When was the last time you did an in-depth analysis of your return on investment? How about planning time this week to review your forecasted investments for the rest of the year and start budgeting for next year?
As many industries continue to rethink their strategy and as consumers are shifting their way of working, buying, and thinking about what is important to them, it’s more important than ever to invest smartly. Your investments should allow you to have a strong base to be able to make your business evolve in different directions at any moment.
Analysing the return on investment is crucial in terms of your goals as a company but also to jump into the ever-changing way of doing business.
Set aside time this week to evaluate what you have invested in and how that is working for you. From your team to your product development to your technology to your customer experience. These are great to start with.
1. YOUR TEAM
Having the right team in place will make your business successful.
Evaluate your current growth needs vs. your current team.
2. PRODUCT DEVELOPMENT
New products are launched every day, how do you plan on staying relevant in your market? What does your product pipeline look like?
3. TECHNOLOGY
Automatisation is key for growth, internal processes and customer experience. Review your technology and invest in upgrading it.
4. CUSTOMER EXPERIENCE
Evaluate your customer experience and anticipate your customers’ needs. What can you do to convert your customers into lifetime customers?
Try your version and see how it works for you.
You can download this picture as a recap.
I wish you all a lovely week!
