How to Systemise Your Business and Measure The Results

  • 189 views
Uploaded on

What do you measure in your business? Is there something that you monitor on a regular basis that tells you how your business is performing? If not, then you are unfortunately missing out on some …

What do you measure in your business? Is there something that you monitor on a regular basis that tells you how your business is performing? If not, then you are unfortunately missing out on some great opportunities. You see, there is a saying in business, that “you can’t improve what you can’t see”, and that is exactly what we mean by measuring important things in your business so that you can see what is working, what isn’t. The beauty of this is that when you know what is working you can keep doing more of it on a much larger scale, and the things that you know aren’t working, can be stopped instantly if you are measuring them and you won’t waste days or weeks, wondering if they are going to turn around.

More in: Career
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
189
On Slideshare
0
From Embeds
0
Number of Embeds
0

Actions

Shares
Downloads
2
Comments
0
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. Entrepreneur Systems Tips, Strategies and Advice by Kim Morris, Systems Expert and Chief Efficiency OptimiserHow to Systemise Your Business and Measure The Results What do you measure in your business? Is there something that you monitor on a regular basis that tells you how your business is performing? If not, then you are unfortunately missing out on some great opportunities. You see, there is a saying in business, that “you can’t improve what you can’t see”, and that is exactly what we mean by measuring important things in your business so that you can see what isworking, what isn’t. The beauty of this is that when you know what is working youcan keep doing more of it on a much larger scale, and the things that you knowaren’t working, can be stopped instantly if you are measuring them and you won’twaste days or weeks, wondering if they are going to turn around.For example if you don’t really know where the majority of your customers arecoming from, you’re literally flying blind because you’re not able to continually tapinto that source.If you’re not measuring anything in your business you won’t have any idea whatmarketing and promotional campaigns are working, how well your sales people aredoing, or even how much each sale is costing you.Measuring certain key things in your business gives you the power to makegood decisions. You’ll know what marketing works for your business, and whereyou need to spend money and where you should avoid spending money.Another highly valuable piece of information you’ll discover when you start tomeasure what’s happening in your business is you’ll begin to understand whereyou greatest leverage point is, that is where your greatest opportunity forimprovement is.For example, it may be that you’re getting customers in the door, but they’re notbuying, or it may be that their buying but their buying all your cheap stuff, or it maybe that a customer buys from you once and never comes back.There are all things you can be measuring in your business. Once you know whereyou need to focus you have the power to make good informed decisions and youcan start to put systems and processes in place to make it work better.This is where the real hidden gold lies, where the untapped opportunity forimprovement is – when you have systems and processes that virtually guaranteeyou consistent and predictable results, then you are on the road to success. 1 An Entrepreneur Systems Resource | 2012 | www.entrepreneursystems.com
  • 2. Entrepreneur Systems Tips, Strategies and Advice by Kim Morris, Systems Expert and Chief Efficiency OptimiserKey Takeaway: Starting today, begin measuring the important things in yourbusiness so that you know what is working and what isn’t. Start by measuringthe amount of leads you get, and how many of those turn into customers (yourconversion rate). From this work out which marketing and promotions are workingbest for you and upscale them – make them even grander, and immediately stop anymarketing and promotion activities that are not generating cashflow. Kim Morris is a Systems Expert and Business Efficiency Optimiser. Kim provides simple systems and solutions for service based business owners to help them systemise and streamline so they have more time and more fun in their business. For you FREE Systems Development Blueprint with bonus templates and action plan visit http://entrepreneursystems.com 2 An Entrepreneur Systems Resource | 2012 | www.entrepreneursystems.com