Monday, April 30, 2007

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.

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