Business Brain Food

We’ve changed it up a bit this week. Instead of the usual format of Ben talking to a guest, we’ve got almost an hour of Ben talking to you. This business advice is invaluable – it’s the same advice that businesses up and down the land have paid good money for, but today it is absolutely free.

This week Ben focuses on his 5-step business growth system. For the full info you’ll have to listen to the podcast, but you can have a sneak preview of this tried-and-tested system below:

  1. Time Management: People like to be busy, but that could easily mean you’re disorganised. A good business owner has time to stop and reflect.
  2. Why did you start the business? Not enough people ask themselves this. You need this as a clear objective, then you can build everything else around it.
  3. Understand your money: See your P & L as a working document full of management information, not just something that you need to do for the taxman. Design your accounts in a way that suits you, not the accountant. You should be able to easily make decisions off the back of the figures, week-to-week, month-to-month. If you can’t, then there’s something wrong.
  4. KPIs are king: For every single role in your business you need to clearly define what the measurements are of success and failure.
  5. Make sure your business can do what you say it can: Achieve that consistency! As a manager you need to take as much human error out of the equation as possible. Only with foolproof processes can your business achieve the consistency it needs to ensure customers keep coming back.

In this episode of Business Brain Food you will learn:

** The key foundations of good business

** The importance of a marketing plan

** How technology can shape your future

** The power of lead-generation strategies

** Return customers V new customers

  Resources mentioned in this episode:

** Ben’s programmes that start from as little as 10 AUD per day: http://www.businessassessment.com.au

** The SMEA has teamed up with Action Coach to deliver over 50 free business coaching workshops across Australia. Go to http:www.smallbizsept.com.au and find your nearest workshop. And as an extra bonus, any attendee of the workshop will get free membership to the SMEA for a year worth 400 AUD.

** Ben’s Daily Business Tips: http://www.dbtpodcast.com

** Facebook: www.facebook.com/businessbrainfood

** Facebook group: https://www.facebook.com/groups/businessbrainfood

** Twitter: https://twitter.com/bfewtrell

** ActionCOACH: http://actioncoachanz.com/itunes

** ActionCOACH: http://actioncoachanz.com/stitcher

“Take a day each week to work on the future of your business, otherwise all you will ever have is a job,” says Ben. By reading this and listening to the podcast, you’re taking a step in the right direction. Make sure you keep up the good work! Also, if you are enjoying these Business Brain Food podcasts, then make sure to share them via social media sites or email the links to family and friends. A lot of time and effort goes into producing each of these podcasts with the goal in mind of the more people we can inspire about business the better. You can help us do just that! Until next time, have a profitable day. Cheers, Ben Fewtrell (02) 9111 5000

Direct download: BBF104_How_A_Fed_Up_Lawyer_Becomes_A_Big_Banana.mp3
Category:general -- posted at: 12:00pm AEDT