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Creating A Commercial Focus By ‘thinking in 3D!’
Burton Street 21st July 2016
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What We’re Going To Look At…
How winning businesses establish a commercial focus in everything they do What this means for you and your organisation Some ideas to help you make it work (better) for you @andyhanselman
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Who The Hell Is Andy Hanselman?
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I Help Businesses And Their People Create Competitive Advantage By...
Thinking in 3D!
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Dramatically and Demonstrably Different!
That means being... Dramatically and Demonstrably Different!
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Why... 3D?
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(and have been for over 25 years!)
I research, write about, talk about and work with high performance businesses (and have been for over 25 years!)
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Awareness Assessment Action
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Get my slides and other resources at: andyhanselmanconsulting
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3D Discussion Time: What Do ‘Successful’ Business Have And Do?
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Third Sector Organisations Have And Do?
3D Discussion Time: What Do ‘Successful’ Third Sector Organisations Have And Do?
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Satisfied Customers
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Sufficient ‘Delighted’
Customers
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High Expectations ‘Disappointed’ ‘Devoted’ A ‘Poor’ Experience A ‘Great’ Experience ‘Delighted’ ‘Disaffected’ Low Expectations
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L Sufficient ‘Devoted’ Customers Committed Maximised Motivated
Effective People Maximised Financial Returns
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L Y Sufficient ‘Devoted’ Customers Committed Maximised Motivated
Effective People Maximised Financial Returns
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The 7 Characteristics Of 3D Businesses! #1:Get That Vision Thing!
#7: InnovatiON! #2:Think in 3D! #6: KeeP In Control! #3:Delighted Customers! #5: UBER Culture! #4:Forget CRM - MCR!
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3 iDeas to consider.....
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‘iDea 1’...
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Remove The Barriers!
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What are the common blockages to creating a ‘profit’ focus
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It’s Misunderstood! Barrier 1:
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“We’ve always done it like this!”
It’s The Culture! Barrier 2: “We’ve always done it like this!”
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Staff have no understanding
Barrier 3: Staff have no understanding
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profit! wages running costs customs and excise beer costs
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What Are The Annual Costs Of:
Salary and people costs £ Analysis £ Equipment costs £ Equipment hire £ Subsistence £ Fuel £ Motor expenses £ Marketing £ Office costs £ IT Computer Support and Consumables £ Premises costs £ Insurances £ TOTAL COSTS £
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What Are The Annual Costs Of:
Salary and people costs £426,000 Analysis £ 85,800 Equipment costs £ 26,300 Equipment hire £ 12,000 Subsistence £ 35,000 Fuel £ 9,250 Motor expenses £ 27,700 Marketing £ 8,000 Office costs £ 13,000 IT Computer Support and Consumables £ 3,200 Premises costs £ 33,700 Insurances £ 10,000 TOTAL COSTS £689,950
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£57,496 a month! £13,268 a week! £2,654 a working day!
£689,950 a year means… £57,496 a month! £13,268 a week! £2,654 a working day! £3,026 based on 228 days!
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It’s just a Management Thing!
Barrier 4:
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It’s left to the Bean Counters!
Barrier 5:
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83% of decision makers in larger SMEs do not understand their company accounts often because the responsibility shifts towards outsourced financial support source: ClicData’s Intelligent Business Index May 2015
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No concept of Value For Time!
Barrier 6:
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cannot accurately determine their
50% of businesses cannot accurately determine their profitable customers and products source: KPMG
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No Processes! Barrier 6:
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No Rewards! Barrier 7:
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Unwillingness to say No!
Barrier 8:
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No Profit Improvement Plan!
Barrier 9:
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Profit focused organisations have....
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Clear shared profit targets!
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‘Buy in’ to those targets!
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Clear routes to profitability!
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Systems and processes for profit improvement !
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Systems to keep in control!
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How do you measure up against these factors?
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‘iDea 2’...
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Create Your Own Routes!
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The routes to profit – some ‘options’
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jean paul getty and strike oil!’ ‘rise early, work hard...
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Increase Margins!
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Increase Volumes!
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Do Either Or Both!
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Increase Margins increase volumes Cut Costs Increase Prices
Increase Efficiency Current Customers increase volumes New Customers
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Route 1: Reduce Costs!
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Route 2: Increase Prices!
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Route 3: Increase Efficiency!
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Route 4: Sell More To Existing Customers!
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Route 5: Sell To New Customers!
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Download A Free Toolkit From andyhanselman.com/slides
Create Your Own Routes! Download A Free Toolkit From andyhanselman.com/slides
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‘iDea 3’...
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Take action, not notes!
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What are you going to Do about it?
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Talk to me!!! Chat Today!
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Andy’s 3D Thoughts...... 3 iDeas in 3 minutes in your inbox every Monday morning to help you Think in 3D!
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Up and Coming Leaders Accelerate!
UCLA! Helping Up and Coming Leaders Accelerate! An innovative leadership and business development programme For ‘existing’ managers, ‘potential’ managers and ‘rising stars’! 7 ‘half day’ workshops spread over 5 months Improve leadership, commercial and personal skills Comprehensive workbooks, assessments and toolkits Working with other leaders and managers Online and website support! Starts In September!
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“Vision without action is hallucination”
Thomas Edison
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“Take the first step in faith
“Take the first step in faith. You do not have to see the whole staircase. Just take the first step” Martin Luther King
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“Scare yourself, otherwise you’re not doing anything new”
Mary Murphy Hoye, Head Of R & D, Intel
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“Don’t just stand there….. do something!”
Dick Dastardly
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So... what are you going to Do?
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People can be divided into three groups
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Those who make things happen
Those who watch things happen Those who ask ‘what happened’?
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MISSING YOU ALREADY!
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get my slides and other resources at: andyhanselmanconsulting
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