ENTREPRENEURS - Change Agents and answer to the Economic World!
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7 DEGREES KAUFFMAN AFFILIATE-- WILL IT BE YOU?
7 Degree® University Courses. 7 Degree® University offers unique, group oriented courses designed to help you not only answer those questions, but guides you towards successful choices along the journey. We teach proven frameworks and strategies as well as connect you with a support network of leaders, peers, and tools - for a lifetime journey. Each course will provide content yes, but assist you through practical activities on how to implement principles and strategies and create a plan with calculated risk. All the while, you will positioning your business, employees and family for increase and sustainability. 7 Degree® presents Fast Trac® NewVenture™, a program for start-up and early stage businesses, FastTrac® GrowthVenture™, a program for experienced business owners, and Planning Your Entrepreneurial Venture a program for transitional Entrepreneurs. All sessions are led by certified FastTrac® facilitators who help create a unique and powerful learning experience!
Written by Dr Raymond Perfect time to Expand Your Business
Recently, one of the business teams 7 Degrees consulting has been working with has decided to increase purchasing their market share of real estate. Yes, they are buying properties while everyone else is seemingly selling to capture the profit before the market dips again. Thus, a company who's focus on real estate can seize the opportunity by modifying their current plan (perhaps a long term investment one) and even venture forward acquiring more properties because they re-evaluated and made room for increase tweaking their current plan.
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One of the most common temptations during market declines is too fall in line and do the same thing or even cut back and hold on to 'see what these changes will bring.' Certainly, it makes sense to take some reflective time and strategize about important components of your business model and plan to insure you will not be wasting valuable dollars. Reviewing your business plan may be in order, and to be successful in any expansion this should occur annually. But retreat to a familiar and safe place to ride out the storm like most of the talking heads will recommend is absolutely not recommended. Most of the wealth transfer in our market economy happens during the slowdowns or even declines in economic productivity. The great corporate heroes increased market shares while everyone else went into hibernation. In this season, opportunity awaits those who can not only see it, but then make a plan to capture it. Thus, an upswing which brings an increase during the economic downswing is awaiting those who seize the opportunity.
7 Degrees business consultants are working with existing enterprises to help them reevaluate their model and modify in this current market. Several have found they must modify their existing steps to manage the hiccups in our economy. Others have seen opportunity and are seizing the day moving forward with growth and expansion. Whatever an entrepreneur chooses, the best choice is wisdom with experienced leaders. There is counsel in the wisdom of many. A successful entrepreneur will consistently evaluate and reevaluate the plan according to the progress.