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4 Dangers Facing Business
Business should be a well oiled machine But … todays business challenges… ,[object Object]
Operational ineffectiveness
Lack of focus
Time mis-management,[object Object]
Business is cyclic: plan for it Business Failure in UK and US Quoted Firms: Impact of Macro-economic and The Role of Legal Systems (2003),  A Bhattacharjee, c. Higson, S. Holly, P. Kattuman
Northwest business bankruptcies
Liquidations to Q1 2011 ,[object Object]
3.7% more than previous quarter
2.1% more than Q1 2010,[object Object]
Operational Mess No SMART goals Lacks executive focus Not understanding consumers Knee jerk discounting Poor time management
A business has SMART goals if… ,[object Object]
Measureable
Achievable
Relevant
Time-boundSMARTER goals have “emotional resonance”
Lack of Focus No business strategy Continual fire fighting Meetingitis No marketing/sales calendar
Business must understand consumers ,[object Object]
"Pained but patient“

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The 4 Dangers Facing Business Today

  • 1. 4 Dangers Facing Business
  • 2.
  • 5.
  • 6. Business is cyclic: plan for it Business Failure in UK and US Quoted Firms: Impact of Macro-economic and The Role of Legal Systems (2003), A Bhattacharjee, c. Higson, S. Holly, P. Kattuman
  • 8.
  • 9. 3.7% more than previous quarter
  • 10.
  • 11. Operational Mess No SMART goals Lacks executive focus Not understanding consumers Knee jerk discounting Poor time management
  • 12.
  • 16. Time-boundSMARTER goals have “emotional resonance”
  • 17. Lack of Focus No business strategy Continual fire fighting Meetingitis No marketing/sales calendar
  • 18.
  • 21. "Live for today"“How To Market In a Downturn”, Harvard Business Review April 2009 - JA Quelch & KE Jocz
  • 22.
  • 23. Sale price is £12.75, profit is £2.75
  • 24. Have to sell 18x£2.75 to get £49.50 profit8 extra sales required!
  • 25. Traits of a pretty poor time manager Works more than 50 hours a week Few specific goals or deadlines Usually not meeting deadlines Makes ill-thought out decisions Stressed No real social life No time for exercise Fear of delegation Messy desk Procrastination
  • 26. Parkinson’s Law “Work expands so as to fill the time available for its completion” Cyril Parkinson, 1957
  • 27. Resolving Business Dangers Create a business strategy Address the 5-6 key issues Produce a pragmatic “vital few” plan Improve time management Keep executive and team focus
  • 28. Focusing on the “one” Training gives 22.4% increase Training plus coaching gives 88% increase Public Personnel Management, Winter 2007, Vol 20, Issue 4
  • 29. “The time to repair the roof is when the sun is shining”
  • 30. Business Action Programme Steps Growth questionnaire Strategic view KUTA matrix Time management workshops Weekly business focus
  • 31. Jim Symcox Business growth evangelist for the last 11 years Trained by Chet Holmes, Tony Robbins and Jay Abraham Help Tony and Chet’s clients worldwide Helped grow businesses on NWDA High Growth programme
  • 32. What others say… Top qualities: Great Results, Personable, Creative “I have worked with Jim on a regular basis in the past 12 months and he has provided me and my company with some invaluable advice, particularly in the field of business strategy and marketing. Jim has a wealth of experience that has really helped my company grow during very difficult economic times.” Duncan Freer Top qualities: Personable, Expert, Creative “We welcome this opportunity to recommend Jim from Business Powerpack Limited as both as a speaker & workshop leader. . At our recent Digital Matters events, at various events aimed the Digital, Creative and ICT sector, he has always provided detailed and thought provocative presentations which are littered with excellent realistic pointers and practical tips in helping to drive business activities forward. His presentations are always concise and designed to meet the brief. His presentation clearly demonstrated his depth of knowledge and understanding of the needs of the small businesses.” Les Selby
  • 33. Contact Details Jim Symcox Tel: 07963768114 Email: Jim@acornservice.com Web site: http://www.business-powerpack.com Author of “how to leap ahead of your competitors”

Editor's Notes

  1. 4300 UK companies between 1965 and 1998. HP = HP filtered UK series of output per capita data represents the business cycle