Vision Execution Blog
Clarify. Align. Execute
Having A Strategy Will Reduce Your Stress
This is my simplest and shortest post! In our last post, we talked about the importance of having a cash flow strategy. We said that at a fundamental level a business exists to: Make a profit Generate cash Achieve the mission of the business If you are stressed about...
Do You Have A Cash Flow Strategy?
We are halfway through our “30 days of Strategy”. The goal of these posts has been to help small business owners understand strategy at a basic level, so they can drive great results: More Profit Improved cash flow (more money in the bank over time) Greater...
How Do You Track The Execution of Your Strategy?
Over the past 13 days, we've been talking about strategy. Here are a few highlights from previous posts: You Have Business Goals, But Do You Have a Strategy? Is Vision Different from Strategy? How Do You Know If Your Strategy Is Successful? In our last post, we laid...
Not Able To Execute? You May Not Have The Right People Strategy
In the last several posts we’ve been talking about how a business strategy is a group of decisions which are linked together to drive the top three reasons why a business exists: To generate a profit To generate cash To accomplish your mission In the last post, we...
Not Enough Revenue? Your Processes Could Be The Problem
In the last blog post, we showed that linking your strategic moves together shows your team HOW you will generate more profit, greater cash flow, and ultimately achieve your mission. This linking encapsulates your strategic hypothesis - “if we take these specific...
Why You Must Link Your Strategic Moves Together
In our last blog post, we discussed how to determine if your strategy is working and linked strategy to the main goals of any business: To generate a profit To generate cash To accomplish your mission Your strategic moves should be linked to those top three goals. We...
How Do You Know If Your Strategy Is Successful?
In the last several posts we have been discussing strategy. We used Michael Porter’s definition of strategy: “Strategy is choosing to perform activities differently than rivals do.” A strategy is not just a list of goals. Like playing chess, each move is made...
How To Generate More Profit By Adjusting Your Strategy
We've been discussing the different strategic moves you can make next as this year comes to a close. This is part 9 in a 30 blog series on strategy, so please checking out posts #1 through #8 to get caught up. One strategic move you can make is to focus on a...
Should You Strategically Narrow The Market You Serve?
Up to this point, we’ve been discussing that pursuing a cost leadership strategy is difficult to maintain and a race to the bottom. We said that a potentially more profitable strategy is to differentiate your company from your competition. We showed how you can use a...
How Your Competitors Can Help You Define Your Strategy
We've been discussing strategy and how to move from a cost strategy to a differentiation strategy. If you're not sure about the difference between cost and differentiation we talk about it here. In the last post, we showed how to determine those activities that your...