|
How John Got a Seachange for His
Business .. And How You Can Too!
Yes, you really can get a lot
more cash profits out of your
business, working a lot less
hours!
Like a lot of people in small
business today,
John
worked long hours. He was
"hands on" and very much a vital
part of producing the service
his business provided. His most
pressing problem, he thought,
was "time".
For business owners, the tragedy
of this "time" problem is not
just that their families and
friends bear the brunt of their
absence, and also bear the brunt
of their stress and anxiety,
it's that these business owners
are, quite literally, wasting
that precious time.
Now that's a pretty bold
statement, but I hope you'll
stay with me on this and hear me
out.
Business owners are a special
breed. Certainly they usually
have a high degree of technical
skill or talent - that's usually
what gave them the confidence to
go into business in the first
place.
But the most important
qualities they possess are
totally wasted if the
owner remains caught up in the
day-to-day operations of his or
her business.
What are these important
qualities?
-
Vision
-
Passion
-
Leadership
While
ever you are working,
hands on, 8 or more
hours a day in your business,
you are depriving your business
of these qualities. In fact, if
you are working those hours in
your business, and if you don't
believe you have a choice about
it, then you really have to face
the fact that you don't yet have
a business, you have an
expensive job!
How We Gave John the Bad News
John in fact wasn't delighted to
hear from us that his problem
was not "time" as he thought.
His problem was in fact three
even more serious problems:
1 He had to face the fact
that his business couldn't
survive without him.
This meant that if anything
happened to
John, his business would have
liquidation value only.
2 He had to face the fact
that although he was in
possession of accounting
information that related to all
factors of the performance of
his business, he wasn't
analysing and using that
information in order to
get better performance from his
business.
3 He had to face the fact
that his sales strategies
were unproven and
unscientific and not
only was he wasting time and an
enormous sum of money, but he
could not simply decide upon a
sales goal and have any
confidence of getting it!
A Snapshot of John's Business
(We Call this "Ground Zero")
On 7 September, 2004, John had a
"one-man band" business in which
he basically just reacted to
whatever was going on at the
time, with most of his effort
going into
marketing
his product, or servicing sales.
He had no written systems
whatsoever.
And when John actually got a
sale, he stopped marketing
altogether in order to service
the sale!
His "marketing" looked like
this:
Mailouts
- Nil result
Cold Calling
- Nil result
Drop-in Visits with Gift
- Nil result
Random Networking
- 0.63 sales per week
The only money John was earning
came from the activity he spent
least time and money on. His
earnings barely covered his
operating costs without
even touching his
marketing costs.
In 3 years he had accumulated
considerable debt!
John's business "growth" looked
like this:
In short, John was putting in a
lot of time, effort and money,
and getting nowhere.
He had:
·
No cashflow
·
No money to grow on
·
Nil return on his investment
·
STRUGGLE - long, hard hours
·
And every time he made a sale he
had to stop selling!
We Gave John the Good News
Actually we had several bits of
good news for John. Firstly
financial analysis of his
accounts showed that he was
underpricing his product and we
convinced him to put his prices
up by 14%. He thought he'd lose
clients but in fact he didn't
lose a single one.
Secondly we pointed out that while mailouts and cold calling could work
brilliantly, they clearly weren't working for him. Yet they were
putting him in debt! We stopped those activities because not only
were they burning up money he didn't have, but they were burning up
perfectly good leads! This gave us time to help John develop
really effective strategies around those activities.
Thirdly we pointed out that dropping in gifts to potential clients was
poor practice because it could be perceived at best as transparently
manipulativea and at worst as a bribe, and was not resulting
in sales in any case. We
restricted his "drop-ins" to
actual clients, with the gift
seen as a valid "thank you".
Fourthly we formalised John's
networking strategies, including
referral building procedures.
This was the one area where
John
could be absolutely confident it
would work for him, not because
someone said it was a good idea,
but because he had the proof in
his own historical data.
Fifthly, because John now had
substantially more time, he
could now work to develop
systematisation of his business,
starting by documenting
procedures for administration.
With increased sales, John could
easily afford an admin person,
taking his first step toward
working on his business instead
of in it!
