Are you looking to grow the business and increase its value without relying on a huge influx of new customers? We tackle that in Day 4 of this sprint.
Start by managing your cash flow like a pro. Here are five tips from creating cash flow forecasts to negotiating favorable payment terms, that can help you optimise your business for growth and success.
Want to make more money with your business? Then you need to start focusing on customer retention! Just a 5% boost in customer retention rates can dramatically increase profits – up to 95%, according to research. But how do you achieve lasting relationships with your customers?
Follow our heroine Sarah’s lead: she reached out, asked for feedback and implemented initiatives to enhance the customer experience. The rewards were greater than she ever dreamed of.
Feeling like your business is stuck in a Groundhog Day loop? Kickstart your growth with these six tips. From tracking your customers, to analysing performance to exploring new markets and targeting audiences, you can break free from stagnation AND unlock the keys to success.
Struggling to find the time to both run and grow your business? In Day 1 of our sprint, here are some practical tips and strategies that can help you become a master of time management while making sure you don’t burn out! Follow these simple steps and learn how to unlock the secrets of success – without having to pay top consultants thousands of dollars!
As we enter the Easter break, why not use this time to freshen up your business strategy? Take part in a 10 day sprint that touches on burning issues such as time management, customer retention, revenue growth and more.
With insights and strategies to implement, you can make sure that your business is well-positioned for success in the future. Let’s get started!
Succession planning is key to ensuring the long-term success of your business. As a business owner, it’s important to ask yourself: Who do you trust to take over the reins and lead your business forward? In my latest blog post, I delve into the critical topic of succession planning and share my thoughts on how to identify and groom potential future leaders.
As a professional, you should try to engage potential clients and partners effectively.
But sending out crappy, unsolicited emails isn’t the way to do it. Instead of generic messages, take the time to research your recipients and personalise your messages to show that you’re an expert and that you care.
Not only will this increase the likelihood of a response, but improve your reputation and credibility too.
To save on merchant fees, are you willing to delay payments by months or not even get paid at all? What does it cost you in terms of missed opportunity costs, working capital financing costs, etc?
Once money comes into your business, you have opportunities to invest it in your sales/marketing, service, or other opportunities which have an ROI much greater than 3%.
It’s not about the margin on every transaction, but the ROI and timing of it in your hands
Cash is king and your payment terms can sometimes be sabotaging your business by influencing customers to delay and extend the payments owed to you. This is part 1 of a situation that I came across about payment terms and cash flow, and how you can optimise both.
Cash is King, and this is clearly seen by business owners who have great margins and profitable businesses, but for whatever reason, getting paid takes a while and so they face the stress of having to scramble to meet payroll and other obligations.
The answer is to introduce recurring revenue models where possible and provide incentives and make it easy for your customers to pay you as soon as possible.
Ever been told you can’t bring a customer on board, or you can’t take the opportunity you dreamt about? If it’s from a non-business area of your company (such as the accountant or compliance) it’s worth pushing back 100% and having them give you a fully justifiable 100% reason why – and eliminating 100% risk so their jobs become easier is not a valid reason.
Is your path of success a nice paved multi-lane highway, Freeway, Potholed Freeway, street, dirt path, or pile of garbage no one can get around? Here is the opportunity to turn lemons into lemonade and pave clear paths of growth for a future that can transform your life and one you would not have expected.
Sometimes it’s best to hear directly from business owners on what it means to own a “sellable” business. I think you will find some of what my friend has to say inspiring.
Managing employees is a challenge, especially as businesses grow. It’s important to maintain good communication, productivity, and collaboration within the team. Thankfully, there are simple solutions that can help small business owners manage their employees with greater efficiency and success.
We have been talking about the purpose of business being creating customers who create customers. Here we show the math and the proof. What will it mean to your bottom line? What investment can you make that beats the return on providing an exceptional customer experience.
The exceptional experience gives you the growing and predictable revenue that makes scaling your business easier and better positions you to sell at your price and terms one day.
In part 2 are the answers to some common objections to investing in the Customer Experience.
I stress customer experience because it directly leads to driving up your Customer Lifetime Value, your profits, and the enjoyment of owning your business.
Continuing with the Purpose of Business is to create customers who create customers.
An important aspect of that is investing your time, focus, and yes money to provide a superior customer experience.
For many business owners, they see customer service as an expense to be limited.. not as an investment like advertising or sales.
Some of the common objections are in this post… the answers in the next one ..
The purpose of business is to create customers who create customers.
To do so, you have to provide a superior experience. Are your customers making more customers for you?
“Because the purpose of business is to create a customer, the business enterprise has two–and only two–basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are costs. Marketing is the distinguishing, unique function of the business.”
– Peter Drucker
Taking Peter’s quote I found an expansion of that in one of Dan Kennedy’s BS books. It’s the theme of this short story and my following 3-4 posts.
“The Purpose of Business is to Create Customers Who Create Customers.”
Growing a business doesn’t always require more hours or resources; sometimes it just requires smarter strategies like automation, outsourcing, and delegation.
