One of the most frustrating things any business leader or entrepreneur can ever come across is slow growth. You started a business, worked hard to help it service, saw it take off and now – bam! – you’ve hit a brick wall. No matter what you do, you just can’t seem to get your business to the next level or even encourage any kind of new growth.
If that sounds familiar to you, then please read on because we have made a list of the most common variables that can suffocate your expansion plans and see you slow down to a stop without knowing why. After all, the first step to anything is knowing why:
Your Business Stopped Because You Did
There is a lot of pressure on you as a business leader simply because every decision you make is reflected on to your company. This is one of the most common reasons why businesses slow down; it’s because the person at the top slowed down first. Leadership is a big factor in success. To grow your business you need to grow because you can’t cast knowledge you don’t have over your operations. So read more books, attend seminars, take master classes, speak to experts in your field. Chances are, your business will follow suit.
The Marketplace Is Limited
It could just be that you have grown as big as you can within your marketplace. This is something that happens a lot. So, while it is quite nice being a big fish in a small pond, it could be worth speaking to some office movers and moving to a bigger pond. Not only will you be able to transfer your knowledge, you may be able to quickly take control of an emerging marketplace that offers a much more infinite rate of growth. It could just be that you do this with a satellite office as opposed to a total overhaul, but it is your call.
Your Cheap Not Good Value
Way too many businesses become unimaginative and start chasing sales by reducing their price. They think being the cheapest is the best way to accrue sales, but it isn’t because you will never be the cheapest. Just go on Google if you don’t believe us. That’s why we recommend you change your attitude and, instead of being cheap, start finding ways to add value to your product or product. What this will do is boost your profitability and make you that much more competitive.
You Lack Good Marketing
You could have the greatest product in the world, but it won’t matter if no one knows about it. In fact, a totally average competitor of yours will probably outdo you in terms of sales simply because their marketing is that much more on point. The person who stops marketing to save money is no different to the person who tries to save time by stopping the clock. Good marketing is the reason why so many lousy businesses make a fortune; they are the business that your customers know about. What good marketing results then invest in good marketing. Simple.
Starting Your Green Construction Business: Simple Guide
According to some analysts, the construction industry is booming. If you look beyond the developed world, you can see extraordinary growth rates. Developing countries, however, due to the increased industrialization of recent decades, are now facing environmental challenges, and are looking for greener construction solutions. If you are thinking about starting a company related to building and construction, you will need to think about the future trends, and make sure your company complies with current and future regulations. You will be responsible for training and policies, so it is important that you pay attention to every detail. Below you will find a few tips on starting your green construction business.
Study the Current Policies and Regulations
When starting a green construction business, you will need to thoroughly study the regulations that apply to your industry, your state, and your company structure. Different local governments might already have green policies and initiatives that will give you an advantage. On the other hand, you want to make sure that your new business will be able to meet the industry requirements when it comes to training, health and safety. Check out the requirements of the American Safety Council OSHA card to find out which qualifications your workers will need before you would create your company structure.
Invest in Technology
Green technology is constantly developing, and chances are that there are several companies on the market offering different solutions. If you would like to beat the competition, you might need to develop your own materials and work processes. If you are able to team up with engineers who are familiar with the latest trends and can spot opportunities, you can offer something unique for your business partners.
Recruit the Right People
It is also important that you find the right people for each job. Look for individuals who have similar values and visions, and embrace green ideas in the construction business. There is no way you can change the mindset of people, so it might be a good idea to provide your own training and recruit newly qualified talent, instead of workers who are already used to using traditional materials, approaches, and technologies. Your main assets will be your people, so you need to design your talent pool to meet the expectations of your customers and the needs of your company.
Develop Research Partnerships
If you don’t have the right people to research future technologies and new materials, you might decide to enter a partnership with your local college or university. If you invest in their research projects and work with them, you can take advantage of groundbreaking inventions that will help your business prosper while providing students with an opportunity to explore different opportunities to make future buildings more efficient and greener. No matter if you would like to develop your own materials or reduce the carbon footprint of your operations, you can find partners if you contact local educational institutions.
