Tim Fancher

This blog is dedicated to helping small business owners achieve greater success in their businesses and balance in their lives.

Wednesday, July 22, 2009

Key Terminology that should be in your vocabulary as a business owner:

  1. Productivity – achieving the greatest results in the shortest period of time
  2. Leverage – achieving the greatest results with the least amount of effort
  3. Effectiveness – doing the right things to produce superior results
  4. Efficiency – doing things right to produce consistent and rapid results
  5. Strategic – planning for and executing on high-level, high-priority, and high-leverage activities that produce optimal results

How often do you use these words and in what circumstance?

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