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
SM5.2 Benefit from Theory of Constraints in Retail
The Theory of Constraints (TOC) argues that good growth can be achieved by focusing on the one or two limiting factors or “Constraints” in a production system. This article applies TOC to the Wholesale/Retail sector.
How to Use 5 Whys Problem Solving Technique
Often you are faced with a problem and have no idea what is causing it. You don’t even know where to start looking! Actually, you and your team may know more than you think and 5 Whys is a way to unearth possible reasons from complete unknowns Five Whys and its sister Five Hows is […]
Critical Financials for Business Explained
Many Owners overlook the vital business health information available by an analysis of your financials It all sounds too hard so keeps getting put off till “later” But your profitability and cashflow is easily monitored for adverse trends Accounting terminology differs between countries and even between accountants. Use our accounting terminology translator for unfamiliar terms […]
How to use Time Management Skills Tools
There is one thing that every business person will tell you they are short of. That is TIME! Time Management Skills are a way to drive a wedge into, and free up, more time. So much so that you will, rather bizarrely, find yourself with nothing to do from time to time. Part one is Yellow […]
Generate a Million Ideas in 30 minutes
Do you find yourself stumped for ideas on what your Start Up Business might do or new avenues that your existing business might take? There is rarely a shortage of “good ideas” that can give you some inspiration on how to progress. Here is a really easy way to generate a million ideas in approximately 30 minutes. Yellow Belt.
How to do Profitable Start-ups
Many people are attracted to the idea of starting and growing their own business.This article goes through the process of how to start-up a profitable business. In most countries there are literally millions of Small Businesses and all of them have been started, at some point, by a person highly motivated and excited about starting their business. However, this is a highly risky and quite traumatic experience for many. In this article, we introduce several of the issues that a start-up needs to consider. We also suggest a far less risky approach to getting yourself into business. If you are starting either a business venture capital funded, high-tech, or business with out much business experience, the start-up techniques here can also help you. This material is at Yellow Belt
SM5.0 Theory of Constraints (TOC) and your Bottlenecks
The Theory of Constraints (TOC) has probably had more impact on our prizewinning business than any other management gem! We first heard of it when reading that Jeff Bezos, Founder of Amazon, required all his managers to read the book that introduced ToC – The Goal. Bezos has done OK so must be something in […]
How to use Adwords to Test your Business Strategy
Adwords for Strategy An alternative and very useful way to use Google AdWords is to test the viability of proposed new business directions on the internet. Properly used, AdWords can bring buyers to test pages where you are testing new products, methods, prices and any other variable that you are uncertain about. Blue Belt Having […]
How to Become a Sales Category King
The most successful businesses tend to be the ones that dominate the Category in which they trade. Examples include Uber, AirBnB and StarBucks. Although there are other businesses, that number from 2 through to 100+, in these Categories, the lion’s share of the business goes to the “Category King”. This article discusses some of the […]