EPISODE E3.012 Summary of Season 2 Owner Track Stage III

PROFIT RADIO..."Let's Grow Together"

PROFIT RADIO - What can I write that provides greater detail on the core of any business and the essence of our approach at IBGR? The ability to generate profit provides an owner with the flexibility to do great things because all successful businesses are more than just money, They change the lives of customers, employees, and investors.

Next week we make this a reality for you. Starting on Monday and running all week is our “IBGR's World Summit - Unleash Your Business’s Potential and Grow With Us”

LIVE on Facebook, Instagram, YouTube

• Monday: 2:00:- 4:00pm EST (-5), 4:00 - 6:00am AEST (+10), 11:30 - 1:30am IST (+5.5), 6:00 - 8:00pm GMT (0)
• Tuesday: 10:00 - 12:00pm AEST (+10), 4:30 - 6:30am IST (+5.5), 11:00-1:00am GMT (0), 7:00 - 9:00pm EST (-5)
• Wednesday: 11:30 - 1:30pm IST (+5.5), 6:00 - 8:00am GMT (0), 2:00 - 4:00am EST (-5), 5:00 - 7:00pm AEST (+10)
• Thursday: 1:00 - 3:00pm GMT (0), 9:00 - 11:00am EST (-5), 12:00 - 2:00am AEST (+10), 6:30 - 8:30pm IST (+5.5)
• Friday: 2:00:- 4:00pm EST (-5), 4:00 - 6:00am AEST (+10), 11:30 - 1:30am IST (+5.5), 6:00 - 8:00pm GMT (0)

Join us LIVE on social media (IBGRnetwork) or the IBGR.Network to Grow With Us.
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Introduction
There are several ways you can interact with the station and our OnAir Hosts:

• Pulsating ? on every page. It is a direct link to the Host and they will respond to your question during the show;
• Hit us up on social media - Facebook, Instagram, LinkedIn, and Twitter. Our handle is ibgrnetwork;
• JOIN our Community of Commerce and become an insider with direct access to our Hosts and support materials discussed on the show. ​

JOIN our Community and Let’s Grow Together!

Show Objectives - The WHY
Same as we did at the season's start, the focus is negative to prevent if - what must you avoid as an entrepreneur/business owner after you have survived the cash crunch and decided to build a business around the lessons learned.
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How to improve the business idea by creating structure and shift to planned opportunism as the foundation for real growth.

What You Need to Know - The WHAT
​Owner Trap:

• owner unable to transition from direct supervision to delegation;
• bringing in another level of management with role specific expertise to manage day to day;
• unmanaged conflict between "new hires" and "old timers". 

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What You Need to Do - The HOW
​Getting ready for growth

• Key Part of the Company: Middle - Upgrade the business by hiring managers/supervisors for day-to-day operations. The owner needs a layer of management to handle tactical issues and build processes. 
• Management Methods: Process - Shift of focus from direct supervision to processes, create best practices for becoming the Lowest Cost Producer (LCP) – faster with less defects, lower costs while improving quality. 
• Core Processes: Production and/or Service Execution - apply the principles of quality to improve how the offer is produced and/or delivered. Activity Based Costing - upgrade accounting system to capture true costs of selling, building, and servicing; this process determines profitability. Sales to Existing Customers - growth with existing customers - it is more cost effective and the source of improvements.

Next Week!

1. Watch our LIVE Events next week at our “IBGR's World Summit - Unleash Your Business’s Potential and Grow With Us”. ​
2. Join our Community of Commerce
3. Download our eBook - PROFIT RADIO..."Let's Grow Together"