, forehand, backhand, volley, half-volley, overhead smash and if you’re super skilled and keen you can even practice a drop shot. These are the basic actions you can take to improve your tennis game.
[Tweet “18 Ways to Grow Your Business #capitalactions”]
Previously, we introduced the three essential elements that every business must build: money, ideas and people. The big idea here is the way these things determine your business model. Before we jump to that big picture it’s worth looking at the strokes or actions we can take to improve each one of them. Just like in tennis we want to turn the conceptual into general action steps to know which areas to work on, practice and deliberately improve. What are the Capital Actions you can take to grow your business?
Here are six basic actions for you to grow your financial capital:
Which one of these six money actions are you most focused on? Which ones are you not focused on?
Here are six basic actions for you to grow your ideas capital:
Which one of these six ideas actions are you most focused on? Which ones are you not focused on?
Here are six basic actions for you to grow your people capital:
Which one of these six people actions are you most focused on? Which ones are you not focused on?
Here are a couple of questions to help you review your business across the three types of business capital:
Comment: Have we missed anything? Are there any other important Capital Action steps you would add to these lists?
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