Bigger and Better Results in Relatively Simple Ways

This Week with Sara Fitts focuses today's post on how to get bigger and better business results in relatively simple ways. This is definitely a short list, but I think it can have powerful results when implemented well.

• Hire and fire the right people.
• Improve cash flow by configuring commission scales that reflect compensation for payments received in the business. An example of this would be offering 105% of the commission for payments that are received in 5 days, 100% of the commission for payments that are received in 10 days, 85% of the commission for payments received in 30 days, 60% of the commission for payments received in 60 days, etc.
• Invest 1% - 2% of your revenue into your business.
• Hire a business coach.
• Implement your marketing plan.
• Track your results - and review your results. Set goals based on previous results in order to get better results.
• Stay motivated and focused.

The Butterfly Effect - for Your Business

This Week with Sara Fitts looks at how the butterfly effect can affect your business. Without going into the physics and scientfic explanation of what the butterfly effect is, I'm going to use its principles as they apply to your business. In a nutshell, the butterfly effect is this: a very small thing can have have huge effects on the universe. Here's how the butterfly effect can be change agent in your business.

Most of the time a very small thing can create huge results in your business - regardless of what business you're in. Take an inventory and look at each piece and part of your business. Then ask yourself these questions:

• How can I impact my business by 1%? How can I impact my business by 5% or more?
• What would happen if I worked 1 hour more or 1 hour less? [Sometimes by taking off an hour, you are recharged and renewed so much that the impact actually brings in business.]
• What would it mean if I had more time?
• What would it mean if I had better cash flow?
• What would it mean if had more breathing room?

I work with business owners, self-employed professionals, and entrepreneurs to help them create huge results in small ways. It really is a butterfly effect for business when you think about it. I got the idea of comparing my Simple Little Formula to the butterfly effect from The Rev. Stuart Schadt, rector of Trinity Episcopal Church, during his sermon last Sunday. Little things can have huge impact - in our lives and in our businesses.

There are numerous ways that each of us can get bigger and better results in relatively simple ways. Stay tuned for more.