C4.0.1 Rapid Solutions to Common Issues
Are You or Your Business Troubled? It is a sad fact that many small business owners face problems in their businesses. The Goal of 12Faces is to help you resolve those problems and put you on the path to success. Our Turnaround90 (T90) Course is designed around a 90 day GamePlan. But this special edition […]
SM5.3 TOC to Optimise Your Sales Funnel
Rapid Optimisation of Your Sales Funnel to Improve Profit The Sales Funnel is a well-known method of describing the several layers that a possible customer needs to pass through en route to becoming a customer. Each layer contributes more information about your business to the potential customer to encourage them to purchase. The Theory of […]
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 […]
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
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%. […]
C4.0 Troubled Business: Introduction to Turnaround90 (T90)
Are You or Your Business Troubled? It is a sad fact that many enterprises, both large and small, hit tough times.A troubled business often doesn’t survive If you are experiencing financially troubled times, this Campaign is designed to help by:(1) Rapidly stabilising your business to reduce further damage and then(2) Demonstrating the next steps to […]
5 Whys Meets Sales Funnel
The sales funnel concept refers to the process of tipping sales “leads” into the top of a “funnel”. They then progressively move through the sales process ideally converting them to a sale at the bottom of the funnel. The 5 Why technique is a method of working out why something is not working or has gone […]
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 […]