Small
Business :: Big Success™
Turning your Potential into Profits.
The
12 Keys to Small Business Success:
1. Effective goal setting.
Most business owners are really good at doing. When you are equally good at seeing
and defining, you will set goals that really work.
What gets measured, gets
better. What doesn't, may or not get better. Effective goal setting
is a way for you to describe what you really want for your business
and then to measure how you are doing. Goal setting is not a should
nor a must. It is simply a tool used by effective businesses.
However, effective goal
setting is different from what has been traditionally taught. In
this Key we burst a few goal setting myths and replace them with
simple processes which really work. 2.
Ethical selling.
"Nothing happens until somebody sells something" is an old
business truth. Yet it is also true most people don't really like to
sell.
Yet it is also true most people don't really like to sell and there
are good
reasons for that. In this Key we cover some
direct but un-common ways to increase your sales while staying fully
in integrity. Nearly every business or professional practice can
benefit from increased sales, but you will benefit most when your
sales come from who you are as well as from what you do. You will
see the sales process from a completely different perspective.
3. Developing a
steady flow of new business through Attraction marketing.
There are specific simple things you can do to cause more business to come to
you instead of you having to chase after it. But it's not easy and you have to
be consistent. The payoff is huge.
4. Developing the
character and standards of your leadership.
Running a modern business is not for the faint of heart. Unless you know who
you are and what you stand for and demonstrate it through your business, you
will be constantly buffeted by the demands of the marketplace. And that's tiring.
5. Getting
control of finances and budgeting.
Every business has a few key numbers which reflect the financial
health of the business. The other numbers are derivative. When
you know the key things to track
to build a financial "dashboard," you can easily stay on top of things. This
Key is not about you becoming an accountant or bookkeeper. It is about
you sleeping well and knowing that you are building the future you want.
6. Focusing on doing
what you do best.
Do what you love; do what you're good at; and do what is most profitable; these
are three ways to look at your activities. If you're not spending the majority
of your time doing things which include all three, you're missing being as effective
as you could be. This Key is about knowing your core talents --your strengths
-- and doing those every day.
7. Developing championship
people.
Even if you are a solo-preneur, you don't do everything in your business
personally. (If you do, then see Key 6!) To effectively run your business
you need to coach, not just manage, your people to achieve levels of
excellence which amaze you both.
8. Maintaining
balance between work, rest, and play.
Why did you decide to work for yourself in the first place? There is life beyond
the business. When you manifest part of your life through your work, part through
your play, and part through other activities which are meaningful to you, you
will discover a surprising truth -- you will achieve more than if you put all
of yourself into the business.
9. Partnering
for flexibility and increased profits.
Today's business world is more complex than ever. You can't do everything your
market wants. Focusing your strengths and partnering with the strengths of others
will produce more profit with less effort.
10. Fluidly handling
change, inside and out.
What is one thing that could happen outside your business which could put you
out of business? Taking a "big picture" view of your business and the
world can not only help you weather surprise storms but also let you see new
opportunities you would miss if you just keep your focus inside. The days have
passed when someone could have an idea and then ride an annuity for decades.
Today, quickly responding to constant change is a survival skill.
11. Problem solving.
There are two groups of problems businesses face:
those with generally known solutions and
those with unknown solutions. And there are two ways problems
are solved: in a logical, linear, thoughtful process and
by instantaneous, intuitive flashes of insight. To be most effective
with your business you must be comfortable
handling a wide range of problems as they arise. Unfortunately, most
of us have had little or no training in
systematic problem solving. Fortunately, it's an easy skill to
acquire. You will walk out of this Workshop with a new attitude
about problems.
12. Defining your
legacy.
Sooner or later you are going to leave your business. You're going to
sell it, give it to family members, close it down, or die. Once you
no longer own the business, how will you feel? What was the point of
having it? What do you want to leave behind? Eventually everyone asks
these questions. The sooner you do, the more effect your answers will
have on your business now.
NOTE:
The more you work with each of the Twelve Keys the
more you will see how each of them relates to all of the others. Implementing
them then becomes a spiral process rather than a linear one. Each time
you swing through a Key, you will see it differently, and from a higher
place, because of your previous exposure to one or more of the other
Keys. It is a spiral process to mastery.
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