Randy Joy & Co.

Feb 28 2012

To Repair or Permanently Fix?

Randy Joy @ 10:00 am

In the streets of Manhattan the construction workers seal the holes of the asphalt continuously. See a hole, fill it. See a hole, fill it. Just like an entrepreneur who sees a hole in the market and fills it repeatly towards growth. With growth, seeing the hole and filling it is fine.

However, when it comes to patching up things like roads, the scoop up some tar and put it in the pothole approach is not always advisable. For at times, structural damage will ensure that the pothole keeps lurking an open pit and swallowing patch after patch to no avail. At times, it is important for the road to be torn up and redesigned to ensure a smooth ride.

As a business consultant there are times to perform short term repairs on company issues and times to stop and think what the root issue is and permanently solve it. Knowing the difference is key to the health of your business.

At times, you must engage in strategic planning to ensure the road to success is without gaping holes.

Tags: business consultants, Business Planning, dealing with setbacks in business, filling potholes, Growth, repaving roads, strategic business planning

Category: Business Consultant,Optimizing Operations,Strategic Planning

Feb 17 2012

The Dance Sequence of Leadership

Randy Joy @ 1:00 pm

Business leaders take your cue from fashion models. Lead, then step back and let someone step forward. The natural flow of movement is one of stepping back to allow steps forward, and stepping forward when those we lead step back.

Tags: Business Consultant, Business Planning, Growth

Category: Business Planning

Jan 04 2012

How to Scale Your Business

Randy Joy @ 9:30 am

Scalability is the essence of taking what you have and multiplying it. How can you do more with less? Technology companies are scalable because they can take one product built by a few and sell the same product time and again to many.

In building a company there are many resources including time, money and labor; the secret is using all resources efficiently to maximize the company’s value.

Next time you need to make a business decision think what is the best resource to use. Then figure out how to repeat that — it is like a math. If this resource gains this result, can I somehow find the factor that makes that resource multiply that result. For example, many supermarkets have lines where customers wait to pay. Putting various “small ticket” items in view of those lines increases the purchase total of the same customer who was standing there, for many of them will toss some of those small-ticket items, things they had no intention of buying originally, into their basket.

Look around your business and see what can be added here or there that would use your current operations wisely, while still upping your profits. This will help you scale your business.

Tags: Business Consultant, business Consulting, Business Planning, Goals, Growth, increasing profitibality, scalability, Sustainable Company

Category: Business Consultant,Optimizing Operations,Strategic Planning

Dec 12 2011

3 Ways to Energize Your Company This Year

Randy Joy @ 10:00 am

Revitalization: that’s the word used by my real estate clients regarding their work in various cities. That’s also the word used by my medical practitioner clients when speaking of bringing vitality and energy back to life. In your company, how do you revitalize yourself, your team and your vision?

Commit to bringing verve and energy to your company. Here is the recipe for revitalizing business:

1. Revisit your mission and vision. Take out your old business plan, dust it off, and edit it to bring it more up-to-date with new goals and growth plans.

2. Attract new clients. Think of a new client base, as well as new marketing slants.

3. Think up a bonus system to get employees enthusiastic about growing the company.

Tags: Best Business Practices, Business Planning, Business Plans, Emotional Intelligence, Energize Your Business, Growth, Leadership, Motivate Employees, Productivity, Revitalize, reviving business

Category: Leadership,Strategic Planning

Dec 08 2011

5 Business Leadership Traits

Randy Joy @ 11:00 am

Ever stand at the front of the train? You have a clear direction of where you are going, what’s ahead of you and what’s behind you. Pity the other passengers who are there in the back of the train just sitting and being led. The conducter, he is in the future, arriving at every destination first. All others must merely be second-comers at all times, because they don’t stand at the front.

In your business, are you a passive follower going places others have steered towards way before you? Or are you in the front car leading the entire market?

