Navigation: | Home | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 |
Entrepreneurialism Information Click here for eBay Motors! Get 2 weeks FREE CA Anti-Virus 2007 Accept Credit Cards Get your FREE $250 Cash Card PhotoStamps

This Domain For Sale. Contact us for more information.


Top Ten Ways to Increase Your Profitability


1) Go back to basics.
Take a couple of steps back and address the fundamental facts or principles of your business. Going back to basics can mean cleaning the slate and focusing on basic elements that create success.

2) Come from a place of Integrity.
As the saying goes " Honesty is the best policy." Base all your decisions and actions on integrity. What do you know to be true?

3) Look for Profit holes.
These are expenses or areas where money is often spent unnecessarily. Don't ignore the intangible profit holes. Examples may include : Unproductive staff, wrong media, wrong message, wrong agency. Others includepaying late or missing discount deadlines.

4) Constructive Communication.
Miscommunication cause's misunderstandings. Encourage your team to communicate clearly with each other and with clients. Ensure that all communication is constructive and supportive.

5) Apply the Pareto Principle.
The value of the Pareto Principle for a manager is that it reminds you to focus on the 20 percent that matters. Of the things you do during your day, only 20 percent really matter. Those 20 percent produce 80 percent of your results. Identify and focus on those things. When the fire fighting of the day begins to sap your time, remind yourself of the 20 percent you need to focus on. If something in the schedule has to slip, if something isn't going to get done, make sure it's not part of that 20 percent that counts. 80 percent of your clerical time is wasted of activities that produce 20% on your income. 80 percent of your sales comes from 20% of your existing client base.

6.) Focus on what is working and capitalise on that.
Where is there a natural flow in your business? What works well for you? These are your strengths and if you keep doing what comes naturally, you will have success. Take the path of least resistance, Don't reinvent the wheel - less can be more.

7.) Think outside the box Think differently!
If what you're doing now isn't working, change direction -explore. Look at alternatives and keep asking " What opportunities have we available to us right now?" If you do something different you will resolve the problem quicker. If you keep doing what you have always done, you will keep getting the same results.

8.) Create some short term wins.
Identify areas within your current environment that need to be focused on to achieve your desired end result. Create three short term wins to be achieved in a specific time frame. What three short term wins can I put in place for the immediate future ? How do you feel when you win ?

9.) Look for your "Acres of Diamonds".
There is a story about a farmer who lived in Africa and through meeting a visitor became tremendously excited about looking for diamonds. He was so excited about the idea of millions of dollars worth of diamonds that he sold his farm to head out to the diamond line. He wandered all over the continent, constantly searching for diamonds and wealth which he never found. Eventually he went completely broke and threw himself into a river and drowned. Meanwhile, the new owner of his farm picked up an unusual looking rock about the size of an egg and put it on his mantle piece in his lounge. A visitor stopped by and in viewing the rock practically went into terminal convulsions. He told the new owner of the farm that the funny looking rock on his mantle piece was just about the biggest diamond that had ever been found. The new owner of the farm said, "Heck, the whole farm is covered with them" - and sure enough it was. The farm turned out to be the Kimberly Diamond Mine, the richest the world has ever known. The original owner of the farm was literally standing on "Acres of Diamonds" and he never knew.

10.) Accelerate your growth.
Hire a coach to help you facilitate this change. If you keep doing what you have always done , you will keep getting the same results. A coach acts as an independent catalyst for change and is an asset to any organisation looking to accelerate their growth.

I work successfully with clients who want more out of life and business. My ideal client wants more time, freedom, energy and focus, to name but a few. Working as an independent catalyst for change, I give clients direction, showing them how to work smarter and how have more fun in the process. Clients who work with me gain clarity on life and in their business, they are refreshed thus creating the momentum to bridge the gap between where they are and where they want to be.

