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Answering 4 Questions Makes Your Revenue Goal More Achievable

What would it be worth to know exactly what every person in your business needs to do to achieve your revenue goal for next year?  Imagine if every person’s objectives were set specifically to support the revenue goal!  It’s actually simpler than you might think. It’s all about tuning your revenue engine!  Our business management ... Read More
 
Become Proactive Instead of Reactive with Your Revenue!

Become Proactive Instead of Reactive with Your Revenue!

Are You Watching the Wrong Business Metric? We’re almost at the end of the first quarter.  So, the smart businesses are beginning to look at their revenue to see if they’re on target for the year or not.  Are you going to make it? While revenue is a good past performance indicator it is not ... Read More
 
4 Characteristics for Creating High Performance Organizations

4 Characteristics for Creating High Performance Organizations

Over the past month I’ve posted on several important topics including delegation and outsourcing.  If you’ve read these posts you may have seen some mutual skills/actions needed. They are not specific to these topics. I began searching for the common theme in all these areas and it hit me that high performance organizations have many ... Read More
 
3 Elements That Makes Outsourcing Work Successful

3 Elements That Makes Outsourcing Work Successful

Last week I posted on the 5 things you can do to test if an affiliate partnership will work before you invest a lot of time and energy into a the relationship.  Another critical tool for a business owner is the ability to outsourcing work from time to time as a strategy for adding capacity. ... Read More
 
Building Your Sales Plan Doesn’t Have to be Rocket Science

Building Your Sales Plan Doesn’t Have to be Rocket Science

4 Questions for Building a Powerful Sales Plan Ok, so last week I looked at 2 Things That Keep You Out of a Sales Crisis.  This week let’s look at what you need to keep from CREATING as sales and marketing crisis. Sometime ago I wrote an article where I showed you how to calculate ... Read More
 
Strategic Planning Success – A Real World Example

Strategic Planning Success – A Real World Example

This weekend I ran into a prospect from a technology company that I had proposed a strategic planning retreat for their senior leadership team 3 or 4 month ago. Let’s call them company 1. We spoke about how they are trying to decide whether to move forward or not on my proposal.  It seems they ... Read More
 
Leadership and Management – An Example of the Difference

Leadership and Management – An Example of the Difference

Last week’s post titled The First Step in Improving Leadership for Your Small Business was an overwhelming success as it created an incredible dialog around what is the difference between leadership and management.  I want to thank the dozen or more people that commented on the post and contributed to better refining and understanding of ... Read More
 
How to Profitably Refine Your Operational Focus in the Survival Stage

How to Profitably Refine Your Operational Focus in the Survival Stage

Consistent profitability is the goal of the survival stage.  So, your operational focus needs to be increasing efficiency and productivity. If you can do what you do faster, you can improve cash flow which in turn helps profitability.  But, that means you already know exactly what you are doing so you can refine and fine ... Read More
 
4 Areas of Operational Focus in the Foundation Stage

4 Areas of Operational Focus in the Foundation Stage

This week let’s get back to looking at the strategic objectives within each business function as you move your business along the growth model.  So, far we’ve looked at marketing and sales.  The next logical step is to take an operational focus. No matter what business you’re in, there are some key factors that you ... Read More
 
Business Management: A Key to Business Growth

Business Management: A Key to Business Growth

In the post Small Business Growth Simplified I introduced our small business growth model.  In it they describe how 2 sets of factors (leadership and management factors) impact a business’ ability to grow.   Small business management is the way the management factors are achieved. Under the company category the 4 areas are: Why Business Management is a Critical Skill ... Read More
 
Is Your Revenue Underperforming?

Is Your Revenue Underperforming?

Do You Know Why? Many entrepreneurs jump to the conclusion that because revenue levels aren’t where they want, it must be a sales problem.  While more times than not this is the case it may not be the only reason.  I bring this up because if you focus on the wrong problem you could actual ... Read More
 
3 Steps to Improved Business Performance

3 Steps to Improved Business Performance

You didn’t start your business to get where you are right now!   To get where you want to go you need to improve business performance by doing 3 things: Determine exactly what stage of the growth cycle your business really is. Focus on the right objectives to move to the next stage of the growth cycle. Learn what ... Read More
 
Avoiding Price Problems That Can Kill Your Business

Avoiding Price Problems That Can Kill Your Business

In a previous post entitled Avoid Blowing Your Revenue Engine I showed you the importance of calculating your maximum capacity and how it can help you make better operational decisions.  Maximum Capacity is important to understanding where the sales function should be focused and if your pricing is set properly too. The first step is to ... Read More
 

Understanding Cause and Effect: What Do You Measure?

When you need to make changes in your business to improve performance where should you start?  That is a great question.  The problem is often business owners and managers don’t have the right information to make changes.  So, they arbitarily change things without understanding the cause and effect of their changes on the revenue engine. ... Read More