a free tip to get me started - how to increase...
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Posted: 10th Mar 2010 - 14:14 |
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Hi all Was the reason you got into your own business, ultimately, to make a profit? Because once you make that profit, you can help your friends, family, and yourself to have a better standard of living, and a better quality of life? Like me, did you decide that you wanted to do what you were passionate about, whilst being your own boss, working to your own standards, ethics and morals? Well here is a very simple but dramatic idea to help you increase your profits by 30%, quickly and easily - it's part of the modules I use to help my clients grow their business: Lets imagine you have a company with (for simplicities sake), a turnover of £ 100 Are you aware that you can take three simple steps to increase your profits by 30%? Step 1 Step 2 Step 3 Here's the effect: 1 - turnover increases by 1%, to £ 101 2 - turnover increases by sales activity above, by a further 1%, which in round terms, makes sales £ 102 3 - costs reduce by 1%, taking costs down to £ 89 4 - Profits have now risen to £ 13, in other words, a 30% increase in profits. Created by just 1% increase in sales, 1% increase in prices, and 1% reduction in costs. , turnover - £ 102 Increase = 30%
So, I have three questions to leave you with: 1. What happens if you increase your profits by 2% (or 3% or 4% or 5%) rather than 1%? 2. How big is YOUR turnover just now, and hence how much would a 30% increase in YOUR profits mean to you?
Have a great day, and if you want to know more, email me at Glen@GlenCollinson.com, or call me on +44(0)7832 987 810
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turning your potential into reality...
Glen Collinson +44 (0) 7832 987 810 I help SMEs and their owners, to understand what is holding you back from reaching your full personal and business potential, then help you overcome them using advanced NLP, TLT / CYF (tm) and hypnosis techniques, and then apply proven international business techniques to rapidly grow your business... All with 100% money back guarantees. Testimonial:
The session has helped me get more focussed, channel my activity and energy into moving things forward. It has also given me a better understanding of my clients' needs and wants, and how I can best help them. One idea alone from this session will be worth £ 50,000 this year to my business. I feel ENERGISED and EXCITED!!!
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Posted: 10th Mar 2010 - 14:44 |
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Great tip Glen, would be good is the business section. |
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Posted: 10th Mar 2010 - 15:55 |
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HI Glen, Nice post. Just to let you know, in your signature section at the bottom of page, you have www, instead of www. Just went on your website and had to change it when copy and paste. Cheers and have a great day 2. Mike |
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Posted: 10th Mar 2010 - 23:52 |
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Great tip Glen, would be good is the business section. Thanks Bruce. I'm new to the site, so wasnt aware of a seperate business section. I'll check it out. thanks for the other response too! cheers Glen
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turning your potential into reality...
Glen Collinson +44 (0) 7832 987 810 I help SMEs and their owners, to understand what is holding you back from reaching your full personal and business potential, then help you overcome them using advanced NLP, TLT / CYF (tm) and hypnosis techniques, and then apply proven international business techniques to rapidly grow your business... All with 100% money back guarantees. Testimonial:
The session has helped me get more focussed, channel my activity and energy into moving things forward. It has also given me a better understanding of my clients' needs and wants, and how I can best help them. One idea alone from this session will be worth £ 50,000 this year to my business. I feel ENERGISED and EXCITED!!!
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Posted: 10th Mar 2010 - 23:54 |
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HI Glen, Nice post. Just to let you know, in your signature section at the bottom of page, you have www, instead of www. Just went on your website and had to change it when copy and paste. Cheers and have a great day 2. Mike Thanks for the acknowledgement Mike, and also for spotting my error in the signature! I'll figure out how to fix that and do it now! cheers
Glen
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turning your potential into reality...
Glen Collinson +44 (0) 7832 987 810 I help SMEs and their owners, to understand what is holding you back from reaching your full personal and business potential, then help you overcome them using advanced NLP, TLT / CYF (tm) and hypnosis techniques, and then apply proven international business techniques to rapidly grow your business... All with 100% money back guarantees. Testimonial:
The session has helped me get more focussed, channel my activity and energy into moving things forward. It has also given me a better understanding of my clients' needs and wants, and how I can best help them. One idea alone from this session will be worth £ 50,000 this year to my business. I feel ENERGISED and EXCITED!!!
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Posted: 11th Mar 2010 - 08:31 |
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Well pointed out Glen, it's all in the Maths. Go for 2% everyone, and my message to anyone here still in startup mode is "you're probably pitching your prices too cheaply anyway". |
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Posted: 11th Mar 2010 - 08:48 |
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It is a great tip. I am not knocking the advice at all. However this just shows what is meant by lies dam lies and statistics! The maths does not scale. Take it up to 1000 and you only get 29% take it up to a few million and it goes down further. |
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Posted: 11th Mar 2010 - 08:53 |
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It is a great tip. I am not knocking the advice at all. However this just shows what is meant by lies dam lies and statistics! The maths does not scale. Take it up to 1000 and you only get 29% take it up to a few million and it goes down further. Yeah, I don't think thats too much of a problem for me
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Posted: 11th Mar 2010 - 09:19 |
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It is a great tip. I am not knocking the advice at all. However this just shows what is meant by lies dam lies and statistics! The maths does not scale. Take it up to 1000 and you only get 29% take it up to a few million and it goes down further. Yes, you're right. but it does frustrate me when clients complain that they're only getting a free 25% increase in profits on a million pound turnover! ;-) some people are SO hard to please :-) thanks for the feedback though - it's a good tip, and I welcome communication. As we teach in NLP, "the meaning of communication is the response we get" ... have a fantastic day (wow, did i sound American just then lol)
Glen
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turning your potential into reality...
