The "Top-10-Secrets" of small business....instalment 3

The - absolute - undeniable - must have - rockbottom - can’t do without - believe it or not - Top 10 (and beyond) - Secrets of Sustainable Small Business Growth, in good times or bad


Thank you for tuning into this third installment of "The Secrets" and you will be very pleased to know that the list of secrets has now grown to 27, so there will be at least one more instalment after this one.

You might remember that Installment 1 was largely about the deeper purpose of your business and how that connects with your passion. Installment 2 was about marketing, customer relations and your staff. And todays instalment is mostly about money, and keeping your finger on the pulse....the responsibilities of the “Business Owner”.

Installment 1 and 2 can be re-read on my website article archive: click here or on the blog archive here or I can email it to you again. Just click here: roland@newperspectives.com.au

Let me remind you of my pleases......
1)... PLEASE!: Take a few minutes and let "The Secrets" sink in. If you are not sure about any of them, drop me a line or call me or argue with me or shout me a coffee or abuse me or pick my brain, but whatever you do, don't just glance over them and put them aside!
2)... PLEASE!: Do something with each and every one of "The Secrets". This is important stuff... believe me, I know what I am talking about here.

As I foreshadowed in the first instalment, I have "Twittered" about "The Secrets" already... so they must be true and real.

Here they are: (numbers should start at 15, but I can't get that work properly):

1. Put your finger on the pulse of the money in your business... and keep it there daily, weekly monthly … know where you make money and where you don’t
2. Of course you need to look at last week’s/ month’s/ years numbers in your regular reports, but what do you know about next week/month/year...?
3. Decide what the “Key Indicators of the Health of your business” are, the really critical ones, the ones that you, as the business owner, can’t live without... at all levels, and make sure you get them every week, focus on them and action them... rigorously
4. Collect, collect, collect... Being a bank for your customers is best left to the banks, they do it so much better than you.
5. Know what your financial needs are, implement a meaningful form of cashflow forecasting
6. Stop doing what makes you no money… do more of what is profitable
7. Deal with what matters now, today… If you can sell it today and deliver it today… do so… If you have it in stock today… you can sell it today…and sell something else tomorrow

Those were "The Secrets" 15 to 21.... in another couple of weeks I will reveal some more.... from Secret 22 we get back into the stuff of “working ON the business” not that I want to belabor a point of course

In the mean time: PLEASE... do something with "The Secrets"... and I say again, if you want to talk to me about them, I'd love to hear.... I am sure we can have some great discussions about this stuff and I am happy to explain to you in more depth what the meaning of "The Secrets" is... but whatever you do: Don't just put it aside for another time... Do Something Different... Do Something NOW...

Hope to hear from you soon.

My contacts:
Roland Hanekroot
New Perspectives Business Coaching
"Become a Better Business Owner"
www.newperspectives.com.au
roland@newperspectives.com.au
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