What have hedgehogs got to do with your business?
Well the answer will help you to build real clarity and focus in your business and enable you to stand the greatest chance of scaling up successfully.
Want to know more? Then take a look!!
How To Increase Your Income With A Proven Sales System - Robyn CraneSales Summit
No matter how unique a businesses is, every business has three main components: leads, sales and
fulfillment. Of course, each area is important, but only one ‘specific spot’ truly determines whether your
business is dying or thriving - and that’s sales.
This talk will help you:
• Identify the 3 Key Beliefs you must have to effectively close sales
• Learn the 4 Step Sales Blueprint to add more value and acquire more clients
• Discover the Crazy 8 and how it can help you make more money
• Understand how to shorten your sales cycle and sell more consistently and effectively
You have a GIFT! There are many people out there who are waiting for your help! By learning how to
increase your income with a proven sales system, you’ll be able to create a business and live that you
love!
Lifecycle Marketing for Nonprofit organizations to drive donations and volunt...Infusionsoft
Creating a marketing strategy that attracts interest, educates benefactors and increase donations in your nonprofit is essential.This presentation reviews the Lifecycle Marketing framework specifically as it relates to nonprofit organizations. It includes the steps involved in each phase and benefits of implementation in your nonprofit. In the face-to-face presentation we dive deep into email structure including killer subject lines, effective copy and great calls to action. If you’re looking to transform your nonprofit and take it to the next level you need to treat it like a business and implement marketing practices that drive results.
Starting a business should not be daunting, a good place to start is to understand the reason why you want to start a business. If you know your 'Why', then the other steps would be easier to identify and follow.
How To Increase Your Income With A Proven Sales System - Robyn CraneSales Summit
No matter how unique a businesses is, every business has three main components: leads, sales and
fulfillment. Of course, each area is important, but only one ‘specific spot’ truly determines whether your
business is dying or thriving - and that’s sales.
This talk will help you:
• Identify the 3 Key Beliefs you must have to effectively close sales
• Learn the 4 Step Sales Blueprint to add more value and acquire more clients
• Discover the Crazy 8 and how it can help you make more money
• Understand how to shorten your sales cycle and sell more consistently and effectively
You have a GIFT! There are many people out there who are waiting for your help! By learning how to
increase your income with a proven sales system, you’ll be able to create a business and live that you
love!
Lifecycle Marketing for Nonprofit organizations to drive donations and volunt...Infusionsoft
Creating a marketing strategy that attracts interest, educates benefactors and increase donations in your nonprofit is essential.This presentation reviews the Lifecycle Marketing framework specifically as it relates to nonprofit organizations. It includes the steps involved in each phase and benefits of implementation in your nonprofit. In the face-to-face presentation we dive deep into email structure including killer subject lines, effective copy and great calls to action. If you’re looking to transform your nonprofit and take it to the next level you need to treat it like a business and implement marketing practices that drive results.
Starting a business should not be daunting, a good place to start is to understand the reason why you want to start a business. If you know your 'Why', then the other steps would be easier to identify and follow.
We specialise in Facebook, LinkedIn, Youtube, Instagram and much more. We have a proven track record, staff and capability to manage your social media and get brilliant results! Do we sound like what you’re looking for? If yes, your search is over because you have found Marketing Sweet Adelaide’s Number 1 Marketing Company specialising in Facebook Management and Social Media.
RAMON RAY: Attract, Sell, Wow - How to Get New Customers and Keep the Ones Yo...techsytalk
Join Ramon at techsytalk LIVE 10 as he shares proven best practices for attracting new customers, generating sales and getting your customers to keep coming back!
Fall in Love with Your Business, Again. See the Future, Together.Kazuki Sato
If you are a owner of a small or medium sized business, you painfully know that time is more than precious. There is barely enough time for you to make sure that your business is profitable. If you have employees, who are supposed to make your life easier by helping you free up some of your time, you may feel betrayed by finding them doing exactly the opposite; take up more of your time.
You may have heard or read about the importance of having and defining a clear corporate vision, but who has the time for that?! Besides, how does that help me free up my time or make my business profitable, you might ask.
This presentation will illustrate how clear corporate visions can help businesses become more profitable, the business owners have more time, and the employees make more effective contributions to the business. It is intended to inspire business owners to rekindle their passions for their own business.
Easyuisoftware provides SEO Services for Casino and Gambling Websites.Get high quality and gambling,casino and gaming niche backlinks.We are the Best Internet marketing company globaly.quick contact us :easyuisoftware@gmail.com.
