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    Read and Conquer!
    How often have you heard of a CEO or manager deciding some or other book is the ultimate tool in direction for his or her business? It’s been books like Tom Peters’ In Search of Excellence, we still are thanks Tom. Execution by Bossidy and Charan, all those executioners sure made a difference. Good to Great by Jim Collins and organizational focused books like Patrick Lencioni’s 5 Dysfunctions of a Team seem to find a slew of managers trying to create programs around them.Usually they have no idea of the effort it takes to introduce change in an organization. Even if they do have the smallest notion their expectations are way higher than reality!So what do
    , which will mean that your customers will have less money to upgrade their computer systems this year. "How to sell to more customers" might not be the right question this year. But asking "how can I sell more to my current customers" might lead to an idea to develop a coaching or consulting service that helps them increase their profits--by using your software--even in a down plumbing supply market.

    You could potentially sell this service to every single one of your customers! That would be some breakthrough.

    And asking, "how can I sell to my past customers" could yield an additional windfall as those guys will really need your help.

    Or perhaps you sell web-based information to stock market traders, and the market is heating up again. You know that more "players" will be entering the game, and you know mos

    I Said Pareto Chart... Not Potato Chart!
    Does this sound familiar? You were hired for the new management position. You were tasked to turn the numbers around. You take some time reviewing the current situation. Now it’s time to take a look at the current processes and get your staff together to analyze the data. You tell them that you want to brainstorm; work on a few mind maps, whip out a couple Ishikawa’s to get started and then have them bring Pareto charts relative to their respective functions.One of your department heads looks at you and asks “Ishiwhat?” “You know,” you reply, “a fishbone diagram.” Still blank stares. “Cause and effect?” you say as you scribble out a trout carcass on your white bo
    Are you planning your business or are you planning your growth?

    If you are like many high-performing business people, you have an annual ritual to set your plans for the coming twelve months. Some people do it in December, others at weird, miscellaneous times of the year, but most -- me included -- tend to do it the beginning part of the New Year.

    It doesn’t matter exactly when you do this, but it is important you do it sometime soon. It has been said all the way back to the time of the ancients: goals and written plans for their attainment are the surest way to speed up your accomplishments. So skipping this step is not an option!

    As you buckle down to this critical task, consider: are you planning for business as usual or are you planning for wonderful, extraordinary, growth? Many people feel kind of beaten down by the past three years of economic mis-performance and think a year in which profits don’t retreat will be a good year.

    Others--most people--will plan to do something very much like they did in 2003; perhaps they will try to do it a bit better. They may look at the surplus resources they have available (if any) and try to figure out how they can eke out a little more performance, profit and revenue -- without taking any big risks or doing anything radical. And for the most part, it will be business as usual.

    Ho hum...

    Don’t be either of these types...

    Plan to do something extraordinary!

    Plan to extend or expand or excel.

    And regardless of the economic forecast--which in the US is good, and in other places not so good--plan to create a breakthrough in your business.

    Sounds good... How?

    First, some fundamentals. Unless you have invented something never before seen in the world, there are only four components to having a profitable business:

    1. Have a large enough--and rich enough--market;
    2. Have products or services your market wants and is willing to pay for;
    3. Have a cost efficient way to obtain (and deliver) the product or service; and,
    4. Have a cost efficient way to sell your product or service.

    And regardless of what you may have heard in the past, there are only three ways to increase your revenue:

  • Sell to more customers;
  • Sell more to the same customers with each transaction; and,
  • Sell the same customers more often.
  • Think about it...

    Because while all of this may seem obvious and trivial, careful consideration of these seven simple statements will provide you some mighty powerful insights into how to have a breakthrough in your business.

    Second, your job is to turn these statements into the right questions.

    Questions like, "How can I sell more customer?" Or, "What services can I add to my product mix to increase the size of an average transaction?" Or even, "Am I selling to the right (large enough and rich enough) market?"

    Asking the right questions will fire off thought processes that can make you money--lots of it--provided you answer the questions and act on your answers.

    Say your business sells software to plumbing supply houses. You expect the pace of building to cool off a bit this year because of global interest rate increases, which will mean that your customers will have less money to upgrade their computer systems this year. "How to sell to more customers" might not be the right question this year. But asking "how can I sell more to my current customers" might lead to an idea to develop a coaching or consulting service that helps them increase their profits--by using your software--even in a down plumbing supply market.

    You could potentially sell this service to every single one of your customers! That would be some breakthrough.

    And asking, "how can I sell to my past customers" could yield an additional windfall as those guys will really need your help.

