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Using The Power Of Flexibility To Attack Uncertainty In Your Startup

Jul 28, 2014 1:00:43 PM

Man With Umbrella

Every company is going to deal with unforeseen circumstances. When companies fail to maintain some level of flexibility, these issues tend to present a larger problem. Using the following tips can allow your company to avoid a pitfall:

  1. Frequent forecasting - Don’t limit yourself to yearly budgets. Traditional business models are not flexible enough to account for unseen risks.
  2. Maximize efficiency by automating data collection - Managing data takes away from the actual metrics and analysis.
  3. Communication within the workplace - Create a self-sufficient network within the company so that there are no surprises. Know what risks lie ahead and adjust accordingly. When a network of information is developed and maintained, opportunity will present itself.
  4. Streamline processes - Efficiently condense time consuming processes. One of them is creating financial reports. The quicker those reports get out, the quicker you are informed, and the quicker you can neutralize the competition.

Read the entire article and learn more about turning uncertainty into a competitive advantage at entrepreneur.com.

Vennli
Written by Vennli

Vennli is the content intelligence platform that empowers marketing leaders to increase the effectiveness of content marketing for each persona across every stage of the buyer’s journey - from awareness to advocacy. The smart content planning tool combines customer data and artificial intelligence, including insights about what matters most to the target market, to make intelligent content, messaging, and communication recommendations that will attract, convert, and retain more customers.

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