Monday, June 18, 2012

Proven steps to Grow Your Business by 61%~By ActionCoach

Meet up with World No 1 Business Consultation Firm
- Jeffrey Quek Action Coach



The story started from a 24 old years millionaire - Brad Sugars. He already can "don't work" and retire base on the passive income he had, but he choose to be a coach because of interest. He setup a new business model and use international franchising model - Internet to expand his coach career. And he currently have more 1k certified action coaches and achieved world abundance business expansion.

If you go to the Entrepreneur.com (magazine) as a resource site for reference (like fortune 500) franchise 500 now they will be the top 65.

He started in bare hand with only himself as an action coach (number 1 business coach) till now have already create the empire of business consultation. In average, each action coach will assist to setup minimum 10 business per year. Which already been serving over 10,000 business owner yearly.

Base on the step by step manner as a start up "templates". So they will leveraging on the success case that can "follow the right formula".

Some testimonial including Adam Khoo! Singapore Top Multimillionaire (Net worth 35 mils)

Level of success all is differ, action coach help you to achieve the level of success you want for our life.

So in 5 years what you read will determine what you do.

"I knew I am doing something different..." none traditional grow You inside out. 

Will get train by 5 top level million dollars coaches, to set target to make a leaving but a greater person.

Actual business presentation :
Blame excuse denial!

2 bunch of people in the worlds, people will start to blame things or people and the end give excuse to themselves. Last put themselves to a "denial" mode, so not doing any action at all. And this will lead to next stage as a "depression" mode. Till cry...cause it can't to be help. (required medical treatment).

The other person ownership, accountability, and responsible. Keys are don't keep to much emotional disturbance. Who will be motivate you? Start to live above the line!

"The failures is the failure to participate", things can be learn from the world and if you don't try, it will not work. So to do an restraining the concern traction of the content by tomorrow. If you can give feedback to "participate" you can retained more".

Very ($&(@;$;(@ word to block everything is "I Know", it will block off the info. Action coach also encouraging to say, "isn't that interesting?". Be a good listener and get more as u can to appreciate.

Commercial, profitable,enterprise 

"activity" from business owner - phone ring in the break by themselves how long can you stay without work?.

"do we have you own business yet"? Most business owner need to have the business that need to "Works" without "you?"

What the advantage for this? Or the value? 
- can give yourself more time
- can give yourself expansion
- passive income 
- can invest
- can sell it out yes "profit"?

To "own" and "build" a business routine. The E Myth Revised to read by every action coach.

40 %failed first year

80 %next 5 years

80 %next 5 years

4 quadrant from Robert Kiyosaki B - I - S - E (sell do sell do can never continue for a life style), later on will be starting to do investment (constantly from sell to business owner then support your investment).

Reason for the number 1 failure - burnout

Every business should grow through a set path - 6 steps of massive results for a 
1.Mastery (bottom foundation) 
2.Niche (commercial enterprise)
3.Leverage that words 
4.Team without you 
5.Synergy growth 
6.Results freedom

Symptom of mastery
- did you plan?
- excessive hour?
- did you feel burn out?
- are you ever meet you goal ?

 Are you in control?
Business drive you or you drive the business ?

Why you need to know? To improve yourself 


Destination - Vision mastery(how clear are you?nor you team member)why mastery(what is your purpose? To you or your team member?) goal mastery( you know vision and why, this to plan to break to simple step to execute) Need to have the clarity to hit your target.
Money - break even mastery (need to know where to quote), profit margin mastery (earn enough), cash flow mastery (how you mange you money), KPI mastery (key driver profitability that need to monitor)
Time(productivity) - self mastery (key now is about the discipline of "you" to make sure our self perform better" as long you in business you need to grow, planning mastery (planning skills to set for 90 days)


Delegation (delegate but still work like hell, they just tell them step by step how to do and submit their work) vs abdication (throw every things to that person and expected o.a.r to get your expected one

Delivery mastery - supply mastery, quality master (give an consistency for your client), easy to buy mastery (making easy for the client to buy from you? What other things can you give your client), service mastery (has your master your service provided?)