    Or perhaps you sell web-based information to stock market traders, and the market is heating up again. You know that more "players" will be entering the game, and you know most

    How to Avoid A Corporate Event Nightmare
    It's like the old dream where you're delivering a speech to a packed house - and suddenly realize that you're standing there with your trousers around your ankles. You've planned the perfect company dinner - and the caterer got the date wrong. Your keynote speaker didn't show up because his travel tickets were never confirmed. And the napkins at the tables don't match the tableskirts. Are your guests going to think 'Oh, their corporate event planners let them down? Of course not! When you plan a large scale corporate event, your company's reputation is on the line. Why would you leave that in unskilled hands?The most successful corporate events are those that are
    kind of beaten down by the past three years of economic mis-performance and think a year in which profits don’t retreat will be a good year.

    Others--most people--will plan to do something very much like they did in 2003; perhaps they will try to do it a bit better. They may look at the surplus resources they have available (if any) and try to figure out how they can eke out a little more performance, profit and revenue -- without taking any big risks or doing anything radical. And for the most part, it will be business as usual.

    Ho hum...

    Don’t be either of these types...

    Plan to do something extraordinary!

    Plan to extend or expand or excel.

    And regardless of the economic forecast--which in the US is good, and in other places not so good--plan to create a breakthrough in your business.

    Sounds good... How?

    First, some fundamentals. Unless you have invented something never before seen in the world, there are only four components to having a profitable business:

    1. Have a large enough--and rich enough--market;
    2. Have products or services your market wants and is willing to pay for;
    3. Have a cost efficient way to obtain (and deliver) the product or service; and,
    4. Have a cost efficient way to sell your product or service.

    And regardless of what you may have heard in the past, there are only three ways to increase your revenue:

  • Sell to more customers;
  • Sell more to the same customers with each transaction; and,
  • Sell the same customers more often.
  • Think about it...

    Because while all of this may seem obvious and trivial, careful consideration of these seven simple statements will provide you some mighty powerful insights into how to have a breakthrough in your business.

    Second, your job is to turn these statements into the right questions.

    Questions like, "How can I sell more customer?" Or, "What services can I add to my product mix to increase the size of an average transaction?" Or even, "Am I selling to the right (large enough and rich enough) market?"

    Asking the right questions will fire off thought processes that can make you money--lots of it--provided you answer the questions and act on your answers.

    Say your business sells software to plumbing supply houses. You expect the pace of building to cool off a bit this year because of global interest rate increases, which will mean that your customers will have less money to upgrade their computer systems this year. "How to sell to more customers" might not be the right question this year. But asking "how can I sell more to my current customers" might lead to an idea to develop a coaching or consulting service that helps them increase their profits--by using your software--even in a down plumbing supply market.

    You could potentially sell this service to every single one of your customers! That would be some breakthrough.

    And asking, "how can I sell to my past customers" could yield an additional windfall as those guys will really need your help.

    Or perhaps you sell web-based information to stock market traders, and the market is heating up again. You know that more "players" will be entering the game, and you know mos

    Trends: They Can Make A Person Very Wealthy
    Due to the internet, it is very easy for a creative and innovative person to do research on potential business opportunities. Not only are their a variety of websites that offer past market research, there are many that forecast the future of different markets as well as upcoming trends. Looking at trends provides great opportunities because they look at the future. Being one of the first to be involved with a new trend can pay off.Looking back at the last few years their have been a good amount of trends. The internet is one. The people that believed the internet would become a worldwide marketplace got involved with it long before others accepted it. Now a lot

    Sounds good... How?

    First, some fundamentals. Unless you have invented something never before seen in the world, there are only four components to having a profitable business:

    1. Have a large enough--and rich enough--market;
    2. Have products or services your market wants and is willing to pay for;
    3. Have a cost efficient way to obtain (and deliver) the product or service; and,
    4. Have a cost efficient way to sell your product or service.

    And regardless of what you may have heard in the past, there are only three ways to increase your revenue:

  • Sell to more customers;
  • Sell more to the same customers with each transaction; and,
  • Sell the same customers more often.
  • Think about it...

    Because while all of this may seem obvious and trivial, careful consideration of these seven simple statements will provide you some mighty powerful insights into how to have a breakthrough in your business.

    Second, your job is to turn these statements into the right questions.

    Questions like, "How can I sell more customer?" Or, "What services can I add to my product mix to increase the size of an average transaction?" Or even, "Am I selling to the right (large enough and rich enough) market?"

