Thursday, 26 July 2012

Types of Intelligence for your Business

To SME Owners,

This is not a look at your General Intellect but four areas that I have come to understand, not only in myself, but coaching/ consulting to sme businesses over the past 15 years.

Not in order of priority,lets keep in short and simple, I am not into pages of stuff.

     - Business intelligence, what does this mean, as the saying goes, knowing the nuts and bolts of the business, but which nuts and bolts? things like, how is the business valuable to it's clients, are the competitors really competitors, how do suppliers impact on your service and cash flow.

     - Business CULTURE intelligence, is values, change and adaptability of the team in today's different market.

     - Strategic intelligence, is working on the business, what drives the success of the business, what FEW key opportunities to focus on, are there any threats coming your way.

     - Emotional intelligence,( this is the one area that screws up the business,) the owners EI and the staffs EI, it means different things to different people, but please understand, yourself and how your staff think.

So, yes, You need to get a handle on all four areas, it can be done, as a starting point score your self on scale of 1 to 10, 10 being the best.

Till next time may the Force be with you, I am your silent partner helping you work on your business.

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