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As a business owner are you

TRANSACTIONAL-MINDED or TRANSFORMATIONAL-MINDED

These two approaches contrast sharply in mindset, strategy, and impact on both customer loyalty and business growth.

(1) FOCUS ON PROFIT VS FOCUS ON VALUE

✅ Transactional-Minded Business Owners:

They prioritize immediate revenue, often focusing on maximizing short-term profit through each sale. Their primary goal is to complete the transaction, close the deal, and move on to the next one.

✅ Transformational-Minded Business Owners:

These leaders are driven by value creation, aiming to meet or exceed customer expectations by addressing their specific pain points. For them, profit is a result of the value delivered rather than the primary objective. They see each transaction as a step towards building a meaningful relationship with the customer.

(2) APPROACH TO CUSTOMER PAIN POINTS

✅ Transactional-Minded Business Owners:

They may meet customer needs, but only to the extent required to complete the sale. Their solutions are often generic and minimally customized, focused on volume and efficiency rather than tailoring.

✅ Transformational-Minded Business Owners:

They actively seek to understand and address customer pain points. This involves engaging with the customer to understand their unique challenges and offering tailored solutions. They are willing to innovate, adapt, and even go the extra mile to fully resolve the customer’s issues.

I would like to clearly state that Embracing a transformational approach doesn’t mean ignoring profitability it means achieving it by aligning business goals with customer satisfaction and value. This focus can set the stage for a lasting competitive advantage, as customers increasingly prefer brands they trust and feel connected to.

From yours in success

©️Abraham Ofure Orukpe
𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐧𝐭/𝐂𝐨𝐚𝐜𝐡
#abrahamorukpe

Business Growth Strategy

WHAT IS FRIENDSHIP?

Sharing the same core values in friendship is essential for fostering a deep, authentic, and lasting connection. When friends align on fundamental beliefs and principles, it strengthens trust, understanding, and mutual respect, contributing significantly to personal growth and emotional well-being.

Keeping friends with the same core values creates a meaningful, supportive environment that nurtures growth, resilience, and long-term success. These relationships act as a foundation that keeps you grounded and empowered in achieving both personal and professional goals.

Keeping friends with the same core values offers several key benefits that resonate on both personal and professional levels, including:

1. Aligned Support System

Friends with shared values tend to understand and support your life goals and decisions. This alignment fosters a supportive network where each person contributes positively to the other’s journey, providing encouragement during challenges and celebrating achievements with genuine joy.

2. Enhanced Personal Growth

When you’re surrounded by people who share your values, growth happens naturally. They inspire you to be the best version of yourself, encourage positive behaviors, and offer constructive feedback. You’ll be less likely to engage in negative habits and more inclined to focus on self-improvement and shared ambitions.

(3) Reinforcement of Self-Identity

When surrounded by friends who share your values, you reinforce your own beliefs and sense of self. This strong foundation in your identity leads to a greater sense of purpose, self-assurance, and resilience in the face of external pressures.

(4) Strengthens Communication and Conflict Resolution

When core values align, communication becomes more effortless, as both friends share a common understanding and approach to life. Misunderstandings are less frequent, and even when conflicts arise, they can be resolved constructively since both parties prioritize similar principles, such as respect and empathy.

(5) Honest and Constructive Feedback

True friends are honest, even when the truth is hard to hear. They provide constructive feedback with care, helping you grow while respecting your feelings. They don’t flatter you unnecessarily but offer a balanced view that supports your best interests.

From yours in success

©️Abraham Ofure Orukpe
𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐧𝐭/𝐂𝐨𝐚𝐜𝐡
#abrahamorukpe

12 November 2024

INCREASE BUSINESS REVENUE USING GOAL SETTING

Increasing business revenue through goal setting involves a strategic approach where specific, measurable, attainable, relevant, and time-bound (SMART) goals are established. This method can guide your business in a focused direction and ensure efforts are aligned with revenue-enhancing objectives.

