How to overtake in business
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Success
is
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1
knowing yourself
overtake, small business finance, education & career training online -- that you have the right DNA for the job, doing what you prefer to do,
working, networking,
profitably and ethically
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2
with higher performance people
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3
in an attractive business unit
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4
as an effective competitor
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5
operating an efficient system
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One simple - yet powerful - System Up One Level
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Your Business IQ
You've got to have a higher BIQ than your competitors'.
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Your Business IQ is your measurement of your current business acumen, your entrepreneurial savvy, your commercial competence.
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To overtake in business you first measure your Business Intelligence Quotient -- your BIQ -- with this system. It's easy to do. You then increase your BIQ by using this system. From then on, you apply your increased expertise to beat your competitors.
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Raise your Business IQ:
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1 First measure your current BIQ by rating your expertise in using the 25 Key Success Factors -- KSFs -- described in this system. We give you five KSFs for each of five modules. Enter your ratings in the BusinessIQ file provided to you in Downloads. This system instantly calculates your BIQ.
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2 100 is an average result. If you have a two-figure BIQ raise it right now or go out of business. If you have a low three-figure BIQ you may have a future in business. Especially if your competition is weak. If you have a high three-figure BIQ you should do well.
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3 Raise your BIQ by improving your competence in exploiting each key success factor but particularly these that are heavily weighted i.e., are attributed high points in this 1000-point system, and where your current competence is low. Focus first on your heavy-weight, low-rate KSFs. Improve there. You should be able to raise your BIQ by as much as 25 points by persistently using this system.
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The higher Business Intelligence Quotient wins:
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1 Now that you are familiar with this system and have rated your own competence you can and should assess your firm's BIQ.
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2 Calculate your competitor's BIQ. You are now able to identify and measure your competitor's strengths and weaknesses. Compare that result with your own. The higher BIQ, plus motivation, will prevail. Make sure it's yours. That's how to overtake in business.
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3 Remember that differences may not be spectacular. Just as a horse may beat the competition by a nose so also your business advantage in one of the many intensely competitive industries may be small, but vital. In such business environments your BIQ gains become all the more important. We repeat. The higher BIQ, plus motivation, will prevail. Make sure it's yours. That's how to overtake in business.
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4 Never confuse professional, technological, business function or academic intelligence with business IQ. Don't assume -- verify. Many people who are very clever -- even brilliant -- in their own specialist spheres or functional departments do not have a correspondingly high business intelligence quotient. Instead their BIQ can be naively, disastrously low.
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Drill Down
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The deeper you go, the more knowledge you get.
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To drill down for more detailed knowledge, click on the relevant module hyperlink in the left navigation bar above. Our website is structured so that you access more and more detailed information at each succeeding level starting from a quick overview at the top to our selected and recommended expert information resources at deeper levels. How much you need to win depends on the intensity of your business competition.
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Last Reviewed: 28 March 2004
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