Glen Collinson +44 (0) 7832 987 810 I help SMEs and their owners, to understand what is holding you back from reaching your full personal and business potential, then help you overcome them using advanced NLP, TLT / CYF (tm) and hypnosis techniques, and then apply proven international business techniques to rapidly grow your business... All with 100% money back guarantees. Testimonial:
The session has helped me get more focussed, channel my activity and energy into moving things forward. It has also given me a better understanding of my clients' needs and wants, and how I can best help them. One idea alone from this session will be worth £ 50,000 this year to my business. I feel ENERGISED and EXCITED!!!
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Posted: 11th Mar 2010 - 09:49 |
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Hi all Was the reason you got into your own business, ultimately, to make a profit? Because once you make that profit, you can help your friends, family, and yourself to have a better standard of living, and a better quality of life? Like me, did you decide that you wanted to do what you were passionate about, whilst being your own boss, working to your own standards, ethics and morals? Well here is a very simple but dramatic idea to help you increase your profits by 30%, quickly and easily - it's part of the modules I use to help my clients grow their business: Lets imagine you have a company with (for simplicities sake), a turnover of £ 100 Are you aware that you can take three simple steps to increase your profits by 30%? Step 1 Step 2 Step 3 Here's the effect: 1 - turnover increases by 1%, to £ 101 2 - turnover increases by sales activity above, by a further 1%, which in round terms, makes sales £ 102 3 - costs reduce by 1%, taking costs down to £ 89 4 - Profits have now risen to £ 13, in other words, a 30% increase in profits. Created by just 1% increase in sales, 1% increase in prices, and 1% reduction in costs. , turnover - £ 102 Increase = 30%
So, I have three questions to leave you with: 1. What happens if you increase your profits by 2% (or 3% or 4% or 5%) rather than 1%? 2. How big is YOUR turnover just now, and hence how much would a 30% increase in YOUR profits mean to you?
Have a great day, and if you want to know more, email me at Glen@GlenCollinson.com, or call me on +44(0)7832 987 810
You've been to a Business Links meeting haven't you? I was shown this at a Kent Biz Links meeting before Christmas. |
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Posted: 11th Mar 2010 - 10:16 |
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It is a great tip. I am not knocking the advice at all. However this just shows what is meant by lies dam lies and statistics! The maths does not scale. Take it up to 1000 and you only get 29% take it up to a few million and it goes down further. No, he's just rounded a couple of numbers along the way. What you may want to consider is that this only really works for small profit margins... If in the example your costs are £10 less then you'll only see a 15% increase in your profit, another £10 less and it's 10%. Of course if like Tesco you only make 1p for every £100 turnover then you could see your profits increase by 30,000%! Then again, I think that it's a good principle that it only takes small changes to make an impact.
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Have you considered using photographs to advertise your business? I produce photographs of people, commercial photographs and still-life / product images. Give me a call and see how better photographs can set you apart from you competition. Marc
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Posted: 11th Mar 2010 - 10:21 |
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I wasn't knocking the advice nor getting away from the message that if you you make a couple of small changes you can get massive results. Just pointing out that mathmatics are not always what they seem. Sorry |
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Posted: 11th Mar 2010 - 10:28 |
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Theres a piece in the forthcoming (when will it be here) 4N community mag that takes this concept much further and much deeper. if you want to know even more, contact me on my phone number below |
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We specialise in local business marketing, your business now has at its disposal cutting edge strategies in mobile, internet and traditional marketing. From utilising hyper local marketing techniques to gain instant potential clients through to longer term methods, your business can only profit from talking to us. One of the handful of truly cross platform marketers available to you, lets have a chat and see if we can work together. SPECIAL OFFER ONLY £30 FOR 30 MINUTES HARD HITTING CROSS PLATFORM MARKETING AND SALES CALL SPECIFICALLY FOR YOU AND YOUR BUSINESS. PM ME FOR TIME SLOTS AVAILABLE My own main profit centre is futures trading. Meaning I have plenty of spare time to look at helping others grow. |
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Posted: 11th Mar 2010 - 12:11 |
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Good useful first post - well done ! Thanks |
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Posted: 11th Mar 2010 - 21:59 |
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Well pointed out Glen, it's all in the Maths. Go for 2% everyone, and my message to anyone here still in startup mode is "you're probably pitching your prices too cheaply anyway".
Some very good and practical advice. I agree with Dave about pitching fees to cheaply, especially at startup. This is one of the first tips in my recent blog about how a business can improve its profitability.
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