Five Ways to Business Success
by
ActionCOACH
The first thing we do is to access the business by working with the business owners to determine where they are, where they would like to be, and then helping them implement systems and strategies based on what we find that would be the most appropriate for that particular business's needs (increase profitability, systems, employee training, controls, etc.).
We will be assessing the business in the five key profit generating areas: Lead Generation, Conversion Rate, Average Dollar Sale, Average Number of Transactions, and Profit Margins. Those areas are highlighted in the following equation:
Lead Generation x Conversion Rate = # Customers # Customers x Avg. $ Sale x Avg. # Transactions = Revenues Revenues x Profit Margins = $ Profits.
So basically, we are looking at the equation for profitability for any business, in any market, in any industry sector. Throughout all of these sectors of business, the equation for profitability stays the same.
We have developed 367 different systems and strategies under these five variables. For example, Lead Generation has 73 systems that can be implemented to help business owners increase their lead flow. In addition, we have 86 systems that may be used to increase your Conversion Rate, and so on down the line.
Once we have established where the business is, we are able to go back and look through our systems and determine which of those would be the most appropriate to implement in increasing the profitability of that particular business type.
We use the information we have gathered on the business to put together a detailed Alignment Report that will serve as our road map to success for the next 12 months of Business Coaching.
Once we have established that the business can be profitable, we move on to our secondary goal, which takes place during the Coaching process. That goal is to teach the business owner the difference between working on their business and working in their business. Small business owners can spend 60 hours or more per week just trying to keep their business alive. Most often, what we find is that they are working on the wrong aspects and end up spinning in a relentless circle until the business finally folds in on top of them. Our goal is to help them in working on growing their business instead of concentrating on the technical issues, which are usually counterproductive to growth.
Throughout the process of Coaching we will spend about an hour each week with the business owner (depending on their needs) helping them stay focused on their goals, testing and measuring results, assisting them with potential obstacles for growth, systems implementation, etc. We hold our clients accountable for reaching the goals that we set together, and work diligently to help them achieve great results!
So basically, we teach the self-employed how to become successful business owners. We teach them how to make more money for less effort, and we have been very successful at that. For more information on ActionCOACH, you may visit our website. Now is the best time to make your dreams for your business a reality. For a free business diagnostic, call Alberto Flores today.
ActionCOACH is the largest business coaching company in the world as well as the #1 business consulting service franchise as ranked by the US-based Entrepreneur Magazine. The company was established in 1993 in Australia by a young visionary named Brad Sugars.
19.03.2008
FCA Member
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Contact ActionCOACH
Tel: 1800 508 364
