Growth Engines: Carving out a real estate niche
In this article, originally featured in Business Leader: In the fiercely competitive market, The Modern House is setting itself apart using rich, curated content and a design-centric approach
In this article, originally featured in Business Leader: In the fiercely competitive market, The Modern House is setting itself apart using rich, curated content and a design-centric approach
In this article, originally featured in Business Leader: Meet the father and son duo aiming to take their family business, car dealership Romans International, to new heights
In this article, originally featured in Business Leader: The founder of Sheffield-based International Energy Products talks about the company’s big ambitions and how it is achieving them.
In this article, originally featured in Business Leader: We take a look into the growth journey of Leeds-based digital product consultancy Parallax.
In this article, originally featured in Elite Business: Maximise your time and attention with a framework that simplifies the complexity and noise of day-to day- business
Recently, I had the privilege of addressing a substantial audience of around 680 individuals, comprising government officials, corporate executives, private business owners, and numerous employees. The topic I presented, which resonated with many, revolved around an idea first introduced in 1956 by George Miller: the magical number seven. Miller proposed that our short-term memory can handle seven items, give or take two. Some can manage five, while others can juggle nine.
This concept made me ponder the complexities faced by business owners today. With the growing uncertainties in technology, employment, supply chains, and politics, decision-making has become increasingly challenging. The key to navigating these complexities lies in avoiding cognitive overload—an impediment caused by an excess of information that hinders clear decision-making.
The M.O.S.T. Framework for Effective Business Strategy
The essence of my talk focused on maximizing time and attention through the M.O.S.T.E framework, which stands for Mindset, Objective, Strategy, Tactics and of course, Execution. Here’s a breakdown:
Mindset
A winning mindset is crucial. This goes beyond merely having a growth mindset; it’s about maintaining a vision that transcends the current moment. Such a mindset equips you to tackle present challenges with an eye on future success.
Objective
The power of one objective cannot be overstated. Studies indicate that having more than one primary objective can reduce your intellectual capacity by 38%. In business, this objective should focus on increasing your asset value. This singular focus ensures clarity and enhances productivity.
Strategy
Your strategy should be singular and concentrated on building your business into a valuable asset. A successful strategy encompasses three main attributes:
Tactics
Developing effective tactics is the next step. Here are five essential tactics to consider:
Execution
This is where all great efforts live or die. Too often we find ourselves stuck in the daily, weekly, monthly operational grind needed to sustain our businesses. Adopting an approach to get you our of the engine room and onto the bridge of your ship by way of an analogy, places you in a position to lead execution.
By adhering to these principles, you can simplify decision-making processes, enhance business efficiency, and ultimately build a more robust, valuable enterprise. I hope these insights prove beneficial. Until next week, cut out the noise of competing narratives around our politics, inflation, Brexit, national service, climate change and so on, to focus on what you can control and build.
In this article, originally featured in Business Leader: The racing and sports car manufacturer has ambitious targets to triple production but will need to combine great products with excellent customer experience to do so
In this article, originally featured in Business Leader: IC Blue has succeeded by understanding how and when to change its value proposition to better align with customer needs
In this article, originally featured in Business Leader: Clare Harris turned her childhood experience laying tables for her family into a company, Talking Tables, that generates more than £25m a year in revenue
In this article, originally featured in Business Leader: Ideal Response Group has seen significant growth, but founder Javid Ibrahim recognises that to move to the next stage he must have time to think and plan strategically
In this article, originally featured in Business Leader: James Thomas’s Azzuu sports platform has grown rapidly after initially focusing on honing its platform by working with just one team: Everton