Five Keys to Guarantee Success in Any Business
Five Keys to Guarantee Success in Any Business
Added to that, many small and medium sized businesses never really make money; they survive just below and above the line, increasing their overhead along with their sales, and most entrepreneurs are simply self-employed salespeople: When they stop selling, they stop earning.
Most small and medium sized businesses suffer from the following: cash flow problems, selling time, competition, price cutting, low sales, high overhead, increasing cost of advertising, geographic restrictions, occurrences outside of their control, seasonality and changing technology/demographics and trends. Hiring employees is more risky than ever before. How can we escape this treadmill? How can we guarantee success?
By observing your business from an objective, rational perspective, you will probably agree that it makes sense to favor income that yields a 100% profit, which is not possible in a conventional business, but is possible through a Joint Venture.
It also makes sense not to sell your time, unless that results in passive, ongoing income streams. Leverage other peoples’ time. And to avoid seasonality, it is logical to create multiple streams of passive income from diverse geographical areas and from a variety of different products and services, wouldn’t you agree? How about reducing and removing your cost of sales and overhead? And when it comes to advertising, why not pay for results instead of promises? Consider firing all your employees and putting them all on a commission basis.
The five keys to success in business are the following:
1. Remove and reduce cost of sales, risk, and overhead.
2. Leverage other peoples’ resources to access massive markets and databases.
3. Stop selling and start solving problems.
4. Stop selling your time.
5. Remove all barriers to income and insist on 100% profit.
The above can be accomplished through brokering Joint Ventures. If you already have a business, you can gradually segue into the JV process, leveraging your existing resources and the resources of others and adding additional income streams, until you can make the final break from all income limitations, restrictions, and risk. 100% margin with no overhead or risk and unlimited potential may seem like pie in the sky to most hardened business owners, but to Joint Venture Brokers it’s as normal as a pancake at IHOP.
Joint Venture Brokers make their money by solving problems and linking supply with demand, triangulating deals and becoming, essentially, the tollgate on multiple ongoing business transactions. They create passive income streams and think like physicians instead of sales reps, solving problems and creating value. Their mindset is reciprocal and inclusive. They are strategic and proactive in all their business dealings, as opposed to reactive and tactical. No cost, no risk, no downside, no limitations, no barriers and no sleepless nights – that’s what a Joint Venture Broker creates – real money, real fast, in the real world.
Robin J. Elliott www.DollarMakers.com
Five Keys to Guarantee Success in Any Business - To learn more about this author, visit Robin Elliott's Website.
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Eighty-seven percent of new businesses fail within the first five years. In the next five years, a further 87% of the remaining 13% will also fail. Not surprisingly, this shocking statistic prevents many deserving people from acquiring financial independence through the wonder of entrepreneurship. Yet people still flock to the Franchise Shows and business brokers, they still risk their all, they still insist on doing what so many others do.
Added to that, many small and medium sized businesses never really make money; they survive just below and above the line, increasing their overhead along with their sales, and most entrepreneurs are simply self-employed salespeople: When they stop selling, they stop earning.
Most small and medium sized businesses suffer from the following: cash flow problems, selling time, competition, price cutting, low sales, high overhead, increasing cost of advertising, geographic restrictions, occurrences outside of their control, seasonality and changing technology/demographics and trends. Hiring employees is more risky than ever before. How can we escape this treadmill? How can we guarantee success?
By observing your business from an objective, rational perspective, you will probably agree that it makes sense to favor income that yields a 100% profit, which is not possible in a conventional business, but is possible through a Joint Venture.
It also makes sense not to sell your time, unless that results in passive, ongoing income streams. Leverage other peoples’ time. And to avoid seasonality, it is logical to create multiple streams of passive income from diverse geographical areas and from a variety of different products and services, wouldn’t you agree? How about reducing and removing your cost of sales and overhead? And when it comes to advertising, why not pay for results instead of promises? Consider firing all your employees and putting them all on a commission basis.
