Why profit is the stepping stone to your dream life

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In this slideshow Georgette Rowland Osborne outlines the path from profit to fulfilling your dreams and danger signals to look out for in your business and your personal life that are affected by lack …

In this slideshow Georgette Rowland Osborne outlines the path from profit to fulfilling your dreams and danger signals to look out for in your business and your personal life that are affected by lack of profit

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  • List building e or sales process
  • List building e or sales process
  • List building e or sales process
  • Increase email subscribers from 50 to 500 over the next 3 monthsGet 4 sales meetings a week a month

Transcript

  • 1. 1
  • 2. By Georgette Rowland Osborne http://www.financialgymforbusiness.com 2
  • 3. • Your average Employee lives from payslip to payslip • The self-employed and small businesses live from invoice to invoice • Your average 6 and 7 figure business lives from launch to launch • What they all have in common is that in between those times....... 3
  • 4. ...most of them are BROKE!! 4
  • 5. Hierarchy of Achievement DREAMS (inspire & are free) ↓ VISION (inspire & are free) ↓ GOALS (are what change your life) ↓ NEXT ACTION STEPS & PRIORITIES (cost & require action) 5
  • 6. Dream 6
  • 7. Vision 7
  • 8. Goals 8
  • 9. Next Action Steps 9
  • 10. What does Your story look like? Your DREAMS (???) ↓ Your VISION (???) ↓ Your GOALS ↓ (???) Your NEXT ACTION STEPS & PRIORITIES (???) 10
  • 11. It matters because How you perceive the importance of being profitable in your business will directly affect the kind of life you end up with. 11
  • 12. Your Dreams • When you started your business, what type of life did you dream of building? • Are you there yet? • Can clearly see how you are going to get there 12
  • 13. Do You Have a Real Business? The only measurement, metric or analytic that validates your business is PROFIT 13
  • 14. Danger Signals in Your Business You cannot predict, with a certain degree of accuracy, what your sales and your expenses are going to be in the next 3 to 6 months 14
  • 15. Danger Signals in Your Business You can predict the money coming in - but it is not enough to comfortably cover your expenses 15
  • 16. Danger Signals in Your Business Your sales have stayed the same for a considerable period of time 16
  • 17. Danger Signals in Your Business If you lost a customer would it seriously jeopardise your finances 17
  • 18. Danger Signals in Your Business You have only one way of earning revenue and it relies on referrals 18
  • 19. Danger Signals in Your Business You have multiple streams of income to make you feel better but few really move the needle 19
  • 20. Danger Signals in Your Business You have no proven strategy in place to increase your sales a desire to make more money 20
  • 21. Danger Signals in Your Business You take longer to pay your suppliers than you would like, or in dribs & drabs so you can hang onto money longer 21
  • 22. Danger Signals in Your Life You imagined working for yourself would give you more time to spend with your family Instead you see less of them – and when you are with them you don’t mentally unplug. 22
  • 23. Danger Signals in Your Life You keep your nearest and dearest on a need to know basis, because you are scared when they express doubts about what you are doing, that they may well be right. 23
  • 24. Danger Signals in Your Life You imagined working for yourself would give you more time to spend with your family, but instead you see less of them – and when you are with them you don’t mentally unplug. 24
  • 25. Danger Signals in Your Life Your overriding emotion used to be excitement about your unknown future; but now it’s fear 25
  • 26. Danger Signals in Your Life Years after working for yourself, you have made great relationships, attended lots of courses, but when you break it down your business has pretty much stayed the same 26
  • 27. Danger Signals in Your Life Your business owes you money, but you cannot see how or when it will pay you back 27
  • 28. Take away the uncertainty by creating a Steady Pipeline of Sales 28
  • 29. What is your Profit Goal /Target for the next year? 29
  • 30. Work out where you are now financially 30
  • 31. And then where you need to be by DD/MM/YYY 31
  • 32. Decide on what things you plan to do to achieve this 32
  • 33. Identify the weakness in your sales pipeline? (Reverse Engineer) • Client fulfilment / Operations • Your product / service offering • Lead conversion / sales process • Lead generation 33
  • 34. Pick One Area to Focus on 34
  • 35. Pick a method of measuring your success rate as you go 35
  • 36. What specific next steps do you need to take now to make this a reality? 36
  • 37. Work on them continuously until you consistently generate sales 37
  • 38. Watch your profits go up and up 38
  • 39. 39
  • 40. By Georgette Rowland Osborne Visit: http://www.financialgymforbusiness.com For more free tips, give-aways, free video training and other resources to help you take control of your finances 40