Contact:

Melanie Donnelly Full Circle Coaching email: life@myfullcircle.co.uk web: http://www.myfullcircle.co.uk

028 90 761 966


MORE RESOURCES:
Business:Entrepreneurialism Articles from EzineArticles.com
12/24/2021 04:03 PM
How to Maintain Business Momentum
Not all goals are equal. The secret lies in setting a goal that will motivate versus one which will defeat you.
12/21/2021 09:19 AM
How Do Business Owners Stay Focused?
Many entrepreneurs think their biggest problem is finding funding. But what those entrepreneurs forget is the demon of distraction.
12/20/2021 06:01 AM
How Do You Embrace a Growth Mindset?
People with a growth mindset believe they can grow. And if you want to succeed as an entrepreneur, a growth mindset is what you need.
12/20/2021 06:00 AM
Affiliate Marketing Secrets - What I Wish I Knew Before!
The so called affiliate marketing secrets are really just things that some affiliates know and others don't. I wasted years as an affiliate making many mistakes which I could have avoided if I had have know better! Here I share some of the "secrets" I wish I had known about before I started on the affiliate journey!
12/20/2021 06:00 AM
Autopilot Money Making System - How To Create One
Is it really possible to create an autopilot money making system which runs completely hands free? Since the early 2000's I became fascinated with the idea of generating an income completely hands free from the internet. After purchasing an eBook, I realised that automated downloadable products could allow a "hands off" income source, and be created from anywhere.
12/16/2021 09:17 AM
How Do You Evaluate the Future of Your Business?
Revisiting a business plan at the right time and adjusting the strategy can save or destroy a business. Here are 5 ways to evaluate your business and your future.
12/16/2021 09:17 AM
Affiliate Marketing Mentor - Why You Need One
An affiliate marketing mentor can help you better understand the steps needed to build a successful affiliate business and earn an income online. A mentor can also help you overcome your own limiting thinking when it comes to building an income online.
12/14/2021 10:10 AM
4 Signs That You're Losing Interest in Your Business
Only time will tell if you're really losing passion for your business. But these questions will help you know, make changes and take your business to the next level.
12/13/2021 08:47 AM
Are You Losing Interest in Your Business?
It's a fact that many people lose the passion for their work. As an entrepreneur, if you don't love what you do, pouring your heart into your business will be difficult.
12/08/2021 09:40 AM
How Do You Get Your Business Out Of a Rut?
Entrepreneurship is not for the weak! The emotional rollercoaster is full of highs and lows. And managing and motivating your team needs a consistent positive demeanor. As a result, having ways to get yourself from these lows is crucial.
12/01/2021 08:33 AM
Why Is Momentum So Important in Business?
If you lose momentum, evaluate what choices made this happen. Doing research will help you undercover the missteps that could be avoided in the future.
11/24/2021 08:59 AM
How to Stay Motivated and Excited About Your Business
As a business owner, you're building your dream. You're putting your mark in a world full of conformity. And it'll take a lot of consistent and constant motivation to move past the hard times. Use these six tips to tap into your inner power and use that motivation to build your entrepreneurial momentum.
11/18/2021 10:55 AM
How to Ignore the Haters and the Naysayers
Whenever you get distracted by naysayers, it's because you've lost focus. All you need to do is remember your goals. Remember who you are and what you want to achieve. Think about your goals and ask yourself if it's worth putting your goals on hold because of what naysayers say. Don't deny yourself the life you should live because of haters and naysayers.
11/16/2021 11:17 AM
Are Your Habits In Line With Your Business Priorities?
We all have regular practices which give us structure. These practices help us remain mentally and physically healthy, and they enable us to approach life consciously. These habits are important every time, and they're crucial in our busiest and most chaotic times.
11/15/2021 01:49 PM
Don't Focus on Being the Best, Focus on Being Unique
In a world where competition is the constant factor, it's hard to differentiate and build your own identity. It's difficult, but it is possible to be unique!
11/12/2021 10:14 AM
How to Launch Your Coaching Business
As you prepare to launch your coaching business, remember it's possible to build a successful coaching business. But you have to believe in yourself and in your idea before it becomes a reality.
11/08/2021 05:43 PM
7 Steps to Find and Retain Quality Staff
Finding and retaining quality staff whether you're hiring employees or contractors, can be a difficult task for many entrepreneurs. There are a myriad of reasons this is true. It takes a focused, strategic approach to hiring and growing your team that will help propel you and your business forward. Apply these 7 steps to find and retain quality staff.
