How much time each week/month do you spend doing research and development for your business? Sometimes when I ask this question I get some very interesting looks.
In my corporate days we spent about 40% of our total resources on R&D. That is how we always moved the company forward. So if we take that into our small businesses and we aren’t even spending an hour a week creating new concepts for our business (or perfecting ones we already have), how do we expect to grow?
Try this technique. Make a list of three things you might want to do with your business. New concepts you want to launch or things you currently have that need some work. Put aside an hour a week to work on that. You will be amazed at how much you get done.
It will stimulate your passion for your business.