The five keys to success in business are the following:
1. Remove and reduce cost of sales, risk, and overhead.
2. Leverage other peoples’ resources to access massive markets and databases.
3. Stop selling and start solving problems.
4. Stop selling your time.
5. Remove all barriers to income and insist on 100% profit.
The above can be accomplished through brokering Joint Ventures. If you already have a business, you can gradually segue into the JV process, leveraging your existing resources and the resources of others and adding additional income streams, until you can make the final break from all income limitations, restrictions, and risk. 100% margin with no overhead or risk and unlimited potential may seem like pie in the sky to most hardened business owners, but to Joint Venture Brokers it’s as normal as a pancake at IHOP.
Joint Venture Brokers make their money by solving problems and linking supply with demand, triangulating deals and becoming, essentially, the tollgate on multiple ongoing business transactions. They create passive income streams and think like physicians instead of sales reps, solving problems and creating value. Their mindset is reciprocal and inclusive. They are strategic and proactive in all their business dealings, as opposed to reactive and tactical. No cost, no risk, no downside, no limitations, no barriers and no sleepless nights – that’s what a Joint Venture Broker creates – real money, real fast, in the real world.
Robin J. Elliott www.DollarMakers.com
Five Keys to Guarantee Success in Any Business - To learn more about this author, visit Robin Elliott's Website.
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Leanne Hoagland-SmithAre your sales where you want them to be? Will you be one of the few who achieves sales or business success or one of the many who have failed to change? Are you tired of being told you are like everyone else? Then you may find my first book on sales of interest. Be the Red Jacket in the Sea of Gray Suits, The Keys to Unlocking Sales available at Amazon or at http://www.processspecialist.com/red-jacket.htm. This book is a reflection of my no-nonsense approach to improving sales to overall business results. If you are truly committed to making sustainable changes, then I can help you secure a positive return on your investment because I focus on executable solutions not telling you the problems you already know you have. From training to corporate (group) coaching to executive one on one coaching, my approach is to assess, create awareness, build a goal driven action plan and then execute. The bottom line question is "Not do you or your employees know it, but do you or they want to do it?" Please call for a free strategy session at 219.759.5601. - Visit Leanne Hoagland-Smith's Website |
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Dianne CramptonDianne Crampton is an executive leadership coach, team consultant, author and president of TIGERS Success Series, Inc. Dianne has been helping CEO's and Executives connect their employees to their core values and goals for over 20 years using the trademarked TIGERS team culture process, which stands for trust, interdependence, genuineness, empathy, risk and success. To download a free white paper on behaviors that build strong teams and behaviors that will predictably tear them down go here. - Visit Dianne Crampton's Website |
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Linda RichardsonLinda Richardson is the Founder and Executive Chairwoman of Richardson, a global sales training and performance improvement company. As a recognized leader in the industry, she has won the coveted Stevie Award for Lifetime Achievement in Sales Excellence and she was identified by Training Industry, Inc. as one of the “Top 20 Most Influential Training Professionals.” Ms. Richardson is credited with the movement to Consultative Selling and is the author of ten books on selling and sales management, including Sales Coaching — Making the Great Leap from Sales Manager to Sales Coach, and Stop Telling, Start Selling. She teaches sales and management at the Wharton Graduate School of the University of Pennsylvania and the Wharton Executive Development Center. Linda is a frequent speaker at industry and client conferences, has been published extensively in industry and training journals, and has been featured in numerous publications, including The Wall Street Journal, Forbes, Nation’s Business, Selling Power, Success, and The Conference Board Magazine. Learn more about Richardson's sales training and performance improvement solutions at http://www.richardson.com web - Visit Linda Richardson'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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Casey GollanCasey Gollan, Business Coaching & Mentoring Programs. Add $1 Million to $10 Million in the next 1 to 3 years. Since 1996 Casey has to added hundreds of millions of dollars to businesses. Watch a free video see client results Business Coaching website. - Visit Casey Gollan'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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Jeff FosterWebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas. We specialize in internet consulting & internet marketing. - Visit Jeff Foster's Website |
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