Author: admin

  • Storm Proof Business?

    In Cromer there are two basic types of beach huts – wooden ones, which are parked on the concrete sea front and chained to the wall, and permanent ones made from brick and in no need to be chained to anything. So, if you were choosing a hut designed to survive a storm which one would you go for?

    The answer is brick, obviously.

    The brick ones get battered during the Winter and tend to survive until the calmer Spring weather. That is until two weeks ago when they were all smashed up and washed out to sea. Both brick and wooden huts were all destroyed by mountainous seas and the effects of being pounded by large pebbles and bits of sea wall. The beach is almost debris free…a few smashed bricks nestling amongst the pebbles, but nothing else. All the chairs and surfboards and cups and saucers and toys and swimsuits and our neighbour’s granny’s bikini (too much information?) all washed out to sea or around the coast to the next beach, out of reach and lost.

    I think being a beach hut is a great metaphor for business…we know that there will be economic peaks and troughs, unexpected events and calm sunny days. We can also know that sometimes the ‘business weather’ gets rougher than we have planned for and that even the best businesses take a hammering.

    Even if we build our business out of bricks and mortar, instead of wooden planking, there will always be times of great stress, uncertainty and damage. So, my question for you this week is how are you preparing for that unexpectedly difficult situation? Are you:

    1) Being proactive with practical sales and marketing activity?

    2) Building up a useful pot of cash in a reserve account?

    3) Keeping your cash flow forecast up to date?

    4) Challenging complacent colleagues to remain alert?

    5) Learning from competitor activity, rather than dismissing it as a ‘lucky break’?

    6) Ensuring you and your team have regular personal development opportunities?

    7) Dusting off your 2013 strategy and refining it for 2014?

    8) Talking to a business coach to check out your thinking and test assumptions?

    Whatever you ARE doing make sure that you ARE doing something to prepare for the storm, instead of relying on being a solid brick-built beach hut. Our brick hut was washed away, the same as everyone else’s.

    …Is your business truly storm proof?

    Next week: Will you take the ‘ice cream for breakfast’ challenge?

  • How Good Is Your Sales Process?

    Process, process – everything is a process! If we have good processes we will get good outcomes. Sales work is no exception to this and if we are organised and methodical we will increase our chances of success. When we think of a ‘sales process’ it can help to map it and then to put numbers against each stage, so we can see how well our pipeline is filing up. We can also make sure that we don’t have a blockage anywhere, for example, are we spending too much time networking and not enough time writing up quotes, or following up previous referrals?

    Think about your sales process…does it look something like this?

    1. Go networking
    2. Contact details added to database
    3. New potential customer projects logged
    4. Customer follow up work reviewed and updated once a month
    5. Diary dates set for follow up work
    6. Follow up customer visits or calls arranged
    7. Ask for the order
    8. Deliver work
    9. Send invoice
    10. Make sure invoice is paid

    I found that I was doing really well at stage 1 and was getting a bit lost at stage 4 and 5 …so I changed my process to formalise the monthly review of the current pipeline, as this was the bit that wasn’t working for me. I made this change back in February and ever since that have noticed how business is getting steadily busier.

    Could this change in fortune be down to an economic upturn? Or through bits of random luck? Or because I improved my process and stuck to it? You can decide.

    This week take a moment to map your sales process from end to end and find out where the gaps are and where the paperwork is getting stuck. Then make one change …that one change could be worth many £1,000s to you, so it’s worth spending time on the process!

    Have fun!

    Next week: Storm proof business?