Future of Web Apps Tour Edinburgh & Leeds presents "Lessons Learned from Selling Dropsend and other Web App Stories" by Ryan Carson, founder of Carsonified
Get Satisfaction Customer Success Summit Morning KeynoteGet Satisfaction
http://bit.ly/1clmLDG, Best Practices of Community Management: The day started off geared towards our heroes, community managers and the techies. These will be collaborative sessions that are all about sharing best practices, learned knowledge, and tapping into the wealth of experience that you all bring to the table. Sessions were broken up into two tracks: Business Value and Best Practices of Community Management
Deep Dives on Special Topics (Product Training & Developers)
When Culture Is Everything - A Brief Lesson from ZapposAgus Iskandar
Zappos had been a perfect role model of a company which really really concerned about the their company's culture. That's why I titled this presentation, "When Culture Is Everything". Hopefully the presentation can inspired all of you.
The solution to growing revenue, retention and reputation is already in your business.
No matter your restaurant type, you already have the insights you need to grow. To help you put those insights to work, we gathered industry experts to talk about how you can gain a deeper understanding of your business and make more money with information you already have… right away.
$2000 Coffee is a unique concept in expert business consulting. In the time it takes to have a leisurely coffee, we can help you solve virtually any business problem - satisfaction guaranteed.
Are your Core Values and Purpose “alive” within your business? We covered Core Values last time - now we'll take a look at the Core PurposeCan you articulate a Core Purpose for your business - can your staff?!Do you find this purpose personally inspiring and is it authentic - not merely words that 'sound nice'?Do you and your team refer back to your values and purpose in your ongoing business activities?
Maybe this is a wild assumption, but my betting is you’d love your business to grow. The problem is, of course, that growth is never easy and takes tenacity, a bit of luck and a ton of hard work. At Audacious Creative, we’ve been wrestling with this question and, after weeks of feeling like we were getting nowhere and growth was never going to happen for us, we hit upon something so simple and powerful that it’s transforming everything we think, feel and do. In this slideshare/ webinar I want to take you through a really honest journey of how we’ve wrestled with this issue, what we’ve (re)learned and are now on a very clear trajectory to real growth. I look forward to going on this journey with you.
We specialise in Facebook, LinkedIn, Youtube, Instagram and much more. We have a proven track record, staff and capability to manage your social media and get brilliant results! Do we sound like what you’re looking for? If yes, your search is over because you have found Marketing Sweet Adelaide’s Number 1 Marketing Company specialising in Facebook Management and Social Media.
RAMON RAY: Attract, Sell, Wow - How to Get New Customers and Keep the Ones Yo...techsytalk
Join Ramon at techsytalk LIVE 10 as he shares proven best practices for attracting new customers, generating sales and getting your customers to keep coming back!
Fall in Love with Your Business, Again. See the Future, Together.Kazuki Sato
If you are a owner of a small or medium sized business, you painfully know that time is more than precious. There is barely enough time for you to make sure that your business is profitable. If you have employees, who are supposed to make your life easier by helping you free up some of your time, you may feel betrayed by finding them doing exactly the opposite; take up more of your time.
You may have heard or read about the importance of having and defining a clear corporate vision, but who has the time for that?! Besides, how does that help me free up my time or make my business profitable, you might ask.
This presentation will illustrate how clear corporate visions can help businesses become more profitable, the business owners have more time, and the employees make more effective contributions to the business. It is intended to inspire business owners to rekindle their passions for their own business.
Easyuisoftware provides SEO Services for Casino and Gambling Websites.Get high quality and gambling,casino and gaming niche backlinks.We are the Best Internet marketing company globaly.quick contact us :easyuisoftware@gmail.com.
Future of Web Apps Tour Edinburgh & Leeds presents "Lessons Learned from Selling Dropsend and other Web App Stories" by Ryan Carson, founder of Carsonified
Get Satisfaction Customer Success Summit Morning KeynoteGet Satisfaction
http://bit.ly/1clmLDG, Best Practices of Community Management: The day started off geared towards our heroes, community managers and the techies. These will be collaborative sessions that are all about sharing best practices, learned knowledge, and tapping into the wealth of experience that you all bring to the table. Sessions were broken up into two tracks: Business Value and Best Practices of Community Management
Deep Dives on Special Topics (Product Training & Developers)
When Culture Is Everything - A Brief Lesson from ZapposAgus Iskandar
Zappos had been a perfect role model of a company which really really concerned about the their company's culture. That's why I titled this presentation, "When Culture Is Everything". Hopefully the presentation can inspired all of you.
