Economics – Abraham Orukpe

Abraham Orukpe

Home
About Abraham
- About Abraham
- My Businesses
Solution Offer
Book a Session
Resource Centre
Support

Facebook-f Twitter Instagram Linkedin Youtube

Home>News>Economics

Stick with Your Concept but Do Your Homework

June 14, 2022

Company presentation

How can we help you?

Contact us at the Consulting WP office nearest to you or submit a business inquiry online.

contacts

Abraham has a unique project-driven approach to business and coaching. Having him work with me has brought actual, measurable results through a personalized process. This one is definitely for the long run

Fii Stephen

Growth Strategist,

Facebook-f Twitter Instagram Linkedin Youtube

Solution Offer

Strategic Marketing and Sales Training
Business Coaching and Consulting
Business Finance Management
Management Training for C-Suite Executives
Staff Performance Management
Corporate Training

YouTube Video UCBVDFyFOr3VhyZrVhODmjLg_S926xZD0_O8

INCREASE BUSINESS REVENUE USING GOAL SETTING

Increasing business revenue through goal setting involves a strategic approach where specific, measurable, attainable, relevant, and time-bound (SMART) goals are established. This method can guide your business in a focused direction and ensure efforts are aligned with revenue-enhancing objectives.

Here's a step-by-step approach:

1. Define Clear Revenue Targets:

Set specific revenue goals that are measurable and time-bound. For example, "Increase revenue by 15% over the next 12 months."

2.Break Down Goals into Manageable Objectives:

Divide the main revenue goal into smaller, manageable objectives. This could include increasing sales in certain product lines, expanding into new markets, or improving customer retention rates.

3. Identify Key Performance Indicators (KPIs):

Determine the metrics that will track progress towards these objectives. Common KPIs for revenue growth include sales growth, profit margins, customer acquisition costs, and customer lifetime value.

4. Develop Strategies and Action Plans:

Create specific strategies for achieving each objective. This might involve marketing campaigns, product development, customer service improvements, or exploring new distribution channels.

Assign responsibilities and resources necessary for executing these strategies.

5.Align Team and Individual Goals with Revenue Objectives:

Ensure that every department and employee understands how their work contributes to the revenue goals.

Set individual and team goals that support the broader objectives. For example, sales team targets, marketing lead generation goals, or customer service satisfaction scores.

6. Monitor Progress and Adapt:

Regularly review progress against goals and KPIs. This should be a continuous process, with adjustments made as needed.

Be prepared to pivot strategies in response to market changes, customer feedback, or underperformance in certain areas.

7.Encourage a Goal-Oriented Culture:

Foster a company culture that values goal achievement and recognizes contributions towards these goals.
Provide training and development opportunities to enhance employee skills relevant to the goals.

Remember, goal setting for increasing revenue is not a one-time exercise but an ongoing process. It requires commitment, flexibility, and a willingness to adapt to changing circumstances. Regular communication, transparency about progress, and celebrating achievements are also crucial in maintaining motivation and focus towards the revenue goals.

HOW TO INCREASE BUSINESS REVENUE USING GOAL SETTING

YouTube Video UCBVDFyFOr3VhyZrVhODmjLg_S926xZD0_O8

POULTRY FARMING FULL GUIDE

YouTube Video UCBVDFyFOr3VhyZrVhODmjLg__J7NvUPty-A

When your old layer chickens stop laying eggs, there are several steps you can take:

(1) Assess the situation: Determine if all the birds have stopped laying or if it's just a few individuals. This assessment will help you identify if there is a general issue affecting the flock or if it's specific to certain birds.

(2) Examine their health: Conduct a thorough health check of the birds to ensure they are in good condition. Look for signs of illness, parasites, nutritional deficiencies, or any other factors that could be impacting egg production. If you notice any concerning symptoms, consult with a veterinarian for a proper diagnosis and treatment.

(3) Evaluate nutrition: Review the diet you are providing to the birds. Ensure that they are receiving a balanced and appropriate feed that meets their nutritional requirements for egg production. Check if they have access to clean water at all times, as dehydration can also affect egg laying.

(4) Lighting management: Adequate lighting is crucial for stimulating egg production. Ensure that the birds are exposed to a consistent and appropriate photoperiod. Typically, 14-16 hours of light per day is recommended for commercial egg production. If needed, use artificial lighting to supplement natural light.

(5)Address stress factors: Stress can significantly impact egg production. Evaluate the environment and management practices to identify any potential stressors such as overcrowding, temperature extremes, inadequate ventilation, or disturbances from predators or other animals. Take steps to minimize stress and create a calm and comfortable environment for the birds.

(6) Consider age and molting: As birds age, their egg production naturally declines. If you have older birds, it's expected that their laying capacity will decrease over time. Additionally, molting, which is the natural process of shedding feathers, can temporarily halt egg production. If your birds are going through molting, provide appropriate nutrition and care to support their feather regrowth and subsequent egg production.

(7) Plan for flock replacement: If your birds are at the end of their productive lifespan, consider planning for flock replacement by introducing younger birds. This will ensure a consistent supply of eggs in the long run.

Old Layer Chicken Farming And Collecting Eggs|| Farming Layer Birds/ Chicken In Nigeria

OLD LAYER CHICKEN FARMING AND COLLECTING EGGS|| FARMING LAYER BIRDS/ CHICKEN IN NIGERIA

YouTube Video UCBVDFyFOr3VhyZrVhODmjLg_0CLs8jpnhOI

Subscribe

Stick with Your Concept but Do Your Homework

Solution Offer