There are just three ways to grow a business
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There are three ways to grow a business: finding new customers, increasing current customers' purchase frequency, and giving current customers opportunities to increase purchase sizes. While many businesses focus only on acquiring new customers, focusing on all three can exponentially increase revenue through "the power of geometry." Increasing each of the three areas by just 10% can significantly boost total income, and doing so by 25% can nearly double performance.
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The Icehouse is a business growth center established in New Zealand in 2001 to support small and medium enterprises (SMEs). It has worked with over 4,000 companies, providing programs to help businesses grow. Their vision is to develop internationally successful companies and help New Zealand rank in the top half of the OECD by 2020. Specifically, the Icehouse aims to support the growth of Maori businesses and help realize $12 billion in additional GDP and 149,000 new jobs from the Maori economy by 2050.
Micro Enterprise Development
If we had $50,000 to spend to improve the wellbeing of our whanau, we would invest it into growing the household income because research shows that it has a multiplier effect; it improves quality of health, social development, housing, greater social connectedness, educational advancement, wider employment options and increased life expectancy .
To increase the household income there are 3 potential ways to assist -
1. We could find jobs for those that are unemployed but the government does that;
2. We could try to help those that have a low paying job into a higher paying job - statistically higher paying job opportunities require staff management experience, making this solution difficult to influence e.g. If we are not their employer how do we give them staff management experience?
3. Our solution enables them to generate their own income via a business.
Business in a Box has been created for people who may not be business savvy and who want to start a business to create additional income. Business in a Box is an easy business training programme that provides a simple, low risk way unlike mainstream business training programmes. Business in a Box uses ‘experts’ to do all of the complex parts of starting a business, for participants.
A INNOVATIVE APPROACH TO TRANSFORMING THE PUBLIC SECTOR concept paper oct 0...
A concept paper on scaling social innovation using the public sectors strengths. Submitted for consideration to be developed into National party policy.
In short I thought I could change the government from the inside...LoL
Growing The Maori Economic Engine
More and more people are realising that Collective Impact is not just a fancy name for collaboration. It represents a fundamentally different, more disciplined and higher performing approach to achieving large-scale social impact. Many organisations attempt to collaborate, with varying degrees of effectiveness. It is not often that they begin their relationship with a shared definition and understanding of the key problem that they are collaborating to solve. Collective Impact initiatives have a structured methodology and process to ensure proper execution, which is where many collaborations fail.
A vital part of making Collective Impact work is investing in the economic engines of the partner organisations. This is the key lever to get everyone on board and buying into the goals and shared measurements, and also helps with ensuring that the initiative partners are financially sustainable.
NEW THINKING TO SOLVE OLD PROBLEMS
This document outlines Travis O'Keefe's experience working with over 100 Māori business leaders and trustees. It identifies key differences between organizations that were successful versus those that were still works in progress. Organizations that gave away their t-shirt did not engage beneficiaries, measure progress, or prioritize training. Those proud to wear the t-shirt communicated with beneficiaries, invested in trustee skills, and had brave conversations. The document provides strategies and case studies for focusing on root problems, testing rather than guessing, having an empowered team, and developing financial strategies to enable social visions. It offers insights and a process to achieve collaboration at scale.
Acquisitions for good presentation for asb ct
A fundraising program for Not For Profits. I believe in thinking different and it just happens that this solves problems.
SUCEEDING AT SOCIAL ENTERPRISE
This document provides information on succeeding at social enterprise. It discusses who Travis O'Keefe is and his experience in social enterprise. It then covers topics such as what social enterprises are, levels of integration between social and business activities, and key differences between startups and established companies. The document also discusses Lifetime Design, a social enterprise Travis founded that works to make homes more accessible.
Strategic exits identify a buyer
This document provides questions to help identify potential buyers for a business. It suggests asking who needs the business's customer base, technology/systems, or people. Other questions include whether the business's managers or employees could be sold to, who sells to the same customers, who makes money when the business does, and who has problems the business could fix or threats it could reduce. The overall questions are aimed at strategically finding buyers who could generate more value from the business.
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Māori Leaders Programme final evaluation report - july 2015
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Supporting Māori businesses to grow to internationally competitive standards
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[To download this presentation, visit:
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This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
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5. Agile Innovation Framework
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9. Christensen’s Disruptive Innovation Theory
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13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
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There are just three ways to grow a business
- 1. THERE ARE JUST THREE WAYS TO GROW A BUSINESS
- 2. I learnt this from Jay Abraham a guru of marketing
- 3. THERE ARE JUST THREE WAYS TO GROW A BUSINESS
- 4. YOU CAN FIND NEW CUSTOMERS
- 5. YOU CAN HAVE YOUR CURRENT CUSTOMERS BUY MORE FREQUENTLY FROM YOU
- 6. YOU CAN GIVE YOUR CURRENT CUSTOMERS MORE OPPORTUNITIES TO INCREASE THE SIZE OF THE PURCHASES THEY MAKE
- 7. Most people grow their business incrementally and linear, because they fix in only on growing more clients
- 8. But, if you grow clients and you focus on increasing the size of the transaction and you increase the frequency of each client’s purchase, you’ll increase your revenue and income 100%, 200% or more.
- 9. If you work on all three ways to grow a business at the same time, and all you did was improve all three ways by a mere 10%, it brings the power of geometry to bear.
- 10. # of Clients Transaction Value Transactions per Total per Client Year Income 1,000 X $100 X 2 = $200,000 But if all you did was increase those three categories by a mere 10% each # of Clients Transaction Value Transactions per Total per Client Year Income 1,100 X $110 X 2.2 = $266,200 if you increased those three categories at the same time by 25%, it would almost double your performance to $390, 625
- 11. if you don’t work on the geometry of your business, then you’re going to always work harder for your company than your company will work for you.
- 12. TRAVIS OKEEFE Here: travis@imtv.co.nz Everywhere: www.linkedin.com/in/travisokeefe