3 Profit-Producing Activities to Increase Success 12

Every small business owner or aspiring entrepreneur defines success differently.  There is no one-size-fits-all solution or approach to doing business.  Although every business model is unique to its creator, there are some common activities every entrepreneur can use to maximize profitability.  The following three activities are tried and true strategies that I share with my clients and you can use to increase success as you define it.Increase Success

3 Profit-Producing Activities to Increase Success

  1. Focus. Focus is defined as to pay particular attention to or to become able to see clearly. When you are focused, you dedicate attention to a specific thing and begin to see it clearer. This clarity means that you will be able to make sounder decisions as you will be able to see the “big picture” as well as its individual moving parts.  Entrepreneurs who focus on their mission and vision think more strategically to ensure every task is specifically aimed at achieving their goals. Having focus helps you to prioritize tasks, assess risks and opportunities with greater certainty, and overcome challenges standing in the way of success.
  2. Finish. Too often entrepreneurs neglect to complete projects.  You are constantly creating as you are hit with new inspiration day in and day out. You become a flurry of activity with no real strategic direction.  You might be drowning in busy-ness instead of working your business. Once you have focus around your mission and vision, prioritize tasks according to the quickest and easiest route to achieving your goals.  Then work each task through to completion. Start with the intention of completing by setting milestones and deadlines. Delegate to strategic partners when necessary to avoid stumbling over task you either don’t like to do or don’t know how to do. Your success is dependent upon being able to complete goals.
  3. Follow-up. The fortune really is in the follow-up. At the end of every task, perform a quick review to determine where you are and where you still need to go. Did the task achieve its intended outcome? Did it drain resources? What were the lessons learned? Adjust and document your process so you don’t have to reinvent the wheel each time. When it comes to networking to build relationships, did you remember to continue reaching out after the initial contact? How are you nurturing the relationship ongoing? Most businesses strive due to successful referral relationships. How are you following up with contacts to increase your potential for success?

By focusing, finishing, and following up on a regular basis, you will increase your profits as well as long-term capabilities for success. How do you increase your chances for business success? Please let me know in the comments below and if you found value in this post, please share with your networks.

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12 thoughts on “3 Profit-Producing Activities to Increase Success

  • Roslyn Tanner Evans

    Of the 3 points outlines, my weakest is focus. I love reading peoples posts & blogs, interesting links- I say it is all relted to my connecting with others or learning but at the end of the day, I might not have completed tasks I set out to accomplished. Is that unfocused?

    • facebook-profile-picture
      Coach Niquenya Post author

      That depends, Roslyn. Do the activities you describe help you to achieve a specific outcome? Does the reading and learning you mention help to move you closer to reaching your goal? Are these activities pushing you to achieve your mission and vision? If not, then you might need to refocus. Those who have trouble focusing typically have very few, if any, accountability measures in place. How are you holding yourself accountable to reaching your goals? This is a great area of opportunity to bring on a coach.

  • Cierra Cole

    I love the simplicity of these tips. Making sure to focus your energy and finish can really be a challenge. However, when you really take a focused approach you tend to get more accomplished.

    The fortune really is in the follow-up! I’ve experienced this in my business when working with clients. Sometimes all it takes is a simple follow-up phone call or email to turn a prospect into a paying client!

  • Beverley Golden

    I have to agree that no matter what you are doing in life, follow-up is so very key. Currently I am part of a team project in the health and wellness industry and it truly is about listening to the needs of others (that is what focus is for me) and then offering opportunities for their consideration and then it seems to be about follow-up, follow-up and more follow-up. We are all bombarded 24/7 by information and “noise” from the outside world, so taking the time to focus, take action and finish what you started and then to follow-up, seems to be more important than ever. Thanks for sharing this well-written and helpful post, Niquenya! Agree 100% with you.

  • Ian Campbell

    Out of your 3 activities, number 2 resonates with me most. I always have a multitude of ideas and plans in motion, sometimes way too many, and my problem lies in completing them. I am able to focus well initially and I do get much done on each project, but I struggle to actually finish at times so that is the area I need to work on. Great tips on how to do this, thank you. 🙂

  • Lori Ann

    I am a classic “not-finisher.” (if that’s a word.) I love to start new projects. Then “shiny” happens and I’m on the next. This is why blogging and the challenge that started it for me is really helping me stay focused on finishing these steps for my career. Thanks for the post.

  • Deb Nelson

    Love it, Niquenya. Focus. Finish. Follow-up. Simple. To the point. Effective. And each of the three activities is equally important in building a successful business. Leaving out one element can really undermine your business. Great post for all of us.

  • Kaz

    I like the three points you mentioned here and I 100% agree with you. Personally I come up with many business ideas but if I don’t complete my tasks, it’s useless. Therefore, “FINISH” is very important, so as you said “FOLLOW-UP”. As a business owner, I would like to provide better service and information to my audience, and also want to build up a trusting relationship. Follow-up is definitely the key to grow in many areas. Thank you for sharing!

  • Sharise Hemby

    Hi Niquenya,
    Excllent post! All 3 tips are key ingredients to success. “The fortune is in the follow up: is one of my favorite sayings. Oftentimes people make initial contact or start a task and fail to finish or follow up. I make daily to donlists and check off tasks as I complete them.

  • Joan Harrington

    Hi Niquenya,
    Loved these tips!! Yes I would 100% agree with you on the importance of these 3 profit producing activities 🙂 Focus is one that really stood out for me as without focus it is so hard to stay on track 🙂 Thanks for sharing!!

  • Renee

    Hi Niquenya!
    It’s absolutely true that focus, finish and follow-up are most important for business success. If I am not focused on a particular project, its outcome, and the plan to achieve specific goals, I do not move forward. To avoid spinning my wheels, I need to finish each project and analyze if the intended outcome was reached. 100% Right – Fantastic Advice! Thank you for sharing these great tips. Best 🙂

  • Heather Cameron

    Definitely 3 great things. To me the most important is FINISH. One my mantras for 2015 is “Be A Finisher” or “I’m a Finisher”. Because yes the creating is so much fun but the the voice start in our heads, telling us why not to finish or we get distracted by another bright shinny thing.