The solution to growing revenue, retention and reputation is already in your business.
No matter your restaurant type, you already have the insights you need to grow. To help you put those insights to work, we gathered industry experts to talk about how you can gain a deeper understanding of your business and make more money with information you already have… right away.
$2000 Coffee is a unique concept in expert business consulting. In the time it takes to have a leisurely coffee, we can help you solve virtually any business problem - satisfaction guaranteed.
Are your Core Values and Purpose “alive” within your business? We covered Core Values last time - now we'll take a look at the Core PurposeCan you articulate a Core Purpose for your business - can your staff?!Do you find this purpose personally inspiring and is it authentic - not merely words that 'sound nice'?Do you and your team refer back to your values and purpose in your ongoing business activities?
Maybe this is a wild assumption, but my betting is you’d love your business to grow. The problem is, of course, that growth is never easy and takes tenacity, a bit of luck and a ton of hard work. At Audacious Creative, we’ve been wrestling with this question and, after weeks of feeling like we were getting nowhere and growth was never going to happen for us, we hit upon something so simple and powerful that it’s transforming everything we think, feel and do. In this slideshare/ webinar I want to take you through a really honest journey of how we’ve wrestled with this issue, what we’ve (re)learned and are now on a very clear trajectory to real growth. I look forward to going on this journey with you.
Have you lost direction and focus in your business? Find out how understanding and communicating your core values can help you find your direction again and move your business from the infant or teenage stage, to a mature business.
How to Set the Goals that will Accelerate Your Video Marketing Success
Kristen Craft, Director of Partnerships at Wistia @thecrafty
Ezra Fishman, Director of Marketing at Wistia @ezrafishman
Lenny, Office Dog
What’s Wistia? ! We are: • Video hosting built for business - 80k customers • A resource for learning how to make great business video We are not: • A video production company • A video consulting company • A marketing agency
1 Thinking outside the box 2 Examples of great integration 3 Video’s super powers Table of Contents 4 A spectrum of goals 5 Ge ing started with video 6 Questions, and hopefully answers
Thinking outside the box 1
The video box ! !
Too narrow of a lens !
A video is only a piece of the puzzle ! My Company
A product page from Hubspot !
We can’t talk about the goal of this image independent of the page
Same is true of this video
And this video
What are my goals for this video? ! !
How can video help me accomplish my goals for this page? ! ! ! ! !
… for this email? ! ! !
… for this campaign? !
Examples of great integration 2
Goal = get more registrants for conference ! How can video help achieve this goal? • Show what happened last year • Hear from past attendees • Improve click through rates on promo emails ! In some cases, the answer will be => video cannot help achieve this goal. That’s fine!
Goal = increase signups by explaining your product and features ! How can video help achieve this goal? • Show your product in action • Highlight particular features or use cases • Drive deeper exploration
Goal = reduce support tickets related to a specific feature ! How can video help achieve this goal? • Give step by step instructions for using a feature • Evaluate where viewers pause and rewatch
Video’s super powers 3
Leverage the strengths ! Video is very good at: • Explaining complex topics • Showing how to … • Building trust • Making us more human
Increased conversion by 10%
Explain complex topics
Show how to … Goals • Improve on-boarding • Reduce support • Scale sales personnel • Increase inbound traffic
Build trust Goals • Increase sales qualified leads • Improve lead conversion rates • Supercharge recruiting efforts
1,000 survey responses!
Make your business more human Goals • Build rapport with your audience • Get visitors to pay attention and take action • Increase word of mouth referrals
A spectrum of goals 4
The spectrum
Start
Short term, measurable ROI
Growing more comfortable with video
ROI = time saved + inbound traffic
Team is fully on board with video
Leveraging the emotional power of video
Acknowledge direct ROI will be tough to measure
Getting started with video 4
“Now what?”
The Fears ! • Will I make the right video? • Can I do it without pro help? • Will the video look crappy? • Will I look and sound stupid?
The Concept
The Script
The Setup
Use the camera you already have.
The role of Chartered Accountant in capacity as Virtual Entrepreneur Mentor t...CA. (Dr.) Rajkumar Adukia
A chartered accountant in the capacity of a virtual Entrepreneur Mentor can act as a trusted confidante over an extended period of time with an objective to provide advice, counseling from a fresh perspective, collaborate and help you as an entrepreneur stay focused on their long-term goal of making their venture a success.
