Business Performance

Tips, advice and solutions for business owners wanting to grow or improve their business

How to gain Sustainable Client Referrals

How to gain Sustainable Client Referrals

There is a gold mine of new opportunity in your existing client base - you simply need to know where to look. 

 
Business is very much about sustainability – the sustainability of new client opportunities/leads along with good sustained profit and cash flow. Drawing these together makes for a very profitable business operation in the short term, and fosters strong enterprise/business value over the longer term.
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( Posted in: Business Performance )

Compelling Copy Which Sells

Compelling Copy Which Sells

If someone said to you, “you’re going to want that Kidney..” - would you pay attention? I did. How about if someone said, “if left alone, it will continue to devour the cells around it” - do you think you would listen to what they said next? It got me.

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( Posted in: Business Performance )

Web site mishaps which will cost your business money

Web site mishaps which will cost your business money

The web site of today is like the business card of 20 years ago - no serious business would be without one. It provides your name and contact number, but is also a window into the business, with your design, logo and flair. As with a business card, you can tell a lot about a business with even a quick look at their web site - but…as with business cards, not all web sites were born equal.... 

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( Posted in: Business Performance )

Business Efficiency in Small Business

Business Efficiency in Small Business
Improvement in efficiency has been an age old quest in business, as it has enabled either more to be achieved with less effort, or for the same amount of effort, but faster.
 
For many reading this article, the phone or tablet you are using provides you with a more effective use of your time......
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( Posted in: Business Performance )

Cash relief for stressed business owners

Cash relief for stressed business owners
Cash is one of the top few stress triggers for business. Not having enough, not knowing where it will come from, or simply..... a puzzle around the best way to use it. In a physical situation - cash is pretty well understood, but when it hits the virtual, electronic or theoretical - I find that eyes start to glaze...
 
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( Posted in: Cash Management )

10 Ways to Drive extra Business Cashflow

10 Ways to Drive extra Business Cashflow

Cash is critically important for business, with many businesses finding that January can be extra tough on the cash front following the Christmas/New Year period.

Staff leave payments, a short close down, penalty rates for public holidays, slow debtor collections or even extra stock holdings, will all have drained cash from your business over the festive season.

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( Posted in: Cash Management )

Business Trends & Patterns a simple game or is there more to it?

Business Trends & Patterns  a simple game or is there more to it?

Business trend analysis is a serious analytical technique used in countless different forms of analysis. Yet for most business owners, finding the time to complete a simple Sudoku puzzle is hard enough – let alone undertake any form of formal business review.

If you do have the time to complete a simple Sudoku puzzle, then you also have the ability to transfer some Sudoku disciplines into a more effective business management process.

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( Posted in: Business Management )

The value of continual education in business

The value of continual education in business

At some point - and we have all done it, we get to a point of knowledge within our business or industry were we feel……. comfortable. It is at this very point; you can guarantee that you have just fallen BEHIND the game.

Business is ALWAYS evolving....

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( Posted in: Business Performance )

What information should I use to run my business?

What information should I use to run my business?

It’s that moment where you are sitting amongst a pile of information – numbers, graphs, returns, production numbers, stock levels, customer surveys…….all with seemingly important information……but what does it all mean......what information should I use to run my business?

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( Posted in: Business Management )

In Business - Cashflow is King

In Business - Cashflow is King

A well-used line in business - and for good reason, as without cash (or cashflow) in a business, it delivers the same result as a having a body without blood - SUDDEN DEATH!

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( Posted in: Banking )

Business Margins - Improve your Financial "Short Game"

Business Margins - Improve your Financial "Short Game"

Finance has shown me many things over time, but perhaps one of the more powerful concepts is “profit versus turnover”. For the golfers out there, I liken this to “driving for show VERSUS putting for dough“.

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( Posted in: Business Performance )

Clear Business Process + Strong Execution = Great Savings

Clear Business Process + Strong Execution = Great Savings

Regardless of whether you are selling burgers to a young family with three tired kids or producing “O” rings for the space program – there is always a cost when your process fails – it’s just the magnitude that varies.

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( Posted in: Business Performance )

Business - when Good Times go BAD

Business - when Good Times go BAD

How much risk are you carrying in your business - do you know......and what are you doing about it?

Someone once explained Operational Risk to me as the classic, 'good times gone bad' situation, where one or more of the things that have made the business successful, suddenly go wrong - and often....very wrong!

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( Posted in: Risk Mitigation )

Business Growth Costs....

Business Growth Costs....

Often the objective of most businesses is SALES GROWTH, but it comes at a cost..... so the real question is -  how growth ready is your business?

A basic principle of business is to generate sales (product or services) to return a profit. The natural flow on from this is to generate more sales to achieve a greater profit - but...what does this take and how prepared is your business for growth? 

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( Posted in: Business Management )

The One More Thing for business success

The One More Thing for business success

Whether it be in sport or business, the difference between success and failure can often be simply doing one more thing than the competition. The extra phone call, one more prototype, another sales approach, an additional quality check, a larger focus group, an extra tier of service etc etc.....any of these can be the secret ingredient to business success.

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( Posted in: Business Performance )

Is my Business Viable?

Is my Business Viable?

This question comes in various forms from concerned business owners – but for me, it’s not so much a case of whether the business is viable - but more of whether the product/service they are selling is viable.

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( Posted in: Business Performance )

Marketing for Small Business

Marketing for Small Business

Effective marketing is the ultimate answer for increased sales opportunity, with many different marketing methods available, BUT….. a critical aspect which is frequently overlooked in the assessment of marketing effectiveness is the time and cost of the activity.

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( Posted in: Business Performance )

The Cost of being Tolerant

The Cost of being Tolerant

Business owners tolerate a lot, whether it is poor performing staff, process problems, cash flow, IT and the like. In doing this, the level of stress or pressure on the owner (and in many cases - the business) rises in direct proportion.

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( Posted in: Business Performance )

What is your product or service worth?

What is your product or service worth?

Pricing... pricing... pricing... it’s all about getting the price right - so that your price point is not only accepted by the market.... but also delivers sufficient profit to your bottom line.

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( Posted in: Business Performance )

Fail to have a Business Plan is Planning to Fail in Business

Fail to have a Business Plan is Planning to Fail in Business

"Fail to plan is planning to fail" - Winston Churchill.

Even though this well used line receives universal acceptance in conversation....... few businesses "walk the talk".

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( Posted in: Business Management )

Business Marketing - "Shark" versus "Anemone"

Business Marketing - "Shark" versus "Anemone"

At the heart of any successful sales program are a heathy number of leads generated by a well formulated marketing program. Equally, where sales or revenue levels are not hitting the mark – then generally there is no effective marketing plan in place.

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( Posted in: Business Performance )

Sure Fire Business Killers

Sure Fire Business Killers

Operating a business has its challenges due to the many and varied issues drawing on the owners time – people, product, sales, collections, just to name a few. Thus it’s no wonder that many business owners operate “in” rather than “on” their business – which has its dangers.

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( Posted in: Business Management )

3 Strategies to Energise your Bottom Line

3 Strategies to Energise your Bottom Line

There are three key strategies available to energise your bottom line, with then an infinite number of tactics which can be used to support them - customised to your business and its circumstance.

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( Posted in: Business Performance )

The Factor of Time

The Factor of Time

Time is a precious commodity and one not to be squandered. Often time.....is the critical factor between success and failure.

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( Posted in: Business Management )