Benchmark Business Group

Business Owner Newsletter - Page 14

Making the Switch

Intentional imbalance is always about your wins. It's about knowing what they are so when you reach them you can turn your attention to the next win. It sounds a bit odd, but the real reason you plan your schedule is so that you can react to the elements that are outside of your control and still be in control. Yes, sometimes you have to completely rearrange the schedule that you've planned and in a moment's notice. This is where most people struggle.

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Creating Sales "Wins"

What is a win for you?
When you're in sales, especially sales with a longer cycle, it's easy to get discouraged. There are days where you might think you've accomplished nothing, because you didn't get the "win" of closing on a deal. It's understandable. Closing a deal gets you paid; and, if you're like most salespeople there's a rush of excitement that comes with the closing.
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It's Time

Not having time to focus on change is a reality for most small business owners, but it's also something you can move past. All we have is time. It's how we choose to use our time that matters. Granted, this is easier typed than implemented, but if you truly want different results in your business then you have to change the way you spend your time.  

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Built to Sell is Built to Own

If you've followed along this month you know that we've focused on knowing how to increase the value of your business while you own it and when you're ready to sell.  We often encounter business owners that are uneasy talking about their eventual exit plan.  Some owners think it's too far away and they don't need to worry about it now.  Others want, but seldom have, a clear plan to transition the business to their children or employees.  And some plan to work up until the end (this one is just scary).
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Are You Ready?

One of the most common remarks we hear from business owners here at Benchmark Business Group is, "I wish I would have done this sooner." The reality is, there is no perfect time to start redesigning your business. In fact, achieving "Value Realized" isn't a one-time occurrence. Rather, it is a way of doing business that once you start will pay dividends, today AND when you're ready to exit your business. The best time to start is now. 
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When is Double Vision Good for You?

Last week we challenged you to think about the design of your business and answer the question: Have you intentionally designed your business to achieve "Value Realized?" This week we're challenging you to think about double vision. Running a business isn't easy. You already have a lot on your plate and we're asking you to find a way to redesign your business. This requires you to have double vision. 


 
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The Stark Truth About Business

The sole purpose of owning a business is to realize value. What value means to you could be different, but for the most part, business owners consistently want three things daily: more time, more profit and more freedom. And of course, when the time comes to transition out of your business realizing value is: more options, more offers and more profit.


 
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