The Five-Step Profit Formula To Grow Any Business!
Growing your business is a process and just like any other process, there is a specific formula that governs its success. The formula you need to follow to grow your business is the ‘five-step profit formula’. By adopting the five-step process to all areas of your business you’ll be able to grow and scale your business in a systematic guaranteed way. Business growth is no longer left to chance, it’s predictable and bankable.
Here’s what we’re going to cover in this session:-
(Each video is approximately 23 minutes long).
Video One.
- We define the 5 steps of the 5-step profit formula.
- We look at lead generation, the definition of and examples of lead generation, and why it’s an integral component of the 5-step profit formula.
- We look at lead conversion, the definition of and examples of lead conversion, and why it’s an integral component of the 5-step profit formula.
Video Two.
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- We look at why the number of transactions is important and what you should be doing to increase your number of transactions.
- We look at the average sale price, why it’s essential, and how to increase it.
- We examine your margins, why they’re important, and how to increase them.
Watch the videos here (each video is approximately 23 minutes long).
This simple spreadsheet will allow you to model the changes that you make and the impact that they will have on your bottom line.
Note. To use the spreadsheet. Once open go to “File” “Make a copy”. Then you will be able to edit the copy to your hearts content.
Business Book Summary (Good To Great).
The book we’ve selected to go along with this Session is:- Jim Collins ‘Good to Great’ Why some companies make the leap and others don’t. Buy Here on Amazon
Click the Image to read the book summary.