Like Eisenhower said, plans are worthless, but Planning is everything. That.
And whatever else you do, do keep an eye on the bigger scheme of things, on where your venture is headed, and whether that's the path you want it to take.
Definitely networking! Being a virtual company that serves people worldwide, and has a budget to consider, we need to be able to connect to anyone anywhere in the world. So whether it's using the social media platforms, researching and replying to other Blog owners and forums, I definitely make sure that I'm talking and listening to others to better areas in my business and hopefully help others do the same.
At the moment, my most important activity is guest blogging. For an audience-based business model, it's important to increase traffic and subscribers before trying to sell anything. There's nothing like a loyal audience of people who actually like and trust you. Guest blogging is helping me build that audience to my own website.
Reward -risk ratio is top most ratio to work on venture by a true entrepreneur. Double check this working with ground realities. Understand the challenges and resource constraints. Be mentally ready to manage those challenges. It is business prototype validated in real life situation. Once, you are ready with this, move ahead.
Connecting to the specific person within a small, medium or large organization in order to have me as their coach for Extraordinary Leadership, Executive-Leadership Presence, Performance coaching-primarily Blind Spot Coaching, & Introvert Coaching. Working with their C-Suite or high-potentials, &/or high-performers is my most important activity in being able to work with other executives/leaders & high-potentials/high-performers.
As you have specifically mentioned ‘your venture’, I will talk about my (ad)venture of ‘Being a Consultant’! It might sound very idealistic, impractical or outright hypocrite but I can’t help it as this is what I do... whether it advances my venture or not, I am neither sure nor bothered as long as I am content.
Well, coming back to your question, all what I do is – I get involved in concerns of my client as if they are universal with a cause and effect approach and come up with creative and innovative solutions described in layman’s language. Believe it or not, that’s all I do, it makes me popular choice and I never have to do anything else for advancement of my venture!
As the sole principal in my company, there are several critical things that I do:
-- Working with customers.
-- Customer relations. Biz dev and marketing. Building strategic relationships. Negotiations and selling.
-- Developing the offerings. Trainings, special packages. Innovation.
-- Writing. Promo, blog posts, books and workbooks, articles
-- Strategic direction. Where should we head? What should we let go? I do involve others in planning.
I can't say that any of these is the "most important," any more than I would say that the heart is more important than the brain.
Others handle finances, admin, HR, website--and lots of the customer work.
The most important thing I do build relationships with like-minded entrepreneurs for mutual support and promotion.
Setting a clear intention of what I want to do and who I want to do it with.
Interact with people who are successful at your venture. Modeling is a best practice for succeeding faster with less mistakes and money loss.
Here's an example: I was talking with a buddy of mine last week and he mentioned a really cool idea he heard about turning a no-fee presentations into a fee-based presentation. He's reluctant to give it a try. I'm not. I'll use it the next chance I get. It will work better than I fear and less well than I hope. And over time I'll tune it into something really valuable. While he's still thinking about it.
I did the same thing 3 years ago when I started offering webinars. It used to be scary new technology and now I don't know how I ran my business without it.
In terms of your question: the most important activity for me is implementing new ideas quickly.
Depends upon the business' position on the life cycle. There could be so many similar yet different things that should be done.
Ensuring trust and credibility. The real bottom line of any business dealing.
Making executive decisions based on divergent thinking using research from new ideas that might benefit my long term plan.
1- Network with the right people
2- Unplug from technology and think (meditate)
3- Research, research, and more research
Being open to where new paths and ventures may lead me.