Here's a step-by-step approach:

1. Define Clear Revenue Targets:

Set specific revenue goals that are measurable and time-bound. For example, "Increase revenue by 15% over the next 12 months."

2.Break Down Goals into Manageable Objectives:

Divide the main revenue goal into smaller, manageable objectives. This could include increasing sales in certain product lines, expanding into new markets, or improving customer retention rates.

3. Identify Key Performance Indicators (KPIs):

Determine the metrics that will track progress towards these objectives. Common KPIs for revenue growth include sales growth, profit margins, customer acquisition costs, and customer lifetime value.

4. Develop Strategies and Action Plans:

Create specific strategies for achieving each objective. This might involve marketing campaigns, product development, customer service improvements, or exploring new distribution channels.

Assign responsibilities and resources necessary for executing these strategies.

5.Align Team and Individual Goals with Revenue Objectives:

Ensure that every department and employee understands how their work contributes to the revenue goals.

Set individual and team goals that support the broader objectives. For example, sales team targets, marketing lead generation goals, or customer service satisfaction scores.

6. Monitor Progress and Adapt:

Regularly review progress against goals and KPIs. This should be a continuous process, with adjustments made as needed.

Be prepared to pivot strategies in response to market changes, customer feedback, or underperformance in certain areas.

7.Encourage a Goal-Oriented Culture:

Foster a company culture that values goal achievement and recognizes contributions towards these goals.
Provide training and development opportunities to enhance employee skills relevant to the goals.

Remember, goal setting for increasing revenue is not a one-time exercise but an ongoing process. It requires commitment, flexibility, and a willingness to adapt to changing circumstances. Regular communication, transparency about progress, and celebrating achievements are also crucial in maintaining motivation and focus towards the revenue goals.

HOW TO INCREASE BUSINESS REVENUE USING GOAL SETTING

POULTRY FARMING FULL GUIDE

When your old layer chickens stop laying eggs, there are several steps you can take:

(1) Assess the situation: Determine if all the birds have stopped laying or if it's just a few individuals. This assessment will help you identify if there is a general issue affecting the flock or if it's specific to certain birds.

(2) Examine their health: Conduct a thorough health check of the birds to ensure they are in good condition. Look for signs of illness, parasites, nutritional deficiencies, or any other factors that could be impacting egg production. If you notice any concerning symptoms, consult with a veterinarian for a proper diagnosis and treatment.

(3) Evaluate nutrition: Review the diet you are providing to the birds. Ensure that they are receiving a balanced and appropriate feed that meets their nutritional requirements for egg production. Check if they have access to clean water at all times, as dehydration can also affect egg laying.

(4) Lighting management: Adequate lighting is crucial for stimulating egg production. Ensure that the birds are exposed to a consistent and appropriate photoperiod. Typically, 14-16 hours of light per day is recommended for commercial egg production. If needed, use artificial lighting to supplement natural light.

(5)Address stress factors: Stress can significantly impact egg production. Evaluate the environment and management practices to identify any potential stressors such as overcrowding, temperature extremes, inadequate ventilation, or disturbances from predators or other animals. Take steps to minimize stress and create a calm and comfortable environment for the birds.

(6) Consider age and molting: As birds age, their egg production naturally declines. If you have older birds, it's expected that their laying capacity will decrease over time. Additionally, molting, which is the natural process of shedding feathers, can temporarily halt egg production. If your birds are going through molting, provide appropriate nutrition and care to support their feather regrowth and subsequent egg production.

(7) Plan for flock replacement: If your birds are at the end of their productive lifespan, consider planning for flock replacement by introducing younger birds. This will ensure a consistent supply of eggs in the long run.

Old Layer Chicken Farming And Collecting Eggs|| Farming Layer Birds/ Chicken In Nigeria

OLD LAYER CHICKEN FARMING AND COLLECTING EGGS|| FARMING LAYER BIRDS/ CHICKEN IN NIGERIA

POULTRY FARM BUSINESS AND MANAGEMENT STRATEGY IN NIGERIA

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