11/08/2021 05:42 PM
How to Know If an Opportunity Is Right for Your Business
To become a successful entrepreneur, you need to know how to detect unique and good opportunities. Also you need to test and execute them more efficiently than your competitors.
10/28/2021 10:26 AM
Why Your Mindset and Beliefs Impact Your Business Success
What do the world's most successful entrepreneurs have in common apart from successful businesses? The answer is, the right mindsets. Mindset together with consistent action is the key to achieving and maintaining momentum.
10/26/2021 02:36 PM
How to Clear the Way for New and Better Business Habits
The success of your business depends on you. That means increasing your output, improving your performance, and focusing more on important things.
10/19/2021 07:20 PM
Choosing The Right Courier Company For Your Small Business
If you need to send a parcel for you or your business, then choosing your courier is very important. If your business is online, then the courier service you use to send goods may be the only human interaction your customers have with your company. Therefore, it is very important to choose smartly who will represent your company when delivering your parcels.
10/19/2021 06:20 PM
Bust These Myths About Co-Working Spaces and Start Being Productive
The more you learn about the advantages of co-working spaces, the more it sounds too good to be true. When something has been hyped up over and over again, you start to wonder what could be wrong with it. Flexible workspaces have their share of naysayers and their opinions may give you pause in patronising such establishments. However, let us help you alleviate your fears as we debunk popular myths regarding co-working spaces.
10/19/2021 06:19 PM
An Entrepreneurs Untold Story of Work in Progress
A story of how an Entrepreneur worked his way to a multi million dollar company overnight until it became to big for him to handle leading to a failed success. He has now gotten back up and is about to use this experience to create something even bigger by not making the same mistakes.
10/19/2021 05:53 PM
Article Marketing: The Marketing of the Future
As society evolves, we develop and think of new products. And as new products come to the market, we need to think of better ways to sell them.
10/15/2021 10:26 AM
4 Business Strategies You Probably Haven't Thought About
Every business should find a strategy that helps it to achieve a competitive advantage in the marketplace. This strategy should be based on the strengths and weaknesses of the firm's products/services and the position it wants to have regarding its customers.
10/13/2021 11:39 AM
4 Ways To Build Momentum In Your Business
Momentum doesn't happen by chance, and nor is it willed into existence. To achieve momentum, you need to understand its source, and then relentlessly fuel it.
10/06/2021 01:43 PM
How to Be Better at Hustling and Entrepreneurship
Success doesn't come to those who wait - it comes to those who go out and get want they want. You don't want to the person who waits for things and gets what's left by those who hustle - be a hustler yourself!
10/04/2021 09:25 AM
How Does a Business Become Scalable?
Some businesses are scalable, meaning they can grow income exponentially. Others are not open to growth, but they generate a reliable income which is not lucrative.
08/31/2021 02:45 PM
Nine Books Every Successful Entrepreneurs Has on Their Shelf
Take advantage of the best the entrepreneurial community has to offer. Whether you read each book cover to cover or just use them for reference they represent ideas and techniques that will see you through the dark days every entrepreneurs face at some point.
08/16/2021 10:16 AM
Ready to Grow? Top Positions You Need to Fill to Expand Your Business
Do you wish to reach a point where your business is ready to scale and move to the next level? Hiring crucial people will help you move quickly, while proving excellent products and great customer service.
08/04/2021 03:16 PM
6 Reasons To Start A Business During This Pandemic
This is the best time to start your dream business. This article will provide tips for you to use immediately.
08/02/2021 06:06 PM
Go Read a New Business Book a Week
Reading is essential. Go and read a business book to enrich your business.
07/23/2021 11:26 AM
How to Be an Entrepreneur With a Full Time Job
It may seem difficult seeing how you can create a successful business for yourself. In addition, having a success formula takes time.
07/15/2021 05:54 PM
What Is an Entrepreneur and What Is Entrepreneurialism
What is an entrepreneur and what is entrepreneurialism. What makes them what they are?
07/12/2021 10:52 AM
Personal Branding Strategies for Women in Business
