We are coming to the end of our fiscal year and one item that I do throughout the year is document all the ideas we generate during our fiscal year and review them to see if we should implement them in our business plan for our next fiscal year. I find this works out quite well and I am surprised how many other companies, managers, executives do not follow this process. Everyone is busy and time is at a premium but ensure you document those great ideas throughout the year. I find it very interesting to review all our staff’s ideas and determine which ones we want to implement. So the first lesson is to write your ideas down the second lesson is to evaluate them and determine their feasibility It’s nice to let an idea sit for a while (if possible) before you implement as if it was good idea in January it should still be good in August. The next step is implementation of the idea, generating ideas is the easy part (little bit of brain power), but implementing and executing those ideas is the hard time consuming part. Once you get your companies’ business model down its all the little tweaks you make to your model that bring you more success. Once again, thanks for listening.
