PROFIT RADIO - "A Network of Entrepreneurs for Entrepreneurs"
We introduced the 5.15.80 Model at the beginning of the Season. It was a combination of research into small business performance and our practical experience from the last 2 decades. You could go to any area around the global with a market based economy and randomly select 1,000 companies, here is the distribution you would find: 5% or 50 companies that own their markets, 15% or 150 companies that are making money, and 80% or 800 companies that are barely surviving.
This series is about how to move from one level up and our concern in this series is the 80%, the focus now is how to make the business perform and viable, and move in the 15%.
LISTEN > ENGAGE > APPLY
Today we start 3 of the 9 Disciplines of Fast Growth. These are the beginning disciplines that will move a successful business to a market dominator.
Disciple 4 is the first in the sequence and starts with ways to improve market and sales performance. Today we will build on last weeks show 5.15.80: COST FIRST OR DIE - THE 80% by using the process information to understand our true costs.
Discipline(s) 7, 8, and 9.
Key Issues - Owner Perspective:
What Do I Need To Know
What You Need to Do
One assumption we make when starting on this topic is the major or core processes related to production (or service delivery) have been mapped. If you have not broken your processes and made progress on updating, ABC is a waste of time.
How to build or improve your business with IBGR
We are your single, one stop source for business success, period, end of story.
Make sure you leave some thoughts in the comment section below. I am interested in continuing the conversation.
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