Dipts is a platform where students develop their Carrier along with their professional and technical development.
the only study based institute where they earn money along their studies
If You Could Go Back In Time & Advise Your Younger SelfMark Masters
There are more people starting their own journeys to build their own business.
Here is a response from 20 business owners when asked if they could go back in time ...'What three things would you advise your younger self to build a successful business.'
If you are serious about scaling your business – or even just ensuring that you iron out some of the peaks and troughs – you need to have and execute a solid lead generation process.
In this Slideshare I am going to show you how to capture the key behaviours we need to adopt each month – the key things we need to do – in order to consistently generate the leads we want. It’s all very well having goals and targets – but they are not going to happen on their own!
We all succumb to procrastination at some stage. In this Slideshare, The Time Doctor will provide some simple but highly effective strategies, that will help you to get started at those times when we succumb to that enemy of productivity - procrastination
Presenter - Simon Cook Company - SRC Accountancy Services Ltd
The area of tax for businesses is not straightforward, in fact it can be a real minefield for business owners. However, if you take a little time, and work with your accountant, it’s usually possible to find ways to save some tax.
Three things every business owner should be doing to grow their business
Why engagement marketing is exactly like networking, but without having to leave the office
The one thing you should never do if you want to win over your clients and contacts.
How to Improve Efficiency in Your Business/ Improving Your Business ProcessesBizSmart Select
Develop Solutions or Use Off The Shelf Tools? This SlideShare and linked webinar recording is a guide to get you started. Want to know more? Then listen to the webinar!!
In this Slideshare in linked webinar Simon will provide ideas how business owners (UK focus) can take money from their businesses in a tax efficient manner.
What is the Enterprise Finance Loan Guarantee Scheme?BizSmart Select
This is a government back scheme that’s been around for a long time to help small businesses get finance. We will look at what how it works and how and why it can be used. We will also look at why banks are often not very keen and will dispel some of the myths circulating about being miss-sold an EFG.
Whether you work for yourself or someone else you will need to be both organized and productive at work; every day. Not only will you feel better but you'll also impress your boss, colleagues and clients. So how can you make sure that you stay organized and productive? In this Deck and linked Webinar we’ll discuss ten things that you can do to be more productive
This slideshare is about core values and defining what you and your business really stand for.
It is fundamental to gaining focus and ultimately control over your business – and creating a successful business. It is the first step in creating a powerful vision for your business and the next four shares by Kevin will enable you to complete your vision
Building on the Introduction to Lean for small businesses, Louise further explores the ideas behind Continuous Improvement and the various tools businesses can use to benefit from Continuous Improvement practice.
As ever - keeping it simple will be at the heart of the presentation!
The implications for employers of GDPR are many and varied and the responsibility lies with each business owner to ensure that they are compliant. With this in mind Sara Marrett from HR Department will help you understand the key facts to help you prepare for this big change
How to Join the Dots between Sales and MarketingBizSmart Select
From suspects to prospects – how to join the dots between Sales and Marketing
Join Gill Hutchinson of Aardvark Marketing Consultants as she shares some anecdotes and top practical tips to make your sales and marketing efforts work in perfect harmony.
How to measure the success of my social mediaBizSmart Select
So many businesses create social media accounts and start posting. And they keep posting and posting and posting...
But do you know if your social media channels are working or not?
This deck will show you what to measure and if all your social media effort and activity is worthwhile...
Tax Efficient Investment Planning for (UK) Business OwnersBizSmart Select
Simon Baldwin, a leading authority in Tax Efficient Investment Planning for business owners and a Certified Financial Planner, whose advice is guaranteed by FTSE 100 Company. In this Deck Simon looks at Tax Efficient Investment Planning
Put your social media, website and newsletters on fire with these 12 emotion-loaded content ideas.
A firecracker without a match to set it off isn’t going to make much of an impact. A good product or service without an emotion-evoking message isn’t going to be all that persuasive.
In this deck Philippe looks at 12 emotions that will make your messages explode with persuasiveness.
How to ensure your Virtual Assistant delivers Tangible supportBizSmart Select
The ability to increase capacity within your business (and perhaps hand over those jobs you would rather not do) sounds great in theory. Increasingly businesses are embracing flexible and remote working to reduce overheads, but should you allow an ‘outsider’ into the inner most workings of your business? Can a VA really deliver tangible support?
How to Protect your Business with Cyber SecurityBizSmart Select
This deck provides an overview of potential threats to your business (Internal & External), how you can protect your business from these threats and also touch on General Data Protection Regulation (GDPR) that is to be introduced next year in the UK.
