so why is it that so many fail, some achieve some measure of success and very few achieve great success?
Business Success Formula
Drive your business with focus and clarity of purpose
"You can't overestimate the need to plan and prepare. In most of the mistakes I've made, there has been this common theme of inadequate planning beforehand. You really can't over-prepare in business!"
Chris Corrigan
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Thankfully there is widespread recognition now that generic business plans are of little benefit and potentially of great harm to any business even if they are industry specific.
An effective plan is all about the planning process and little about the size or type of document into which it is recorded.
We not only help you establish an effective plan but then partner you to do the hard work of successfully executing the plan.
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Revenue - without it the rest does not matter
Winston Churchill is credited with the quotation that "...success is never final; failure never fatal..."
How apt a sentiment when as a business owner you tackle the challenge of preserving and building your business revenue stream; the non- disputed lifeblood of any business. read more »
Charles Revson founder of the cosmetic giant Revlon in the 1960’s put the challenge as thus "...I know 50% of my marketing spend is a waste, what I don’t know is which 50%..." Seemingly little has changed over the decades since.
Of all the management disciplines marketing and sales is arguably the most difficult to master.
Indeed even those who have become business icons are drawn to conclude the elusive nature of mastering this discipline. Bill Gates was drawn to comment in this regard that "...only a few businesses will succeed by having the lowest price, so most will need a strategy that includes customer service..." and this landscape is constantly changing.
Whilst you may never master the discipline your business viability and success is reliant upon your ability to both establish and grow your revenue stream.
Furthermore, for the SME business this challenge has to be met within the very practical limits of what is affordable; both time and money.
We understand both the challenge and the limitation of resources available to SME’s. We have worked with many business owners with these same limitations and in some instances experienced campaigners though nonetheless identify many improvements to both their marketing and sales efforts.
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Make more right decisions
All business owners are continuously making decisions however there are some of such importance that they shape the future of their business; good or bad. read more »
Typically in large enterprises such major decisions are for the Board of management to assess and decide.
The SME owner however has no such point of referral.
Often in such situations the SME owner will attempt to seek out some credible party to act as a sounding board viz a viz solicitor, banker or taxation advisor.
Reliance on such parties however is often flawed as it is not common for these parties to have relevant business experience and qualification, who fully understands your personal objectives and your business vision.
As our testimonials corroborate we do this often and well and indeed is intrinsic to what we do.
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Complement your problem solving capacity
"I would rather be surrounded by smart people than have a huge budget. Smart people will get you there faster." as quoted in The McKinsey Way by Ethan Rasiel. read more »
We do not preach we mentor, nor do we offer ‘prescription’ nor template style support.
Rightfully, you, as the business owner, directly influence the what, where and how of your business. It is your risk, your money, your Vision and your perspiration that ultimately will determine the success of your business.
When seeking to resolve the inevitable business challenges confronting you we add to your problem solving capability the dimension of a different set of qualifications and experience to your own.
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Clarify Key Performance Indicators and assist analysis
What meaningfully can be achieved from business planning irrespective of the integrity of the planning process if there is no appropriate following process of measurement, analysis and problem solving? read more »
Determining your business Key Performance Indicators is a fundamental business management tool.
The trick to realising the benefits of this process is deciding on which Key Performance Indicators truly define our performance as it correlates to sustained business success.
As reported from a survey of the FTSE top 500 CEO’s "...the simple process of agreeing the 8-9 Key Performance Indicatorss to report requires that everyone sits down and agrees that those Key Performance Indicatorss are actually the most important. This leads to very constructive dialogue, a challenging of assumptions and a reshaping of perspective..."
From afar we have observed the extremes of the “seat of the pants management style” to the “measure everything style” and many variations in between.
On the one extreme are those business owners oblivious to ´where we are now´ and ´where we are going´ and the other who suffer from business paralysis as a consequence of excessive micro management.
We have worked with many business owners who had these same limitations though nonetheless identified many improvements to their marketing and sales and as a consequence their Revenue.
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Enquire today to find out how Shalom can help your business »