How to Make your Small Business Big Profits
How to Make your Small Business Big Profits
So why do some succeed and not others? Karen Freeman business coach explains, “There are many reasons: The way the business owner thinks is a major part, the reason being, when the business is struggling to make a decent profit an open minded business owner will seek out help. This one factor, the ability to be open to advice from people who can help you is crucial for ongoing success in the business.”
Karen believes that business owners turn to their accountant for financial help, their lawyer for legal help but are unsure of who to turn to for help in marketing and systemising their business.
“Too often people in business start up and do what everyone else is doing, they just say, this is what we do and list the facts. Then they compete on price because this is the only thing they know how to do. Learning professional marketing allows you to distinguish yourself from competition so you aren’t competing on price. Then you’ll start to make more profit, employ more people and grow the business,” Karen said.
“Developing excellent communication skills with all the staff is crucial in growing a business due to the fact that one of the most important aspects of business is the people. Knowing more about people helps you to deal with customers and your team better,” Karen says.
“The other area that is vital for success in growing a small business is the use of systems. Many businesses have no systems of duplication, an example we use at our ‘Introduction to Marketing Seminars’ is the one of McDonalds. We ask the audience who here feels they can make a better burger than McDonalds? Generally, we get quite a few hands up. So then we ask, who here can build a better business system than McDonalds? Then no one puts their hand up. The reason why McDonalds is so successful is not because they are continually trying to improve their product, it’s because they are continually building on the systems running their business,” Karen says.
“Too many business owners work on the principle that it is more important to get the perfect products or the best shop or the best equipment, when what is most important is developing their systems, marketing systems, people systems and leverage systems are very important as they let your business grow without you doing all the work. That’s why we teach business owners sales, marketing, team building and team recruitment systems. It’s the complete package,” Karen said.
“My Coaching program teaches business owners to become highly skilled in these areas. That is why it is not unusual that a few simple changes can double their turnover over a period as short as two months,” Karen said.
How to Make your Small Business Big Profits - To learn more about this author, visit Danny Small's Website.
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In the UK over 80% of all small businesses fail within the first five years of operation. That means that only 20% of small businesses have what it takes to succeed.
So why do some succeed and not others? Karen Freeman business coach explains, “There are many reasons: The way the business owner thinks is a major part, the reason being, when the business is struggling to make a decent profit an open minded business owner will seek out help. This one factor, the ability to be open to advice from people who can help you is crucial for ongoing success in the business.”
Karen believes that business owners turn to their accountant for financial help, their lawyer for legal help but are unsure of who to turn to for help in marketing and systemising their business.
“Too often people in business start up and do what everyone else is doing, they just say, this is what we do and list the facts. Then they compete on price because this is the only thing they know how to do. Learning professional marketing allows you to distinguish yourself from competition so you aren’t competing on price. Then you’ll start to make more profit, employ more people and grow the business,” Karen said.
“Developing excellent communication skills with all the staff is crucial in growing a business due to the fact that one of the most important aspects of business is the people. Knowing more about people helps you to deal with customers and your team better,” Karen says.
“The other area that is vital for success in growing a small business is the use of systems. Many businesses have no systems of duplication, an example we use at our ‘Introduction to Marketing Seminars’ is the one of McDonalds. We ask the audience who here feels they can make a better burger than McDonalds? Generally, we get quite a few hands up. So then we ask, who here can build a better business system than McDonalds? Then no one puts their hand up. The reason why McDonalds is so successful is not because they are continually trying to improve their product, it’s because they are continually building on the systems running their business,” Karen says.
“Too many business owners work on the principle that it is more important to get the perfect products or the best shop or the best equipment, when what is most important is developing their systems, marketing systems, people systems and leverage systems are very important as they let your business grow without you doing all the work. That’s why we teach business owners sales, marketing, team building and team recruitment systems. It’s the complete package,” Karen said.
“My Coaching program teaches business owners to become highly skilled in these areas. That is why it is not unusual that a few simple changes can double their turnover over a period as short as two months,” Karen said.
How to Make your Small Business Big Profits - To learn more about this author, visit Danny Small's Website.
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Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
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Cheryl MatthynssensCheryl is a life skills coach, licensed Chemical Dependency Counselor and a 20 year entrepreneur. Cheryl's dedication to achieving a life of balance led to her expanding her teaching from the simple managing of life's daily challenges to adding financial well being as well. A direct marketer with DrinkACT, she is gaining ground in the online community with her concepts of making sure business owners, entreprenuers and employees have well rounded life styles. She opened up a small affiliate site - The Balance Guide- to help others find resources for mental and emotional well being. Visit Cheryl's blog to see more of the diversity beyond business she has began offering online at www.thebalanceguide.blogspot.com - Visit Cheryl Matthynssens's Website |
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David BarrDavid Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website |
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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