Personal branding for women is critical for business success to build your brand. When you align your personal brand with your business brand, you're much more likely to not only connect with the right people but also turn them into raving fans. Build your business with these personal branding tips.
07/12/2021 10:51 AM
How to Increase the Value of Your Business
There are many ways to boost your sales and grow your business, no matter your budget size. However, increasing the value of your business on a tight budget can be daunting.
07/09/2021 11:08 AM
Innovative Business Shares Tips
Innovative businesses are showing the road map to success: have a real connection to their customers, be proactive for the environment, show support for local social causes and events, and concentrate on providing a great service/product while building a strong networking system. It is the only way to survive in this "new normal".
07/01/2021 11:19 AM
What to Do in a Creative Dry Spell
While most creatives can't get away with allowing a dry spell to keep going on indefinitely, you can get out of the dry spell simply by trying these ideas. Often, just stopping the internal pressure you have on yourself can unleash your creativity again.
06/29/2021 05:38 PM
Top 3 Ways You Can Generate Ideas for a New Business
1. Start a Business that evolves around your innate ability. Innate abilities help you do things with ease. Often times I hear people say, "what do you have flair for?" Innate abilities help you do things better, quickly and 'naturally' than others. It helps you do things effortlessly!
06/28/2021 07:29 PM
How to Train Your Brain for Maximum Creativity
Training your brain to be more creative, to be creative on demand, and to be creative in more than one way is within your power and control. When you find something that works for you to unleash your creativity, use it.
06/01/2021 08:49 AM
How to Create an Innovative Mindset
In general terms, a traditional business mindset is always looking to improve the quality of products, services and processes. On the other end of the spectrum, an innovative mindset issues mandates for new and better ways to do business.
05/27/2021 01:14 PM
How Can Growth Mindset Lead to Success?
How do people create and grow a mindset strategy? Here are some practical tips that will show you exactly how to get started.
05/07/2021 09:30 AM
Why Becoming an Author Boosts Credibility
When you author a book that is well received by your audience, it's really an automatic boost to your credibility. The book gets press, which means you get press, and the snowball effect happens.
05/04/2021 10:31 AM
Online Working Capital - Fast But Expensive
Small business owners often need working capital to cover expense incurred to make or create their product or service before payment comes in. Banks are loath to lend to small business owners especially the small amounts that the business owners usually need. Many online working capital lenders have been created to serve this underserved market.
04/26/2021 08:41 AM
When Impatience Can Lead to Business Success... Or Failure
As an entrepreneur, have you ever asked yourself "Why am I not reaching the level of success I was promised?". It could be because a lot of entrepreneurs fall victim to impatience to succeed.
04/20/2021 11:35 AM
What Is the Best Online Business You Can Start?
Starting an online business is a great way to create a lifestyle that you enjoy living. But, you must be realistic as you develop your business.
04/11/2021 02:42 PM
Looking to Build Your Network? Please Avoid This 1 Mistake
Networking isn't just about meeting new individuals. It's also about you maintain connections. Ignoring the current connections of your professional network because you're excessively focused on development is a big blunder. Don't just consider about meeting and getting to know new professional contacts. Don't fail to remember to keep up with the people you by now know.
04/11/2021 02:39 PM
How to Face Your Fears and Get More Business Leads
What fear do you have lurking inside of you, preventing you from enjoying life, or creating a successful business for that matter? When it comes to our business, fear can definitely stop us in our tracks, preventing us from moving forward and achieving our goals.
04/06/2021 11:39 AM
A Realistic View of Being Self-Employed
If you are thinking about becoming an entrepreneur, you'll want to know all about your field, your products and your customers... but you'll NEED to know about running a business. It is important for business owners to realize all the hidden areas that eat up a surprising amount of time and energy behind the scenes in running a business.
04/06/2021 11:33 AM
Business in a Slump? 13 Ways to Get Your Motivation Back
Truth be told, it's a fact of life for every entrepreneur and business owner... we are going to get into a rut every once in a while. We're human after all! The good news is that this slump can be very temporary... if you choose it to be. Here is a list of things you can explore the next time you feel this lack of motivation sweep over you.


home | site map | contact us