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5 Steps for Success…. Number 1 - Lack of clear direction 2 MOST common reasons why businesses fail to reach their potential Number 2 – Don’t REALLY know.

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Presentation on theme: "5 Steps for Success…. Number 1 - Lack of clear direction 2 MOST common reasons why businesses fail to reach their potential Number 2 – Don’t REALLY know."— Presentation transcript:

1 5 Steps for Success…

2 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

3 Step 1 – Know where you are

4 Step 2 – Know where you are going

5 What’s your BIG picture?

6 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

7 Step 3 – Decide YOUR Income

8 Budgeting to succeed

9  Increase profit  Increase frequency  Increase value  Decrease expenses 4 Ways to GROW your Business

10 Step 4 - Customer Focused Marketing

11 YesterdayToday The Marketing Model is broken!

12 More informed Far greater choice More discerning Higher minimum expectations Todays customers are…

13 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...

14 Customer Service

15 Taking your business online

16 Step 5 – Manage to SUCCEED rather than to avoid failure

17 The 80-20 Rule

18 The 4 Russians MorovLessovRidovTossin

19 Getting Help… www.sbms.org.au www.tsbi.com.au


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