The Business Life Podcast #015 - Simplifying business and increasing profitability

The Business Life Podcast #015 - Simplifying business and increasing profitability.Business shouldn’t be a daily grind and headache where you’re struggling to be profitable.

If it is, it may be time to look at simplifying your business. What are you doing well that’s really working and is worth your time? What things seem to take too long and don’t give you a great return on your investment?

The strong, successful businesses that I work with have learned to simplify their business and focus on what makes them successful. Not only does this reduce their stress, it leads to more profitability!

In this episode, I’ll walk you through ways to evaluate what’s making your business successful and maybe some things you should cut out. We’ll also discuss how to focus your effort and energy on the right things, become more efficient and increase your profitability.  LISTEN IN!

Key takeaways from this episode:

  • What indicators to look at when you’re trying to simplify your business.
  • How to cut out areas of your business that cause a lot of stress and make room for areas that offer more opportunity and higher profitability.
  • How to increase efficiency in sectors of your business that slow you down or take up a lot of your resources.

Get some help simplifying your business and becoming more profitable:

One-on-One Coaching.  The fastest way to start making changes and simplifying your business is by enlisting an outsider’s perspective. I’ve been able to help business owners and sales professionals identify ways to focus on what makes them successful and drives their business forward. Sometimes, all it takes to turn your good business into a GREAT business is a plan and a little help.

Join other like-minded, proactive business professionals!

  • Get in on the conversation: Follow along with me on Facebook, Instagram and LinkedIn as we have great business discussions!
  • Join my email community of business professionals: My email Community is a prosperous group of business professionals that engage, share and aspire to continuously improve their business and life.
  • Subscribe to The Business Life podcast on iTunes [⭐⭐⭐⭐⭐ I would love a review as well]!
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Solve multiple problems in your business with one solution

Six steps to building a better business; it’s the process I use to accomplish my mission of helping business owners and sales professionals develop a business they can be proud. If you’re not familiar with the six-step process, here’s the abridged version:

  • STEP #1 – Breaking Things Down
  • STEP #2 – Setting Goals
  • STEP #3 – Getting Organized
  • STEP #4 – Time Management
  • STEP #5 – Sales & Customer Experience
  • STEP #6 – Continuous Improvement

So many businesses and business professionals get stuck because they don’t know what to begin changing or where to focus their efforts; they only know that they want better results. That’s what makes this process so effective; it’s easy to follow. We start with STEP #1, and complete each step before moving on to the next.

“Begin with the end in mind.” – Stephen Covey, 7 Habits of Highly Effective People

The true goal of STEP #1 is to clear the confusion and take an objective look at your business.

How can you start getting better results in your business?

By understanding what’s causing you to get the negative results. When I help people break things down in their business, we make a list of results or changes they want to see come about.  We’ll divide a sheet of paper into two columns, and list those changes in the left column. In the right column, I’ll list the six steps to building a better business. Then, we draw lines between the changes they desire, and the step that will help bring about those changes.

Let me give you an example:

Jim tells me “he is constantly overwhelmed and can’t manage to get anything accomplished on a daily basis. He doesn’t even know where to begin most days.

Jim wants to work on making progress in his business, not just taking care of problems all day long. If Jim can get more organized (STEP #3) and learn to budget his time better (STEP #4), Jim will be able to be proactive in his business, instead of reactive.

After mapping out each one of your desired results or changes and matching them to the steps, you’ll quickly see that many of your problems are related. Improve one aspect of your business and it can solve several of your problems at one time!

For example, in STEP #3 – Getting Organized, I might work with business owners on developing processes and habits for managing their team. If the owner starts to take interest in each team member’s success, shares the company’s mission repeatedly with the team and ensures that the entire team understands the goals, it can lead to:

  • happier, motivated team members
  • more sales
  • increased customer satisfaction -> which then leads to more referrals
  • higher quality of work [less mistakes, less “dropping the ball”]

All of this is the result of making a few minor adjustments in how you relate to your team!

What I want you to takeaway.

Don’t think that you have a thousand different problems to solve in your business. Match your problems or desired results to actionable steps that you can take using the exercise I outlined above. Find correlations among your problems and you’ll be much more likely to succeed in producing results!

If you’d like help gaining an objective look at your business and areas for improvement, shoot me a message at [email protected] to see if one-on-one business coaching is right for you!

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If you own a business or are self-employed, you know how complicated business can be on a daily basis. We’re often putting our sole attention on the details and the problems, and we forget to focus on what makes our business grow and succeed. In the video below, I’m giving some tips to help you simplify your business and escape the tunnel vision of everyday details.

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