Have you ever felt like you are working harder than ever but never getting further ahead?
FORSYTHS has the answers for you and it is a simple case of you needing to acquire new skills as your business grows.
FORSYTHS can provide the training and support for your business.
Virtually every new business is started by an individual who has expertise in a particular area e.g. accounting, plumbing, building etc.
Unfortunately most such individuals start by wanting to work for themselves but end up creating a job for themselves and not really a business.
The reason for this is that these technical experts must transition from merely creating a job for themselves to creating a genuine business enterprise.
A genuine business is an enterprise that operates independently of its owner and so will produce the same results whether the owner is present or not.
As you read this article you should decide where you would like your business to be situated.
It leads to the old saying, “the business becomes a business when the owner can stop working in the business and start working ON it”.
If you want to develop the business past merely providing a job (how many hours do you put into the business to produce that wage?) you will need new skills that are not taught when you are a plumber, electrician etc. You can’t learn these skills from a one off outrageously expensive workshop.
You need to be taught the skills necessary for developing and controlling a business. Things like budgeting, creating business plans and the like.
Many technical experts rubbish the value of these tools, however they work hard for a wage and companies like BHP, ANZ, LEIGHTONS, and WOOLWORTHS believe in the value of those tools.
How many hours are spent by the CEOs of those companies in digging dirt, selling baked beans or knocking on doors selling insurance policies?
There are six main things that a business needs to focus on to be successful and grow.
1. Increase the number of customers of the type that you want.
2. Decrease the number of customers that go to the opposition.
3. Increase the number of times that each customer will buy from you.
4. Increase the average value of each transaction.
5. Ensure your product provides fair value for money (the opposite to price cuts or discounting).
6. Increase the effectiveness of each process in the business.
Each of these items has a number of strategies to implement them and ultimately you, the business owner, will decide the simplest to implement.
However you need to be taught what those strategies are and the best way to do that is to make an appointment with a FORSYTHS business specialist to discuss where you would like your business to be in one, five or ten years.
The FORSYTHS team will then look at a range of strategies available and develop a plan to get you to achieve those goals.
FORSYTHS can then work with you to implement the strategies and teach you how to make the best use of your new business skills.