Archive for the ‘Business Planning’ Category

How are you getting on with your Business Plans this year?

What goals have you set that really inspire you?

What elevator statement have you crafted that will get your target market motivated to buy from you?

What are you plans for running your business in a more streamlined way?

What strategy have you got for meeting your profit/turnover goals?

While coaching The Accountability Club business owners we’ve found the exercise below really useful in helping our clients and ourselves to make our turnover and profit targets more achievable and real.

Let me give you an example:

If Tim and I wanted to turnover £60k this year through our group business coaching programme, The Accountability Club, we could do it like this:

4 x Accountability Club  groups choosing option 1 (with 10 people on each one) =                        £24k

From that 40, 5 Accountability Club business owners choosing option 2 =                                     £5k

5 Accountability Club business owners choosing option 3 =                                                         £15k

4 x 4 training days/bootcamps on some hot topics (20 people on each one)                                  £16K

That would bring us to £60k

What would your business growth strategy look like?

Once you have your business growth draft strategy, here are some questions to ask yourself:

• What products and services give you the highest profit/satisfaction to deliver?
• What target markets will give you the best return on your time?
• What scope is there for continuity income (Starting at zero turnover every month can be a struggle if you’ve got to go and win the business all the time. It’s a good idea to plan for a proportion of your income to be coming in regularly e.g. through membership fees, subscriptions (e.g.to your wildly informative platinum content newsletter), retainer fees, maintenance contracts, royalties for something you’ve created etc
• What other elements in my business need to change to deliver this?

Let us know how you get on.

If you would like to know more about how The Accountability Club group coaching programme can help you create a more profitable business that’s fun to run, please contact us.

Tim Gale 07808 631 167 or Madeleine Morgan madeleine@growu.co.uk