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.
Introducing the GamePlan System
Business Owners are Busy People! Dump “Pie in the Sky” 5 Year Business Plans We developed a routine for getting more done faster using the “Work Smarter, not Harder” mantra We were “National Small Business of the Year” and appeared 4 times in the “National 100 Fastest Growing Businesses” list using this approach This is […]
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
Business Problem Solving and Decision Making Tools
Inundated With Business Problems? Are you struggling with the business problem solving process? Would you love someone to brainstorm these problems with? Learn about the 5 whys and 5 Hows and how to solve complex problems. Drowning In Demands On Your Time? Learn about the 80/20 Rule and prioritise the problems you are facing. The […]
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 […]
Introduction to Ratchet Methodology
Table of Contents Building a Sustainable Business The 12Faces Mission is your Sustainable Business Success (SBS). Here we expand on our approach to establishing and maintaining sustainability in your business discussed in our Mission Description. Briefly, your business is Sustainable indefinitely if you have an acceptable income, acceptable workload and acceptable stress. We use the […]
Business Success With Sprints
Speeding Up Success Business success is about innovating and reducing problems as quickly as possible. Traditionally, this has just been a journey with no clear end and no intermediate points where you check progress and reconfirm the direction is still correct. The software industry found this approach led to frequent delays and over-budget problems. They […]