If you’re a business leader who feels like the number one thing stopping you from getting those breakthrough results is not having any budget. Then you’ll love what I’m going to share today.
It will help you go from feeling under-resourced and unloved to feeling like your money is the least of your problems.
In this session, you’re going to learn 2 simple yet powerful ways I help my clients get over the ‘no budget’ hurdle and into the business growth red carpet.
And you’ll also learn how to turn budget constraints into growth opportunities by sparking great ideas.
Let’s get stuck into how these two no-budget approaches can accelerate your business growth.
The old adage - ‘give them an inch, and they will take a mile’ has a similar effect regarding money spent in an organisation. ‘Give them a penny, and they’ll spend a fortune’.
Now I love working with big budgets. But often, having too much money leads to silly wasted initiatives that cost the organisation profits and can sometimes cost you your job.
People will tell you that you should have a budget to innovate for business growth.
A more important thing to budget for is having the head space to create business growth ideas at minimal risk.
One of the best constraints you can use is time. You have X mins to come up with Y solutions to this problem. Your time starts now.
When faced with no escape route (a way to avoid doing it), we somehow bypass the excuses and limiting beliefs and create what we need. However, what it takes to make it happen is being firm with the constraint.
If you’re flexible, the exercise loses its effectiveness, and we start to veer off course into distraction and procrastination.
There are many ways you can use time as a constraint for pretty much any innovation activity.
The key is to set a time limit for each activity and keep to it. If you say to your team you’re going to do a 5minute activity, but it takes 15minutes, then, you’re losing trust and the willingness for the team to repeat the exercise in the future.
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