Create a Strategic Plan
No business can survive without a sound strategy. As a green construction business, you will need to integrate efficiency and carbon footprint reduction in every part of your strategic business plan. Consult with a professional advisor, and study various national and local policies that can give you ideas on creating your own competitive plan to turn future buildings greener. Check out the European green initiatives that are leading the way for the rest of the world.
When building a green organization, it is important that you adopt green policies in your company. From providing your staff with training on how to save energy and look after the environment, reduce waste, dispose of toxic materials, to targets and process manuals, there are several ways you can get your workers to jump on board and embrace your ideas.
With every business strategy, you need to develop measurable goals. You cannot simply say that you would like to reduce your company’s use of water and other natural resources: you must state by when and by how much. This will help you create targets for each worker and team, and meet the expectations of your market and your industry.
Design a Green Supply Chain
In the construction industry, it is important that you make your supply chain efficient. When you want to make your supply chain greener, it is even more important. From choosing the right suppliers to make sure that your materials are not traveling more than necessary, and you are focusing on waste reduction, to educating your workers on green and efficient practices, there are several ways you can design a supply chain that is not only good for the environment, but also for your financial budget.
When experimenting with new materials and production methods, it is important that you build strong links with government organizations, so you can be aware of the future policies and trends that will shape your industry. You can join an industry organization, and find out about the new policies and government targets as soon as possible, so you can tailor your strategy to the future policy developments.
Create a Shared Vision
When creating an innovative green construction business model, it is important that you effectively communicate your vision and mission with all stakeholders. Make sure that you are on the same page, and your suppliers, business partners, and customers are fully aware of your company’s policies and initiatives. Engage with your stakeholders by communicating your company’s plans and strategies to create more efficient buildings that serve communities better.
Some experts say that green supply chains and construction models are the future, and innovation can help organizations achieve their goals while reducing their cost and carbon footprint. If you are committed to environmental goals and would like your business model to reflect your values, you will need to build positive relationships with government organizations, employees, customers, and research facilities, so you can achieve your goals faster. An efficient business and a green supply chain can also provide you with a competitive advantage on the market.
The Future of the UK Used Car Market
It is an intriguing time in the UK auto market in 2018 with a range of political, economic and social factors influencing the industry. New car sales continue to fall for the 11th consecutive month with diesel taking the brunt of the slide. It is thought that this decline is due to the uncertainty over the Government’s clean air plans (including the 2040 ban on petrol and diesel), but also the economic climate and uncertainty over Brexit.
Sale of AFVs
Although new car sales continue to fall overall, there is evidence that the 2040 ban is influencing consumers with the sales of alternatively-fuelled vehicles (AFVs) rising steadily over the last 11 months, including a 7.2% rise in February compared to last year. Although this is unable to offset the free-falling diesel sector, it does show that motorists are beginning to prepare for the green car revolution. Motorists are also aware that there are many incentives for making the switch, plus there is now a wide range of excellent electric cars on the market.
Used Car Market
So, what does all this mean for used car dealerships? Sales have managed to maintain stability amidst the turbulence in the industry with a drop of just 1.1% in 2017 compared to 2016. This was largely thanks to the sale of used electric cars, which saw an increase of a staggering 77.1% in 2017. Hybrids were also up 22.2%. This goes to show that motorists are preparing for the future and still have the need to change automobiles, with the used car market being a much safer place to do this as it is a much smaller investment.
It is easy to see reputable used car dealerships like Shelbourne Motors performing well in 2018 and beyond as more and more second-hand electric cars become available. An increasing number of cities are imposing their own bans ahead of the 2040 ban, plus it is expected that there will be more clarity on the ban and the electric vehicle infrastructure will continue to grow. Additionally, the landscape of a post-Brexit UK will be clearer soon and this could encourage motorists to shop in the used car market.
The future of the used car market in the UK looks healthy despite the fact that there has been a great deal of uncertainty in the UK over the past year. Provided that dealerships are able to provide motorists with a range of second-hand electric automobiles, it is easy to see motorists opting to buy used as opposed to new as this can allow for big savings which is important in the current economic climate. The green car revolution is fully underway and this is what has managed to keep the used car market afloat during a challenging period.
Controversial Business Moves: Have Amazon Gone Too Far?