Automating to help make things more efficient at work. Outsourcing to free up your time to invest in more important activities, and delegating to utilise your staff better and take the stress off your back.
Ever feel like you are a trapped in the trenches of a price war.
You don’t have to be.
Ron Holt shows the power of standing out, scaling up and ultimately selling at a premium.
By standing out he could charge what he wanted. That funded his growth which then made him attractive for a high premium offer.
Trolls beware! Don’t mess with my wife’s 20 years of experience as a teacher and senior leader in the British Curriculum.
When it comes to phonics, she has literally transformed hundreds of children from struggling readers to confident ones.
A reminder that when you’re choosing mentors or resources for your business, don’t be fooled by ideologues who preach without getting results.
Go for the real thing – those who take the time to get to know your unique situation and help you reach your goals
Working hard is great, but don’t forget to rest and rejuvenate too! Maintaining a good work/life balance can be a key to success.
Taking regular breaks to relax and unwind can help you mentally, physically and you’re your creativity – all of which are essential for growing your business.
So take some time off, let your mind and body recover – you’ll be glad you did.
People do business with those whom they like and trust. Do the following to help people feel comfortable trusting you and doing business with you.
When they trust you and you exceed their expectations, you gain repeat customers. The ones who will keep buying from you, referring you, and funding you to help your business grow.
The Sermon on the Mount is one of the most famous and influential speeches in history. And if you look at it from a “business perspective”, it’s a masterpiece in showing the power of communicating benefit and transformation. In short, how to stand out from your competition and communicate it effectively.
Every try to assemble something when the instructions are pure ****. Best is EU purchases where the only instructions are in 15 different languages and they are warranty cards.
If instructions are included, often it’s written by engineers for other engineers and as useful as just telling us to ask the Cat how to put it together.
But here’s the thing.. purchases that do not get consumed get returned. So why deal with refunds because instructions are not clear. Start there and see what happens…
Knowing your audience can be a force for good or evil.
For good so you can provide the solution that can change people’s lives into their hands.
For evil, like poor Mr Ed….
Regardless, knowing your audience makes it possible to scale your business because they are more likely to listen and buy from you.. that is if you know how and when to speak to them…
Five principles of direct marketing can help lift your business out of a rut by helping stand out and stand up and scale to the next level.
Sometimes Schools can give us the best lessons on how to grow a business outside their classroom. Just look at how they are run…
Being successful in business is about understanding the core desires that drive your customers and providing solutions to fulfill them. We can learn a lot from two very different restaurants – one aimed at impressing clients for business deals, and another for throwing a 3 year old’s birthday – on how to create the right atmosphere, understand customer desires and price accordingly.
By doing this, you can outsmart your competitors and attract the customers you want and charge the prices you want. At the end of the day, it’s not about prices – it’s also about understanding and fulfilling customer desires.
There’s one mistake business owners make that sabotages their ability to sell—a mistake that can cost them millions.
It’s 100% within their control, yet most don’t even realize they’re making it.
And somehow, a dead parrot explains exactly why.
Sounds ridiculous? Maybe. But if you plan to sell your business one day, you’ll want to hear this story first.
A struggling new business couldn’t attract customers, even with rock-bottom prices.
Then they did something that felt completely counterintuitive—something that most business owners are too afraid to try.
The result?
They went from desperate for clients to having more demand than they could handle, landing big-name customers and opening doors to new markets and collaborations.
What changed?
It wasn’t luck. It was a simple shift that transformed everything.
Most business owners can’t step away for a week without everything falling apart.
So why was one entrepreneur able to drop everything, fly across the world, and stay an extra few days—without a single crisis call?
It wasn’t luck. It wasn’t a silver spoon.
It was a business built to work for him—not the other way around.
Want the same freedom?
What’s the most dangerous number in business?
It’s not your revenue. Not your profit margin. Not your customer count.
But almost every business owner relies on it—without realizing the massive risk it creates.
It’s the number that can sink your company overnight, turn a thriving business into a desperate one, and leave you scrambling for survival.
Most people don’t see the danger… until it’s too late.
What can death teach us about a superior customer experience.. alot.. if handled with the professionalism I witnessed when I buried my own father..
What will your family remember about you?
The sacrifices? The long hours? The endless emails on vacation?
Or simply the fact that you were never really there?
Too many business owners spend their lives building a future, only to become a ghost in their own story—reduced to a 2D label of “always working” while their real life passes by.
It doesn’t have to be that way.
What if someone handed you $50 million to step away from your business… only for you to buy it back for $5 million just 18 months later?
Sounds crazy, right?
Yet, that’s exactly what happened to one business owner—thanks to a team of Blue Chip consultants who thought profit was more important than common sense.
What went wrong? And how do you avoid the same fate?
What’s the biggest fear that silently kills businesses?
It’s not losing customers. It’s not bad marketing. It’s something far more subtle—yet it leads to the biggest mistakes and leaves the most money on the table.
Most business owners don’t even realize they’re trapped by it. I saw it firsthand when people thought I was insane for one simple decision I made.
Turns out, they were wrong.