Business Turnaround Strategy — Knowing The Business Triangle
This post was originally featured on the Business Fixer blog.
So you’re probably reading this because your business is in some difficulty and you’re looking for a business turnaround strategy. This post is all about going to a higher altitude and looking at your business from a different perspective using something called ‘The Business Triangle’.
This post will help you understand the basic set-up of any business and how to view it. This is by far the most effective and successful business turnaround strategy I have used to turn countless businesses around.
Sound good?
Let’s dive straight in.
The Importance Of ‘High-Altitude Thinking’
High-altitude thinking is exactly what it says — taking yourself off the work floor and looking at your business from a ‘top-down’ view. You may have heard this being called different things like ‘10,000ft thinking’. It’s all pretty similar stuff.
Imagine you are going on a 5-mile walk in the countryside. You are currently in the middle of a valley and you’re walking right down the middle at 0ft. Your perspective is one where you can see the road, perhaps some cattle, stonewalls, trees, people passing you by, perhaps some cars. But you can’t see your destination as it’s 5 miles away.
You decide to go up one of the hills so you can get a better view of the landscape. You climb the hill to a fairly high altitude. You look out…
Now you are looking at the same things — the trees, cattle, walls etc. But they now seem small, almost insignificant from this height. They seem this way because now you can see a lot more. Things that were always there and once hidden from view are now in plain sight. You’re looking at the bigger picture.
All of a sudden, you see your 5-mile destination in the distance. Even better, you can see the roads that lead the quickest way there.
Now you have clarity.
Now you have a plan.
All because you changed your perspective.
You went to a higher altitude…
