Goals for your business are critical, otherwise, how do you know where you are heading? But, if you are not used to setting goals for your business, the first few times can be rather overwhelming. There is a lot of advice on what they should look like. The range of choice in targets and directions can be so overwhelming that you just never get started! This article walks you through a very simple way to get started with goal setting that will see 3 year, 1 year and quarterly goals set in under 1 hour!. Yellow Belt
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As was outlined in the introduction to our Pricing Module, the extra profit from even small changes in the prices of your product goes 100% to your bottom line Profit (assuming demand doesn’t change). Consider a business turning over $500,000 per year. Let us further assume that it makes a 5% profit on that, which gives it a Profit of $25,000. If it increased its price by 1%, and assuming demand remained constant, that would lead to an extra $5,000 in Income. This extra $5,000 profit, over the original $25,000 profit, is an 11% improvement. In keeping with our 80/20 philosophy this article discusses a rapid change to your pricing system that can flow virtually 100% to your bottom line Profit. It is a rapid, and not very subtle, change that you can later adapt to make it more focused and more successful. This is a yellow belt article
Every manager, and particularly an owner operator, is interested in increasing the operating efficiency of the business units they manage.
This article is 12Faces’s introduction to the Optimise100 campaign. A wide range of advice and methods have been distilled into a Professional Development Course. The course recommends a sequence of events so that you can realistically hope to optimise your existing business, and in turn, double your Profits within 100 days. These are outlined at the end of this introductory article. This is a Yellow Belt course.
The third of our signature 12Faces courses is a Growth Strategy Over One Year. This course builds on the rapid optimisation carried out during the course C2.0 Optimise Your Business Enterprise in 100 Days (Optimise100).
This Growth Strategy is designed to work with the various types of enterprise we service:
For-profit, Public Sector and NFP.
Each of these enterprises will likely want to grow something.
For Profit are interested in profit and/or revenue growth.
Public Sector and Local Government are interested in serving a greater number of clients better within their budget constraint.
NFP may want to raise more money to sponsor good works and/or service more clients within the available budget.
Generally, we speak of Profit in this course. And that is of interest even to organisations not seeking to maximise profit. These organisations will want to maximise growth while not making a loss; the other side of the profit coin.
Rather than write about the goals of each type of business each time, we generally refer to the process a for-profit business will follow. This is just as applicable to the various types of NFP.
To continue to grow, we discuss how to increase your revenue so that more money goes to your profit bottom line. Since this is a slower process, we will allow ourselves 12 months to achieve it. Nevertheless, these two combined are likely to more than quadruple the profit of your business in just 15 months.
The techniques discussed in this training course, “Grow365″ are designed for growth businesses. They might be a relaunch of an existing business or a startup.
This introduction to the course outlines the process with links to relevant articles. The next stages links are also at the bottom of this article.