Here is how to lead:

1. Be aware of when you are leading or following
2. Always try to see when opportunities present themselves
3. If a door of opportunity presents itself, take it if it is consistent with your company’s values and vision
4. Differentiate, differentiate, differentiate
5. Become the artist of your industry

Tags: Arrive First, Business Plans, Corporate Missions, Growth, increase profits, leader of the pack, Leadership, Stages of Success, Train Conductor, Trendsetter, Viable companies, Vision

Category: Leadership

Dec 07 2011

Leadership Responsibility – Ways to Reduce Crashes

Randy Joy @ 10:00 am

This week, in a massive pileup on a Japanese highway, eight Ferraris, three Mercedes, a Lamborghini, along with some other cars ended up totaled. At fault, the lead car, a high-speed Ferrari whose driver made a mistake when changing lanes on a wet road.

As the CEO or leader of your organization, are you careful how you change directions? Do you think of what pileup might happen behind you, if you don’t lead your team responsibly?

Any time you need to “change lanes” in your business, plot it out carefully. Make a plan which shows what changes are to be made, the length of time to execute the changes without any mishaps, and the parties responsible for helping make the change. This way, changes won’t make your business spin out of control.

http://www.bbc.co.uk/news/world-asia-16027006

Tags: Business Plans, Crash, Goals, Growth, Innovation, Japan road, Leadership, luxury car crash, Sustainable Company, switching lanes on wet pavement

Category: Leadership

Sep 20 2011

Transcend Limitations

Randy Joy @ 10:00 am

Gymnasts, ballerinas, contortionists, they know something every entrepreneur ought to know. Limits are there just so we can transcend them. That pole over there, its there just to get us to vault over it.

The first step in transcendentalism is to acknowledge where you are now, a self awareness of what you have been able to do thus far. Then, create something new that was not there before, a new venture, a new office, a new product line, by pushing past where you are now. Go beyond yesterday’s limitations.

To do so, apply enormous will, persistence and imagination. Focus, plan, then vault over obstacles and limitations.

Tags: Business Planning, Emotional Intelligence, Getting Past Obstacles, Growth, Transcend Limitations

Category: Leadership

May 31 2011

Unity

Randy Joy @ 9:00 am

A team together can accomplish extraordinary things when everyone is working toward the same mission and vision. Employees must know the mission and vision, but……every member must carry the weight of their role and job.

Army leaders know this really well. Troops are trained and drilled to make sure that someone mans all positions. “Aye, aye, sir, I know my job and know my task”, is something that is necessary for seamless operations. Teamwork doesn’t mean everyone is doing the same task; it is everyone knowing their place within the team structure.

The first step the team takes is maintaining progress already made. The next step is then working toward new goals and growth.

Tags: Clear Business Mission, Growth, Leadership, Management, maximizing Employee productivity, teamwork in business, Training Employees

Category: Joyful Business Model,Leadership

Mar 25 2011

The Big Picture

Randy Joy @ 10:00 am

To truly understand where you are, you must understand the big picture. That means knowing where you are going and from where you’ve come. It does not matter how close you are to your goal, only that you are heading in the right direction. If you see only the inset of a map of your life, all that is visible is the big arrow that says “you are here”, you don’t see how you got there and how far the trek was to get there. And that means you aren’t seeing the map that will lead you to success.

True happiness comes when you see yourself working toward your goals. Where are you?

Tags: Big Picture, Growth, Mission, roadmap, Steps to Reaching Success, Vision, you are here

Category: Leadership

Dec 17 2010

Company Awareness

Randy Joy @ 11:00 am

There are three stages of a company’s cash flow cycle: surviving, sustaining, and growth. Knowing which stage your company is at will help you develop the best action strategy to get to the next point.

Each stage of the company’s cash flow cycle is important because the strength you build from one level to the next is the muscles needed to persistently grow.

Tags: Business Awareness, Business Consultant, Growth, three stages to cash flow cycle

Category: Optimizing Operations