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Published byBeverly Lawson Modified over 9 years ago
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5 Steps for Success…
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Number 1 - Lack of clear direction 2 MOST common reasons why businesses fail to reach their potential Number 2 – Don’t REALLY know what’s going on in their business
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Step 1 – Know where you are
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Step 2 – Know where you are going
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What’s your BIG picture?
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Phase 2About ¼ of the way Phase 3About half of the way Phase 4About 3/4 of the way Phase 1Where you are now Phase 5Final Picture Achieved 5 phases of Achievement
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Step 3 – Decide YOUR Income
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Budgeting to succeed
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Increase profit Increase frequency Increase value Decrease expenses 4 Ways to GROW your Business
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Step 4 - Customer Focused Marketing
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YesterdayToday The Marketing Model is broken!
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More informed Far greater choice More discerning Higher minimum expectations Todays customers are…
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60%+ “satisfied customers” never buy from same business again 70% customers do not feel valued 90%+ buyers see little differentiation Lack of differentiation - focus is price! Word of mouth influences 60% buyers – advertising less than 30%! Why Marketing is not working...
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Customer Service
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Taking your business online
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Step 5 – Manage to SUCCEED rather than to avoid failure
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The 80-20 Rule
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The 4 Russians MorovLessovRidovTossin
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Getting Help… www.sbms.org.au www.tsbi.com.au
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