Strategic thinking is a very important skill for every businessperson. The best way to master this skill is to do a series of exercises that will help you understand how to be a strategic thinker. It is very important to follow this exercise step by step. It will help you train your mind for success.
Exercise 1, game theory.
Take a sheet of paper and write down everything you have to work on. How much equity do you have? How much can you spend? Do you have any product or content? How much value can you provide to your customers? Do you have other assets, like an email list? You have to know every piece of your business. Think of your business as the game and the end result of winning the game is making money. Everything you wrote on a piece of paper are pieces of the game. Put them together and think how it can be better.
Exercise 2, strengths and weaknesses.
Write down all your strengths and weaknesses. Be really honest with yourself. When it comes to business, you need to really think about what your strengths and weaknesses are. Are you a really technical person? Are you a good copywriter? Are you good at graphic design or is that a weakness? You really need to strategically check what you’re good at, or need help with something. This goes along with creating a strategy to run your business and make money.
Exercise 3, your likes and dislikes.
It is easy. Write down everything you like or don’t like about running your business. Maybe you don’t like to do certain things. Maybe you don’t like writing articles or creating content. It is very important for you to maintain your happiness and do what you want to do. The happier you are, the more fun you have, the better it is for you and your success. In this way, you will spend your time more creatively.
Exercise 4, outsourcing.
Now you know what you like to do, but the things you don’t like still need to be done. Now write down all the repetitive tasks in your business. Then determine which ones you don’t have to do. He will find that someone else can do some things so that he can have more time for creative business ideas. Your time is the most valuable limited resource there is. Every time you can buy more time, you will earn more money. So why not pay a little money to someone who will do certain tasks for you? You can find many people online who are willing to take on your tasks. Outsourcing is always a smart investment.
Exercise 5, practicing abundance.
It is very important to ask yourself if you have an abundant mind or a scarce mind. Which one are you? There is an abundant source of supply and by that I mean customers, money, resources or, in a single word, everything. This is how you should think. If your competitor asks you to promote their product, don’t say no or think you can steal customers this way. You have to think like that. I don’t mind helping you because I know that this will benefit me in the future and all the good I did for you will come back to me. Abundant thinking will also help you improve relationships with your partners, customers, or competitors. This is a very important exercise, go and apply it in your business.
Exercise 6, grow your assets.
This is something you always have to think about. No matter what you do, you should always focus on growing your assets from week to week. Assets are things of lasting value and become more valuable as they grow. A very good example in an online business is an optional email list. Larger list, higher value as an asset. A larger asset can produce more money for your business. Another asset can be the content. The more content you create, the better chance people will find you and buy your product. Your knowledge and skills are also important assets. The better knowledge and skills you have, the better value you can offer your customers. Focus on this and you will get better results.
Exercise 7, have a singular focus.
Take a moment and write down all the opportunities that you are currently thinking of pursuing. Then pick just one to work on. Choose the one that is most promising or the one that can make you earn money faster or the one that you like the most. It doesn’t matter what you choose. If you do multiple projects at the same time, you will burn out and fail. You will get distracted and not complete your projects. Focus on one thing, complete it and earn some money, then choose another opportunity. If you want to be a good strategic thinker, you must have a singular focus. I have seen many entrepreneurs fail because they wanted to take advantage of many opportunities at the same time. I’m sure you’ve heard the phrase that it’s better to do one big thing than ten fair things.
Exercise 8, method of action to acquire.
Think of something specific that you want to buy in the bearish future and focus on creating a plan to purchase it. It can be anything that can help your business, something small or something big. It can be a new laptop or a new car, whatever you need. Visualize it first and build a plan of how you will get it. A smart strategic move would be to run a special offer to raise the money you need. Many marketers do this to raise money for a charity or whatever they need in their life or business. Don’t be afraid to do the same. It’s a good strategic move and it works. Remember, be specific. Know what you want and how much money you need to get it. It will change your way of thinking and your progress.
Exercise 9, fail first.
Don’t be afraid to fail. Strategically, this is a positive so you can get results that you can use to improve your business. If you fail, never give up, use it to improve your business and improve every day. If you do this, success will knock at your door. The important thing is to take action and get that first result so you know how you can improve. If you get good results, there is always room for improvement. You can always modify and improve it so you can get even better results. Get fast results and get better. It’s that easy.
Exercise 10, build simple models.
Write down the main components of your business for which you could define a structured model. In other words, write down some important parts of your business that you do every day. Things that make your business work. For example, if you are paying per click to drive traffic to your website, you need to define a model for your pay per click campaigns. If something works for you, stick with it. Build a model and be better. Build models in advanced. That will save you a lot of time when you have to decide which direction to take in your business. Making decisions in advance will speed up the entire process. It will make things easier for you as an entrepreneur. This will help you progress further. If you write articles all the time, then you need to structure a model to create your articles. Break down the components and rule decisions in your model. What decisions do you have to make to write articles. Think about it. The title, the keywords, the writing itself, the resource box, etc. That will provide you with more information and solutions for your model.
Use these exercises to become a strategic thinker and improve your business. After doing these exercises you will get a better vision of what you want from your business or from your life. First, you need to change your mindset to get that money mindset that will give you great results. I know you want it, all you have to do is apply it.
