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
SM6.2 Profit Autopilot Focused Business Model
12Faces Profit Focused Business Model will show you how just 7 numbers will let you be fairly confident of achieving the Profit and personal Salary you desire. In turn, this will help to reduce one of the major causes of stress in smaller businesses – “will I make a Profit and will I be able to pay my bills”?
SM2.0 80/20 Principle – 16 Times More Productive
Introducing the 80/20 Principal The 80/20 Principle asserts that a minority of causes, inputs or effort usually lead to a majority of the results, outputs or rewards. Taken literally, this means that 80 percent of what you achieve in your job comes from 20 percent of the time spent. This implies that: 80% of your […]
SM2.10 80/20 Sales Growth; Double Sales, Triple Profits
The 80/20 Rule is readily applied to your sales team and processes. We outline some of the ways to improve sales performance in this discussion. The 80/20 Rule points out that sales can improve by as much as 16 times through diligent implementation of its principals. That might be a bit too far fetched for now but doubling Sales and tripling Profits is rather more likely. Yellow Belt
Further reading on this topic was discussed in the article: SM2.1 The Amazing 80/20 Rule Tool
How to Measure Net Cashflow
Cashflow is the lifeblood of any business. If the speed you collect cash owing to you is slower than the rate you pay it out to your suppliers, you are going to find it increasingly difficult to find the money to pay your suppliers. Unless this is rectified, you stand a good chance of going […]
SM1.0 How 1% Price Change Gave 11% Profit Increase
Price is a major determinant of the profitability of your business! A price change of as little as 1% can often lead to profit increases of up to 11%. A consultant study across 1,200 major businesses found that a 1-2% increase in price, assuming demand remained constant, on average would have increased the company’s profit by 11%. […]
SM6.0 Profitable Business Autopilot – Introduction
Have money available when you need it! Among the largest contributors to the failure of both small and larger businesses, are either; they fail to make a Profit: they don’t have a profitable business. or they incorrectly account for their cash and run out of money to pay their debts and tax liability. This […]
Dice Games Simulate Profit Game
READY TO PLAY A GAME? SIMULATE YOUR PROFIT GAINS. Throughout 12Faces we talk about several different Workflow and Inventory Models. The Simulation Dice Game will quickly give you an impression of HOW these models work in practice. Think that YOUR business doesn’t have a Production Line? That this doesn’t apply to YOUR business? Restaurant – raw […]
SM1.2 Longer Term Pricing Systems
Price is a major determinant of the profitability of your business! A Price change of as little as 1% can often lead to profit increases of up to 11%. You can make quick changes by changing your existing pricing by a percentage figure that, essentially, you think you can get away with. However, in the longer term, you might want to develop a system to your pricing so that you get a method of getting the best prices you can. Price is one of the major determinates of Revenue so it is an important issue to be aware of. This is a blue belt topic.
SM6.3 Profit Autopilot Focused Business Model Video 1
We have a two part video series on Profit Autopilot that gives you a quick introduction to the power of the Profit Autopilot approach. Video 1 introduces how quickly you can decide if your business will provide you with the Profit and Salary that you want. If not, it explains how to tune your business to achieve […]