The home health care system differentiates from other markets since the provision of services occurs at the client’s settings. Hence, the distinctive aspect lessens the fixed costs of market access for similar enterprises and decreases the market strength of the entity location (Jung and Polsky 2). Therefore, this paper provides a summary of a homecare video and the essential components derived from the clip.
The video describes the ten habits used by successful entrepreneurs to enhance their competitive edge in the market. Notably, to achieve an efficacious agency, one has to be dedicated and motivated to receive a significant outcome of their work. Most of the enterprises lose their value after six months of inception because of poor strategies incorporated by the owners. Some of the systems integrated by the organizations include staying focused on the company’s goals (Home Health Success Academy). As articulated in the video, distractions such as unnecessary emails and phone messages prevent one from being engaged in productive jobs. Additionally, using social media for other works that do not promote the syndicate activities hinders a person from achieving industrial realization. Moreover, it is recommended to prepare the company’s schedule prior to the operations as it guides the daily processes. Networking with people from different organizations helps to market the enterprise and increase customer base. Further, celebrations of various achievements are significant for the attainment of the business purpose since the practice enhance the morale of an individual to pursue other objectives (Home Health Success Academy). Sleep is also important in the success of the agency as it refreshes the memory for the activities of the day. Consequently, one has to deal with frustration and never give up whenever they fail as this might negatively affect the enterprise thereby, leading to its collapse. Conspicuously, consistency is essential because it aids in maintaining the clients, hence, stimulate business growth.
The video provides comprehensive techniques that can be used by different caregivers to enhance their business. For instance, dedication and consistency are fundamental principles that have been integrated by numerous organizations to expand their customer base. Further, the habits provided in the clip when considered can increase the business profits. Additionally, networking by the managers has proved to be a vital aspect in the success of the organization since the technique help to build and market the agency. Consequently, use of social media in promoting the corporate services assists in developing customer relations (Jones, Nory, Richard and Ebru 11). Therefore, the video offers an insight ideology on ways to improve homecare entities.
Components I found Valuable from the Video
The most significant features I derived from the video include the need to be consistent, dedicated, planner, perseverance, and destructors in a business. For instance, engaging in social media activities that do not align with the enterprise objectives destructs an individual from performing business activities. However, social networks can be used to promote the business products and increase customer relations. Consequently, effective and early preparation helps the managers to understand their working schedule and promote effective operation of the corporate (Awwal 96). Dedication and perseverance are major drivers of an industry because the techniques increase the chances of the entrepreneurial success by ensuring the objectives of the business are achieved.
The home healthcare is different from other markets since the service delivery is done at the patient’s house. However, to achieve the success of the entity various factors are considered such as dedication, planning, consistency, focus, networking, consistency, and sleep to avoid fatigue.
Awwal, Mofizul Islam. “Importance of strategic aspect in project management: A literature critique.” International Journal of Supply Chain Management 3.4 (2014). Retrieved from: http://ojs.excelingtech.co.uk/index.php/IJSCM/article/view/979
Home Health Success Academy. “Home Health Marketing: 10 Habits of Successful Home Health Marketers and Agencies”. Home Health Success Academy, 2015. Retrieved from: https://www.youtube.com/watch?v=FmC-7UAFZgo&feature=youtu.be
Jones, Nory, Richard Borgman, and Ebru Ulusoy. “Impact of social media on small businesses.” Journal of Small Business and Enterprise Development 22.4 (2015): 611-632. Retrieved from: https://www.emeraldinsight.com/doi/abs/10.1108/JSBED-09-2013-0133
Jung, Kyoungrae, and Daniel Polsky. “Competition and quality in home health care markets.” Health economics 23.3 (2014): 298-313. Retrieved from: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3858441/