Discover Candidates to Include in Next Planning Round
An important part of any business planning system is to systematically identify possible improvements for consideration in the next Quarterly GamePlan. We need to cast a fairly wide net so there are a healthy number of “possibles” to be reduced down to the priority ones in our next GamePlan. We call these “possibles” GamePlan Candidates. We […]
How the Profit Flywheel Accelerates Your Business
This is the 12Faces structured roadmap to growing your business. We use the flywheel to explain the structure of the material. It is one of many possible roadmaps to growth. Use it as a suggestion tool to incorporate into your business planning. Yellow Belt
Use StrategyTrees to Visualize Effective Strategic Planning
Every type of Enterprise faces the need to develop a Strategy and then implement it. 12Faces has been doing this in its own businesses for many years and we have developed a very practical approach which we share with you here. This is a blue belt article.
How to do a 1 Page Vision Statement
The One-Page Vision Statement: Your Blueprint for Small Business Success Clarify your business’s purpose and align your entire team—all in less than an hour. A vision statement; is a concise, future-focused declaration of an organization’s ultimate goals and aspirations It describes the positive change your business wants to create and what it hopes to become […]
GamePlans Chart a Course for Your Business
At 12Faces, we strongly believe every business owner needs a clear destination in mind for their business. This in both the short (say financial quarter) and longer (say 3 years) term. We call these Business GamePlans Without this, the business is essentially ‘rudderless’ and will drift in unguided and unpredictable directions. Entrepreneurs are famous for […]
Why Boston Consulting Group Growth Share Matrix Helps
The BCG Growth/Share Matrix is a quick way to visualize what activities are going to be the most productive and which are dogs best got rid of. It works equally well, for example, for sales, profit and staff. Yellow Belt
Sensitivity Analysis: Measuring Impact
What is Sensitivity Analysis? It is the process of determining the impact a fixed percentage change in the thing being measured has on the overall performance. As an example of a Sensitivity Analysis a real life test on 1000 European businesses showed that a change in product price by 1% had an average 11% change […]
How to do Goal Setting for Business
Goal setting is the first step of any new business or project. Until you can clearly define a set of goals, further effort can easily be misdirected down unprofitable avenues. Once defined, any particular effort being contemplated can be tested for value by asking, “will this contribute to our goals?” Yellow Belt Goal setting is […]
Business Plan: Getting Started With Planning
Many writers and professionals, like Accountants, will stress to you that you should have a Business Plan. Depending on the life cycle stage of your business, this may or may not be a good idea. Do You Really Need a Business Plan? If your business is a Start Up, you have very little evidence on […]
LB1: Innovate1000: Double Growth Through Innovation
Your enterprise may be growing at present. But, you can be certain that innovation and disruption will erode what have been successful services or products. We see this at work all the time. Years ago, videos came on a cassette tape. Then DVD’s and now streaming services. Your enterprise will decline without innovation. This innovation program […]