Harnessing the Right Resources to Achieve Your Goals

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Harnessing the Right Resources to Achieve Your Goals

• What happens when you do not possess the financial or human resources that are required to achieve a goal, or complete a defined objective?
• Not only will understanding your resources and making more efficient use of them improve your valuation, but it will also increase business profitability.
• The reality is each and every person can make a difference overtime even if the progress seems minimal at first. So, what resources do you need?

Resources: Human and Financial

• There are two types of resources that you should be concerned with as a business owner, your human resources or your employees, and your financial resources.
• Each and every business owner, across the country, run into large projects that require a greater number of resources than are available to the business.
• By taking a step or two back and attempting to break down a larger objective into multiple, smaller parts, all of a sudden you may be able to see the light at the end of the tunnel.
• Do you have any projects that have been tabled for a year, maybe even two or three? What if you had done a third of that project the first month, the next third the second month, and then finished it within 90 days?
• There is no shame in finishing a project that could have taken one month with all of your resources.
• If you’ve been having a difficult time making the decision to allocate resources to a goal or task, try breaking down the task in front of you and determining whether slow yet steady progress could be an actionable solution.

Cost Allocation

• As a business owner, assigning projects to outside companies can be a way to harness additional human power.
• By splitting costs among experienced vendors based on expertise as well as price, you may be able to spread the costs of a project out over time, get the best bang for your buck, and improve the profitability of your company.
• When it comes time to figure out how to avoid obstacles and harness the resources needed for a project, you can take it one step at a time.

 

Conclusion

• Insurmountable goals are not always as difficult to achieve as they appear when you are standing at the very bottom of the mountain.
• Breaking down a project into multiple parts and assigning those parts to capable vendors, or even slowly handing them out to your internal teams over time, can lead to long-term success.
• If a task is truly beneficial to increasing the valuation of your company or improving your Exit Infrastructure, there is no reason to be wasting any time.

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• The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved.
• For more information, please visit ExitMindset.com.