By action coach "Niche is - no price competition (no competitor)" any example? Why are people's willing to pay few k for LV? IKEA middle range provide one stop service. Food republic (fight on price?), create an experiential dining for the audience and differentiate yourself from others.
1. USP unique selling point ( example to create Immersion with other passion you have? So where is the target "human pet photography"
2. Guarantee in your business ( what can we provide? Guarantee to swim 5 meters with only first payment instead of 3 months ?) need to be creative. Coach will have the art to guide you.

Business with successful marking do
"test & measure"
3 years - first year see and get the feedback, anything wrong direct can switch but not continue wasted.

Marketing leverage chart - frame work (templates) to grow any business.

5 proven was to increase your business profits.
"Number of leads" x "conversion rates " equal " # of transaction" x "avg $$$ sale " equal revenue x "profit margin " equal $profit$

With just 10% increase by using 344 set of strategies

1. Increase the Number of lead , Normal web design = nothing much
(change the header to 7 days guarantee to change if you don't like it)

2. Conversion rates (better way - warm up the greetings to replace normal  greeting " can I help you?")
"Thank you, can I ask you some question to improve it better?make an appointment with a better closing, to arrange another meeting.

3. # of transactions (instant cashflow =200 strategy) , as long you done one transaction - he will send You greeting cards forever (touch point)

4. Avr $$ sale ( up sale, down sale, break down sale - do you want to up size?

5. Profit margin 

Do the things within "baby simple steps"

Think back your profits over 12 months - activity to key in the profit with 61% increase
Think of top 3 things you would do with the extra? 

Quoting by warrant buffet
" it's not necessary to do necessary things to get extrodinationary results.


The key business strategy 
- leverage ever more with ever less
- divide of multiply

Leverage is all about "system"
- saving your self time, energy and money

Example: why people hirer to do sale but required to do admin work? So each sales guy will have more time to sale and no need to do extra admin work.

Move from people to system dependent - learn to build one to work for you.

"If you with an open mind, there is always a way"

First Systematize your team  9 steps, "instant system" 30% humanize 


About team, the key is to grow a team without a robust system (so can employ junior people to work with the system".


The cycle of e business (build systematize)
Owner (your hand and feet are all over your 2nd team, 3rd customers,and 4th business), team, customers, business
Steve Job grateful with team dynamic, hire the team member that can achieve 60% like you (else became our competitor ). Word of mouth cycle that really can improve your business 

Key of a winning team
1. Strong leadership - inspirations leader
2. Common goal - don't roll the boat in different direction, clear vision misery
3. Rules of the game - most follow else will missed align.
4. Action plan - details
5. Supports risk taking (what if....?)
6. 100% involvement and inclusive.

Synergy is about Growth 
- turn up the volume. But make sure your system can handle it...

Now install a general manager and put your business to auto pilot.


Freedom!
- to invest whether you want to do? Grow or sell?

If you can learn to run one business success, there is no reason you can run multiple number at time

Ask yourself , where is your business? Do a 6 questions survey.

1. One - to - one fast track results
2. Action club on gradual progression - group coaching , step by step practical tools and material, you learn and grow, under construction, coaching call.meeting, breakthroughs and be success!
3 growth club plan 90 days

The key is to teach how to put all the pieces together.
 Always invest on yourself

A break down of the "value" to the student.

Special rates?

For IRAS tax rebates of $10 repay $6, with 3 people will get back $1770 - final investment

Money back 100% if don't satisfied

 --------- criteria of $60,000 payout 5 points to get funding from IRAS.
If get funding then need to pay.

Complimentary of 1.5 hours 1 on 1 chat. Upon sign up the form.

Last, don't matter how tough you think you are. You Can't do this at your own. Tiger woods

Want better result, do things differently and reprogram yourself.

You know the what but... How? Think with the choose , fixed the ending.

You are probably 1 step away from your business greatness.

At the end of the workshop, I also bought Brad Sugars books that contains 255 powerful ways that can improve the profitability.



If you wish to get the "soft" copy, you can get it from Amazon.




Regards,
Adam Chua
 http://www.vacantseize.com