Discover How To Make Fantastic Profits
AND
Have More Free Time
If you're like most business owners you probably started in business with a feeling of excitement about the future. Sure you knew that there would be a few years of hard work to build the business. After that though you could see the light at the end of the tunnel... the fabulous promise of business ownership...
...more money and more time with no boss!
What happened? Where are all of the surplus profits?, and where is your free time?
If you're like thousands of Australian business owners who are working long hours for less money than you would get in a job, then look no further, Impact Factory can help you change your business life for the better.
Imagine if there was a recipe for having a lifestyle in business… a step by step way to increase your profits and the outcome was enjoying a lifestyle with an abundance of time and money. There is such a recipe, which has virtually been a secret until now. A few have discovered it, and those who have are enjoying astounding time and money benefits.
Turning your business into a profitable cash producing asset that gives your free time requires 3 specific development phases;
Phase 1 - Freeing up 10-15 hours per week of your time so that you can recharge and focus on building your business.
Trying to think clearly and strategically about building your business when you are working 60+ hours per week is next to impossible and few manage to be able to do it. Any serious business transformation effort must start with you freeing up some time.
It is best for you to prepare a strategic plan first which outlines what you need your business to provide you with for your lifestyle and describes in broad terms how you will get the business to that point.
Your skills as a leader will come into play as you learn how to delegate, build a harmonious high performing team and implement meaningful performance measure into your business.
You’ll be amazed how much valuable time you can free up once you get your team motivated and all singing from the same song sheet.
Now you are ready for serious growth in Phase 2.
Phase 2 - Building your business so that you have the profit you want and enough left over to pay a manager to run your business… so that you only have to work when you want to.
When it comes to your businesses growth, your net profit margin is the primary indicator to focus on... you are in business to make profit (not just turn over). It is extra profit that will pay for your lifestyle and for the manager to run your business while you’re off having fun.
There are only 4 areas to focus on to grow any business, all business improvement efforts should be focused on these 4 areas;
- Improving your sales conversion rate
- Increasing your average sale value
- Increasing the number of quality sales enquiries to your business
- Improving productivity in all areas of your business via systemisation
If you are thinking this will take a lot of work, you are right, and the rewards will be more than worth the effort. To help you achieve this you will use the time you freed up in phase 1. You'll never do all of this on your own though, you'll need a motivated and highly productive team behind you to make all of this work. That's the benefit of spending time on team building and performance at the outset in phase 1.
Phase 3 - Exit your business and go on a long holiday!
To prepare for being an ‘absentee business owner’, you will need to finalise your business management system and document it into a manual.
The good news about hiring a manager after you have done the business building in phases 1 & 2 is that you won’t need to hire an expensive superstar manager.
The reason for this is that you'll have a happy, motivated and productive team, you'll have systemised your business operation to run smoothly and profitably and you'll have refined profitable sales and marketing strategies to maintain a constant flow of profitable sales. So the manager you need is someone who is good with systems and people to keep things running smoothly. You don’t need a $100+K manager.
To help you with recruiting a manager, you can use Impact Factory’s specialised recruitment system to find a great quality person quickly. Orientating them to your bsuiness will be much easier with both your Operations Systems Manual and your Management Systems Manual.
Once you have your new manager on board and orientation complete, you can start testing out being an absentee business owner. Start engaging in some much needed lifestyle pursuits a couple of days a week.
Eventually you won’t be required at work at all… you will have created a profitable business that runs without you… you’ll be free!
What could you do with all of your time back on your hands with good profits rolling in? Do you have another business venture that you want to pursue? …do want to develop a single figure golf handicap …what about spending more time with family and friends? … how about going to the places you’ve always wanted to travel to? The list is endless when you are free from the daily grind.
If you want to get started shaping your future, call James on 1300 790 150 today!
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