What’s the bottleneck in your business or industry? What if you could gain control of that bottleneck? Discovering your X Factor can provide a multi-fold advantage over your competitors.
In this deck, Kevin will explore the ideas developed by Verne Harnish in his Fortune Magazine article on Seven Strata of Strategy
If you’re wondering whether workforce management software is what you need to streamline your business and if IQ:timecard or IQ:careplanner may be the right solution for you, then let us explain more about what workforce management software actually is.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.
How to Find Your Hedgehog!
1. What have hedgehogs got to do with your
business?
Well the answer will help you to build real clarity
and focus in your business and enable you to stand
the greatest chance of scaling up successfully.
Want to know more? Then join me on my webinar!!
There is a link at the end of this deck to the associated
blog and webinar recording.
13. BizSmart aims to help business owners of small and
medium sized businesses to create value and scale their
businesses through sound practical business support by
providing insight, Clarity combined with a real
determination to help you succeed.
You can access webinars and presentations like this and
more besides through our SmartRoom service here
You can read the associated blog and listen to a live
recording of this presentation by clicking here
You can read Kevin’s profile here
14. •Need a sounding board for your ideas?
•Need to know what to prioritise?
•Want someone to challenge your assumptions?
15. BizSmart –
Where Smart people go to surround themselves with other
Smart people, to gain business success.
Editor's Notes
We now have a Vision – and if we’ve followed the steps in our previous tutorials we will have a Powerful Vision that we believe in. If you’ve got a senior team then hopefully you have involved them in creating it and we will then have made an important step in galvanising the business around a common set of values, purpose and direction.
At the moment though, this is still in the realms of being a wish – we now have to work out how we are going to make it happen.
To do this well we need to make sure that we find the right business model – and a big part of that is focus.
Most of the business owners that we work with are not short of ideas – in fact quite the opposite. So what we want to do is to focus onto products and services that we can become known for doing brilliantly and that are also ones that we can scale. If we want to build the kind of business that doesn’t require us being involved in every single decision and every single step then we need focus on products and services that are scalable.
So I’m going to introduce a concept here that we are going to come back to over the next few tutorials. We will start it now, but will complete it later.
It is called the hedgehog principle –let me explain. Imagine a hedgehog being hunted by a fox. The hedgehog has been around for the last 15 million years and has one big idea –one big thing it does whenever the fox comes close – it rolls up into a ball so that it’s prickly spines form an impenetrable barrier to the fox.
It does this every time and it does it very well
It doesn’t try something new – it doesn’t think one day ‘I wonder if I can outrun the fox today?’ It sticks to the thing that it knows it is great at and it has perfected it. It knows the fox will eventually get bored and then when it does, the hedgehog can go about it’s business.
So what has this got to do with business and our planning? Well we need to find our ‘hedgehog’. Businesses that do stand the greatest chance of achieving long term success and in the words of Jim Collins becoming great businesses.
So he proposed a simple model for businesses to articulate their hedgehog – it is based on three things – what we are passionate about, what we can be the best at (or best in class at) and the economic or profit engine/ or the handle that we will crank that will drive the profitability – what drives our profits/ how do we make money?
The sweet spot is where these three circles interlock and if we’ve done it well this should directly link with our Stretch Goal.
The first we’ve already done – it is our core purpose. The remaining 2 we will come back to in more detail once we have understood a few more principles about scalability and value. But for now I’ll give you an example of what we are after:
Imagine we are a nationwide pharmacy chain – dispensing medications and health and wellness products and services.
What we might be passionate about – or our core purpose could be “To help people get, stay and live well”
Where we think we can build differentiation from our competition – or what we think we can be the best at – might be “The best on the ‘high street’/ convenient provider of support and advice”
And our profit engine might be “Profit per customer visit”. This gives us real clarity and focus because if we’ve agreed this then everything we do needs to be about increasing customer numbers/ driving customers into our stores and then ensuring that make the most profit from each customer – upselling etc.
So you may already be thinking about your circles. You can certainly complete the top one with your core purpose and you can also pencil in your Stretch Goal. The reason I say pencil in is that we are going to do some more thinking and it may be that as a result we re-visit our stretch goal later.
By all means have a stab at completing the other two circles – what can we be the best at/ world class at if we really go for it – and what might be the profit engine/ what has or will have the greatest impact on your bottom line?
But don’t worry too much at this stage because we are going to explore some other ideas first to make sure that we think through them properly and that we settle on something we are confident that we have the right model that allows us to scale.
So the next section is going to explore what makes a good business model and the basics of scalability.