Amazon are a marketplace giant, and their combination of a huge choice of products, low prices, and fast delivery options have seen them wipe the floor with their competitors. It’s even claimed that whole industries have been almost wiped out by the online retailer’s presence. But, where there is brilliance, there is often also controversy. Amazon is no exception. Let’s take a look at some of their most controversial business moves of late!
Let’s start with what is perhaps the one thing that we’ve all experienced when shopping with Amazon that has left a sour taste in our mouths: packaging. Now, we live in a world where we’re becoming increasingly aware of the detrimental effects that human activity is having on our planet. One of the main man-made problems posing a threat to our beloved Earth? Waste. We use so many products on a day to day basis that are seen as disposable, and we often throw many products and most packaging away after just a single use. The UK produces around 30.5 million tonnes of waste every single year. Within the EU, people produce around half a tonne of waste per person, and with over 500 million inhabitants, this figure quickly mounts up. America is said to produce 250 million tonnes of garbage on an annual basis. So, when many of us shop, we expect responsible large-scale businesses to use as little packaging as possible and to, preferably, send our purchases in recyclable materials. Sure, this may cost a little more and take a little more time, after all, you’ll have to pick packaging options logically rather than throwing every item into the first box that catches the supplier’s eye, but surely it’s worth it. It really isn’t all too surprising that Amazon causes outrage on a regular basis when they have been reported to send items as small as a phone charger in a box large enough for your small kids and cats to make a fort from. Now, the company has tried to justify this behaviour by saying that they optimise for the whole rather than the individual. Theorist Alexander Savin noted on his twitter feed that “Amazon uses a complicated software system to determine the box size that should be used based on what else is going in the same truck and the exact size of the cargo bay. It is playing an automated Tetris with the packages. Sometimes it will select a larger box because there is nothing else that needs to go out on that specific truck, and by making it bigger, it is using up the remaining space, so items don’t slide around and break. This actually minimises waste and is on the whole q (sic) greener system. Even if for some individual item it looks weird.” While this is an interesting theory, the tweet received all sorts of lash back from people refuting the theory. Many believe that the genuine reason for entirely environmentally unfriendly packaging is because Amazon promises such fast delivery that workers have just a matter of seconds to grab the nearest box or packaging to get the item out on time.
Again, convenience has come hand in hand with another complaint for the big bosses at Amazon. Sure, we’re all now familiar with Amazon Prime, a service which offers guaranteed next day delivery on a whole host of items. But have you heard of Amazon Prime Air? This is a fully autonomous system where a drone (otherwise known as an aerial vehicle) without a human pilot can deliver goods to customers within 30 minutes or less of completing their order. Sounds like something from the future, right? While this service hasn’t yet been launched by the company, it is in development and trial, and Amazon hopes that one day seeing an Amazon drone delivering goods by air will be as common a sight as seeing one of their delivery trucks travelling down the highway. People, expectedly, have a lot of questions surrounding the practice. They want to know how heavy the goods that this method could deliver can be (the answer, so far, is five pounds), where they are testing (there are currently trials in the United States, United Kingdom, Austria, France, and Israel), and whether weather will affect the service (the company claim that they aim to operate in daylight when there are low winds, there’s good visibility, and a lack of rain, snow, or ice). Perhaps the most important issue on our minds, however, is how Amazon intends to navigate the airspace in each given country, as drones are a risk to planes. This is still being negotiated, so perhaps it will be a while before we really do see these plans come into practice and public use.
Perhaps the most recent controversy associated with this retail giant is its delivery of live animals. The company has been slammed by animal activists and many consumers alike for offering home delivery of live animals such as lobsters and crabs. Not only is the method of boiling these creatures alive for consumption cruel in and of itself and something that shouldn’t be promoted at all (nevermind in the home and left to the hands of inexperienced and unprofessional cooks), they can also face the cruel fate of being left in boxes for days as they make their way from supplier to consumer. This is a sad case of sentient creatures being treated like commodities on a whole new level. Many customers have since cancelled their accounts completely, stating that they will not return to Amazon until they cease this cruel practice.
As you can see, Amazon is no stranger to controversy, and some of the decisions that they have made in their process of trying to meet the mass market’s needs and expectations really have backfired. However, where there is a complaint, there is room for improvement, and hopefully, they will begin to take customer feedback into account, ensuring that their business becomes as eco-friendly, safe, and cruelty-free as possible!
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