being in business!
You didn't go into business to 'run a busyness.'
You went into business because you wanted a better than average life - with more time and money.
You wanted a quality lifestyle where you could make money from employing people, and have decent holidays. Not just a few weeks off at Christmas when everyone else takes them.
If that's true... How's it working out for you?
There are huge potential rewards, beyond what you could even imagine, with a quality of life you dreamed of, all those years ago when you first started out in business.
The potential still exists, if you're open to learning and ready to explore new opportunities.
THE TRUTH ABOUT BUSINESS
These skills can be learned slowly, sometimes painfully, or in months. That's the choice.
These six areas describe what is possible and what has been achieved in client's businesses for over 20 years.
Your business grows faster, growing by 30% to 500% in net profit per year. You feel in control and there are rarely any ups and downs in sales.
You are confident with all decisions about pricing, hiring employees, and marketing. Weekly management reports provide clarity on how the business is operating.
Working becomes optional. You can work, or go on holidays for a couple of months at a time, without stress or concern because you know your team is keeping it operating smoothly.
Peter Drucker (1909-2005) - one of the most widely known and influential thinkers on management, whose work continues to be used by managers worldwide.
REFINED OVER 20+ YEARS
Define what business freedom means to you. One to two years is the ideal time frame to achieve it, if you own an established business with 5 or more employees. If not it make take another year or two.
2. Build a Team
Building a high performance, happy, and dependable team is what leads to you having business freedom. Weekly meetings are essential for this goal. Combining meetings with reviews of their figures makes a big difference.
3. Measure to Manage
Measuring and seeing figures for your business every week leads to greater confidence with pricing, marketing, employee performance and so much more. It turns all doubts about decisions into confidence.
4. Systems and KPIs
Systems are required as businesses grow. By introducing KPIs for roles it 'glues' employees to using the systems. This leads to excellent customer service, which builds the brand and your freedom.
5. Growth Planning
With the first 4 steps in place, profit margins and cash in the bank increase. This allows more money to be put into marketing to grow the business, systematically and without your time. Now it's time to plan for fast growth.
Marketing starts with optimising, to improve every strategy, without spending more on advertising. Conversion rates are focused on from websites and all other strategies as increasing sales at higher prices.
This is where you choose what to do with your time. Step out completely with your business under management, work part-time as a BDM, or expand interstate or internationally. The choice is yours.
These strategies have been introduced to thousands of businesses and refined over 20+ years by measured results. There's no guesswork - all strategies work.
"I first met Tim between businesses. He helped me to buy a kitchen renovation business and then built it and systemised it ready for a manager, who he also helped me to hire. I then travelled the world with my wife for 2 months and didn't go back to work. I sold it two years later, for 10 times what I initially paid for it, as a business under management, ready to franchise."
House of Kitchens - Sydney
"When I met Tim my business I had been in business for over 15 years and was working 55 hours per week. Two years later I can and have gone on holidays to Indonesia to go surfing for two months, without contact with my business.
I work when I want and my team work without my supervision. Life is great!"
Whitelight Electrical - Sunshine Coast
"I was working 80 hours a week, every week when I met Tim.
10 months later my business had grown over 200%, I had a great team, systems in place, KPIs and weekly management reports. My business operated smoothly and profitably - without me, and we then travelled around Australia in a motor-home for 2 years. It was fantastic."
Electrician - Townsville
Tim Stokes is one of Australia's most experienced small business entrepreneurs, coaches and mentors. He's built six businesses over his 40+ years in business and worked with thousands of businesses in four countries.
He's a full-time researcher into entrepreneurship, extreme business success and setting businesses up so that working can become optional. He has invested over $150,000 in learning from marketing experts, entrepreneurs, business gurus and legends of international business.
With over 20,000 hours of research, development and refinement of his strategies, systems, management tools and methodology, he is respected and recommended by dozens of accounting firms, who see his results in their client's financial reports.
Tim was a pioneer in the business coaching industry being one of the very first, starting in 1997 as a "pilot" franchisee. He became the "Worldwide Business Coach of the Year in 2000" with ActionCoach, the first time they created the award. ActionCoach is the largest business coaching organisation in the world.
Tim has also spoken to thousands of business owners in self-marketed seminars, webinars, workshops, and courses. He has worked one-on-one delivering business mentoring programs in 4 countries, Australia, New Zealand, the USA and Canada. He is highly respected by leading accounting firms with dozens referring hundreds of their clients to his programs.
PO Box 789 Kenmore
QLD 4069 Australia
P: +61 7 3194 0477