How to turn your ordinary business extraordinary - Dr. Rwakiseta Herbert

Barely Markham once said, “what makes death so hard is unsatisfied curiosity”

Today as we strive to have extra ordinary businesses majority of us are stake in the mindset of ordinary business. We have failed to progress due to untapped curiosity. Albert Einstein was once asked what made him great and he answered Curiosity. There fore expect the worst and do your best, for you wont be surprised when the worst comes since you will have expected it.

Don’t be sure about what you will find but be sure to know when you come back. For your company to be extra ordinary take the following into consideration.

1)    Spend more time on strategic planning than comparison. Many companies have invested a lot of money and resources trying to out compete other companies forgetting that competition is time wasting and discourage creativity. It further reduces your market share and customer base. Some business due to competition has ended up reducing their prices in compulsion with their competitors forgetting that we buy value rather price.

2)    With the emerging increase in technology, many businesses and companies have embraces technology transformation however many have failed to allow technological transformation in their operational and businesses. There has bee a vast unprecedented involvement of business in the last five year. Brand are becoming bigger than ever with high competition leading to change in consumer behaviors that most businesses can accommodate that’s why we see 30% of businesses closing in the first 2 years and 50% in the first five years study carried out by Small business associations. Many companies have adopted digital marketing that has resulted into massive inefficiency leading to failure in innovation and optimization of the available opportunities in the market place. Charles Darwin’s once said ,” it is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.”

1)    Merging and Acquisition (M&E). Many companies have often thought that when they come together through merging and acquisition their chances of being great is high. Little do they know that there are negative impacts of the firm’s leverage position? Studies have shown that there are only 50% chances of success. Most of the profound reasons for M&E are ; to become bigger, to pre-empty competition, to create synergies and economies of scale  and also tax purposes. And some of the causes that causes 50% chances of M&E failures or collapses may include, difficulty in practical management between the two companies that come together than it is in theory caused by failure in reaching the intended purpose in terms of cost saving from synergies and economies of scale, cultural clashes due to dissimilarity amongst the M&E companies and further clashes in the deal size relevant to the companies size causing significant cash out in premium in owned stock.

Therefore greatness is not a matter of circumstances but rather a matter of conscious choices made in life achieved through developing ideas and tasting them to an extent that you see them break and rebuild again 

To turn your company for ordinary to extra- ordinary, management and leadership within your company is key and essential. All you need to do is consider WHAT first before WHO, this can be through setting new strategies and vision to direct your choices, get the right people on board and chance out the wrong ones considering the right ones are confortable and ready for the ride to the intended destination. Not only should you consider people but the right people” have faith irrespective of the difficulties and always add value to your goods or services

Embrace technology as your primary means to ignite transformation and do not allow ego get into your primary ambition and progress. To avoid this set up successor for success. Don’t mind about other big dogs in the kennel as long as they remain the big ones, work slowly steady and progressively because those considered with zero chances of wining are the ones that often win.

There is greatness inside all of us but it takes CHOICE coupled with a strong burning DESIRE. To be great and go above the status quo the time to enjoy and embrace your inner excellence is NOW. Aim higher above where you have set your mark and get better victory at a time.

Dr. Rwakiseta Herbert

CEO & Founder MindLAB Inc

Speaker and success coach

In Business, Leadership & Life relationships