John had completed the
implementation of this stage by
30 October 2004, with the result
that he was now bringing in
$7000 each week, with less
effort than ever before, and
actually making his first decent
profits.
We were all very happy with an
improvement of 782%!
John now had:
·
Positive cashflow
·
Money to grow on
·
Predictable sales strategies
·
Administrative support
·
Much more clarity and
confidence
Said John, "I'm actually getting
there!"
John's Stage 2
Here we are in late 2005 and
John is just moving into Stage
2. We could've done this
sooner, but the fact is that
John had 2 big moves of premises
in that time, and no amount of
arm twisting by us could
convince him to keep moving in
other ways as well ..
In Stage 2, John is once again
doing mailouts,
but this
time they're strategic and are
resulting in at least one sale
each batch.
He is also once again
implementing cold calling, but
again, this time those calls are
not pressured attempts to get
appointments, but instead they
are aimed at building business
friendships with a potential
market. Paradoxically, these
calls are now leading to
appointments!
The drop-in visits have
continued to actual clients, and
the formal networking has been
increased and is being managed
very well. John knows exactly
how to make networking work for
him.
In fact networking works so well
for
John,
that he is about to commence
strategic in-house networking
functions for his clients.
Not only does John have
administrative support, but now
he has systematised the entire
business, including the sales
process, and has just put on his
first rep,
resulting in 2 sales already.
He is now looking for 2 more
reps,
because he has confidence that
the sales system works. With
the systems and strategies John
has in place, it is actually
impossible for them to miss a
sales goal.
John has gone from being a
struggling one-man band, to a
position of earning more money,
more easily than ever before.
Where Will John Go From Here?
John has one more stage to go
before he can claim to have
total freedom in relation to his
business and his staff.
His next step is to totally
replace himself as day-to-day
manager, so that he can choose
to be or not to be involved in
the business in a hands-on way.
He will actually have the luxury
of choice.
When John completes that stage,
again with a strategic,
systems-based approach, he can
run his business from his desk
or from a beach just as easily.
He has total choice about
whether he keeps the business,
grows it further, replicates it,
or sells it as a highly-valuable
going concern.
Even now he is free to provide
the most important things a
business owner can possibly give
his/her business:
-
Vision
-
Passion
-
Leadership
At Stage 3 he can enjoy this
contribution.
A Seachange for Your Business
Any business, from the smallest
to the largest, can do what John
has done, and reap massive
benefits.
When we work with clients in
this way, the minimum outcome we
aim for is a doubling of revenue
within 60 days.
In many cases, like John, the
improvement is far greater,
always from a vastly reduced
effort, and with far more
confidence and pleasure!
If you would like to experience
"A Seachange for Your Business",
begin by taking the simple steps
outlines below.
Yours in success

Your Simple Steps to a Seachange
for Your Business
1
Download the free ebook
"Speed Business Networking - the
Manual" to understand a much
more effective (and more fun)
approach to utilising networking
to get real results. Your
business community is your key
to success if only you know how
to build it, not only for
referrals, but for advocacy,
strategic alliances, and
generous sharing of expertise.
2
As well as attending your
business community's networking
events (and of course we
recommend you join
Australia's ORIGINAL Speed
Business Networking group),
and getting help to carry out
your own schedule of informal
networking for warm referrals,
diarise at least one hour
a week where you will LEARN
and USE far easier,
faster ways to take your
business to that next level,
enjoying more success than you
ever dreamed possible, with far
less stress than you have
experienced up till now.
3 Consider
purchasing the groundbreaking
ebook "Take Your Team to the
Top: How to Double Your
Sales in 30 Days from
Implementation". Click
HERE to review it and even
download the free preview.
4
Spend that one hour working
on your business
instead of in it,
on the on-line member-only
resources at
Especially pay attention to the
"Double Your Revenue" Challenge,
which takes in all aspects of
the above report. Follow the
steps taken by other, real-life
businesses and ask questions to
customise those steps to your
own unique business situation.
Wherever you are in the world,
we ARE your business community,
and we're here for you.
Telephone (61) 8 9246 1977
Fax (61) 8 9246 1966
Email:info@speedbusinessnetworking.com
|