    Asking the right questions will fire off thought processes that can make you money--lots of it--provided you answer the questions and act on your answers.

    Say your business sells software to plumbing supply houses. You expect the pace of building to cool off a bit this year because of global interest rate increases, which will mean that your customers will have less money to upgrade their computer systems this year. "How to sell to more customers" might not be the right question this year. But asking "how can I sell more to my current customers" might lead to an idea to develop a coaching or consulting service that helps them increase their profits--by using your software--even in a down plumbing supply market.

    You could potentially sell this service to every single one of your customers! That would be some breakthrough.

    And asking, "how can I sell to my past customers" could yield an additional windfall as those guys will really need your help.

    Or perhaps you sell web-based information to stock market traders, and the market is heating up again. You know that more "players" will be entering the game, and you know mos

    Descriptors, Indicators and Knowledge
    Applied research is based on the following hierarchy of information (with knowledge the goal):A descriptor is simply a descriptive statistic of one sort or another. This many students or this much money, are both common descriptors and your lowest level of data.Alternatively an indicator is a calculated statistic with an implied value. An example of this would be the money spent on post-secondary education divided by the number of students. This ratio has the implicit message that how much money spent per student is important.Descriptors have a face value that is incontrovertible. The square footage devoted to bathrooms in museums may not be widely
    is may seem obvious and trivial, careful consideration of these seven simple statements will provide you some mighty powerful insights into how to have a breakthrough in your business.

    Second, your job is to turn these statements into the right questions.

    Questions like, "How can I sell more customer?" Or, "What services can I add to my product mix to increase the size of an average transaction?" Or even, "Am I selling to the right (large enough and rich enough) market?"

    Asking the right questions will fire off thought processes that can make you money--lots of it--provided you answer the questions and act on your answers.

    Say your business sells software to plumbing supply houses. You expect the pace of building to cool off a bit this year because of global interest rate increases, which will mean that your customers will have less money to upgrade their computer systems this year. "How to sell to more customers" might not be the right question this year. But asking "how can I sell more to my current customers" might lead to an idea to develop a coaching or consulting service that helps them increase their profits--by using your software--even in a down plumbing supply market.

    You could potentially sell this service to every single one of your customers! That would be some breakthrough.

    And asking, "how can I sell to my past customers" could yield an additional windfall as those guys will really need your help.

    Or perhaps you sell web-based information to stock market traders, and the market is heating up again. You know that more "players" will be entering the game, and you know mos

    Who Knows Advertising Best; An Advertising Salesman or an Entrepreneur Paying for It?
    Often we read articles on the Internet about business from some pretty seasoned veterans indeed. Unfortunately all too often the people writing these articles are self proclaimed Gurus of marketing or advertising, who are not seasoned entrepreneurs. In fact very few seasoned entrepreneurs have any reason to write about such things unless they are completely retired and therefore writing a biography or have switched careers.So, really who knows Advertising Best; an Advertising Salesman or an Entrepreneur who has spent his career writing checks to pay for it? It is a good question indeed. Why should this be an issue you ask? Well, some advertising salesmen have had
    , which will mean that your customers will have less money to upgrade their computer systems this year. "How to sell to more customers" might not be the right question this year. But asking "how can I sell more to my current customers" might lead to an idea to develop a coaching or consulting service that helps them increase their profits--by using your software--even in a down plumbing supply market.

    You could potentially sell this service to every single one of your customers! That would be some breakthrough.

    And asking, "how can I sell to my past customers" could yield an additional windfall as those guys will really need your help.

    Or perhaps you sell web-based information to stock market traders, and the market is heating up again. You know that more "players" will be entering the game, and you know most of them will lose their shirts (again) if they don’t get some help fast.

    Asking "how can I cost-effectively sell to more customers quickly" might lead you to some powerful joint-venture strategies. And thinking about joint ventures could lead you the question ’"how can I provide value to my competitors’ products" which could open up a whole new market for you. Another breakthrough.

    Can you see how asking questions will help you plan for extraordinary growth?

    The right questions, answered in the proper order gives you what I call a Growth Strategy Roadmap. This process will direct your thinking to create breakthroughs on demand. Sound impossible? It’s not... I have seen it work over and over. In fact, I’ve been helping people grow their businesses for years--by showing them how to ask these critical business-building questions.

    The third thing you must do, after you ask the right questions, is invent answers to those questions... and then you have to act on those answers. Of course, putting together an effective growth plan is a time consuming process, and there are lots of places for missteps that will lead to bad conclusions. But the benefits can be huge.

    © Paul Lemberg. All rights reserved

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