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    You too can increase profits without necessarily increasing sales!

    How?

    NewsletterThe “Profits Leak Detective Newsletter” offers regular tips and strategies to help you identify and plug those leaking profits.

    You may never have known you have them.

    Subscribe to receive a FREE Case Study on the success of just one strategy.

     

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    BONUS free report “7 Clues to a Profit Leak”, valued at $47.

    How do you know that you should be looking for leaks?

    Are there some clues or symptoms that are telltales saying that a
    bit of drilling down into your business might pay some dividends?
    Possible leaks could be anywhere.

    This report provides 7 clues that should put you on alert for a profit leak.

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    "Adam, over the past six years, I've had the pleasure of 'bumping into you' on at least three business and marketing related forums. Your contributionsto discussions have always been courteous, astute, incisive and practical,delivered with good humour, and based upon 'real-world' business experience. You are clearly an experienced business professional who actually knows what he is talking about. I wonder if your clients know what a gem they have in you? As one business professional to another, I salute you.

    Good Wishes,
    John Williamson - The Wealth Coach
    www.thewealthcoach.com
    www.retaildisplaysecrets.com

    +++++++++++++++++++

    I just LOVED "7 Clues to a Profits Leak".

    Steven Walker - Profit Improvement Advisors
    Calgary, Canada

    +++++++++++++++++++

    You will be proud how your protégés are proceeding!  We have expanded the business to Katherine and Alice (Tennant is also on the list). T he catering side of the business is far less stressful and is actually profitable, now that we only take the good jobs.  
    We will never forget the assistance you gave us in re-inventing our business!

    Karen Sheldon
    Managing Director
    Karen Sheldon Catering
    Darwin, Australia

    +++++++++++++++++++

    The chap is Adam Gordon whom I have known for many years.   He is a former resident of Darwin having lived here for perhaps 25 years, is an excellent communicator and has a very good appreciation of small business, business plans and all that goes with it.  In fact Adam is regarded as a business guru.

    Charles Wright, QS Services, Darwin, Australia

    +++++++++++++++++++++

    Thanks for the catch-up the other day. It's great to be working with a legend in the small business community.

    AJ Kulatunga, BLKMGK ICT

    Darwin, Australia

    +++++++++++++++++++

    The 7 Clues is a great.

    What I like the most in the Seven Clues report is that it clearly explains that accounting is merely a subset of proper financial management and
    that only the business owner can practise financial management. The accountant does the accounting, and in doing so supports the business owner's financial management. And the business owner uses the accountant's information, but relying on the accountant to do full-blown financial management is short-sighted.
    The report nicely "grounds" an otherwise complex topic which many business owners are afraid of touching, so they often move ahead in blissful ignorance. The water hose and the soggy soil under the leak makes an excellent and easy-to-comprehend example, upon which the financial management concept is nicely built.

    Tom "Bald Dog" Varjan, Organisational Provocateur Dynamic Innovations Squad
    Personal and Firm-Wide Performance Improvement for Management Consulting Firms

    Vancouver, BC Canada

    +++++++++++++++++++++++++++++
    You have played a very important role in my development in business.

    You were there with the right information at the right time, I thank you for that.
    By adding the next level of systems, and marketing knowledge that you brought to the table we able to identify our objectives, acknowledge the gaps in our business and put in place the planning so as to achieve those objectives. Within 5 years we achieved 9 of our ten stated objectives.  In that same year we won the NT Telstra Small business of the year"

    Greg Haigh
    Director - Trade Group
    Regional And Northern maintenance services
    RANms

    +++++++++++++++++++++++++++

    Recent newsletters include:

    • How well do you know your market?
    • How turning away customers leads to profits
    • How to create Superior Value
    • How to win against your competition
    • Do you need to make changes to your business?
    • "Our customers are costing us too much!"
    • Why competition is good news
    • What makes a web site effective?
    • Most businesses have one, but...
    • How to improve your quotations
    • How to raise prices without losing sales
    • Is your business resilient?
    • How to develop a new product in your niche
    • How big is your profit gap?
    • How discounting destroyed value
    • Benchmarking for best practice
    • From all customers to some customers
    • How to take the guesswork out of growth
    • Should your USP be based on logic or emotion?
    • How to triple your quotation success rate
    • How to dramatically improve your quotations
    • How to make more effective decisions?
    • How to develop your USP
    • Do you want to make better planning choices?
    • Are youmaking these mistakes in planning?
    • How to use SWOT properly
    • Does your sales conversation balance the scales of justice?
    • The perils of profitless cash flow!
    • So what is more important, cash flow or profit?
    • Are you getting value from your pricing?
    • Do you report to yourself monthly?
    • Follow the money trail!
    • Performance also counts!
    • Get more bang for your buck!
    • Without measurement there can be no improvement!
    • Where would your business be without customers?
    • Using your monthly report to improve your profits
    • Just who is your customer?
    • And what do you know about your customer?
    • How branding can increase your profits!
    • Can branding make you more money?
    • How to balance the value equation
    • Tilting the balance in your favour
    • How to pin the tail on the donkey
    • Are you groping in the dark with your real cost of labour
    • Mastering core marketing principles
    • Building a 5P marketing plan
    • Profit leaking processes
    • Should you be trying to increase or decrease cash flow
    • At times it is folly to hasten
    • 5 steps to create your future
    • What will be the X-Factor in 2009
    • Lies, damn lies & statistics
    • How to use a squad profit leak detectives
    • Confidence leads to action
    • Increase sales - so easy to say
    • So you want to know how to increase sales
    • Is selling a necessary evil?

    How to Overcome Overwhelm Print E-mail

    Unfortunately small business coaches and mentors such as me often only get called in to assist a business when times are tough and the business is trying to recover or even save itself.  It was thinking about the owners and managers I have known in that situation that lead to the last blog "Is your business overwhelming you?"

    At such time people usually feel overwhelmed by the flood of demands on them, on their time and the need to make decisions.  And the more they are overwhelmed, the more their decision making deteriorates, leading to even more pressure and stress.

    The blog looked at five underlying causes.

    I suggested there was also good news, that there are solutions, and promised some practical remedies.  

    So let's look at some of these remedies.

    The Power of "No" - one source of overwhelm and stress suggested in that blog was just not saying NO to the endless demands on you.  Learning to say No is a powerful tool in improving businesses.  But it doesn't just apply to saying No to requests from others, sometimes you need to say "No" to yourself!  

    Take short breaks - Face it, when you are working intensively, whether it is dealing with others, in meetings, writing something or making those important decisions you are processing a lot of information.  But your brain needs time to absorb that information. It just needs a short break.  

    If it doesn't get that break, it gets stressed.  So reward yourself and give the mind the opportunity to meander.  When you finish a task at which you have been labouring, take a short break.  Get up and walk around.  Do something else.  It need be no more than 5 or 10 minutes.  Take your mind off the immediate task at hand and just let your mind wander.  You will be good to go for another round of productivity after your brain recovers.  This is not an excuse for procrastination, but a refresher.

    Create momentum by breaking a big task into a series of small tasks - I'm sure you know the feeling.  Sometimes a big task confronts you like a mountain.  It's easy to feel overwhelmed as you don't know from where to start.  By breaking that mountainous task into a series of smaller tasks, and tackling the small tasks first you build confidence and create the momentum to take on the more difficult tasks.  And once you have momentum you keep moving forward.

    Take one step at a time - Part of the overwhelm problem is trying to do too many things at once.  Remember that you can only do one thing at a time.  Focus on just one thing, do it, and you'll be prompted to finish another.   One step at a time.

    The importance of clarity - your mind becomes clouded by the task at hand when you feel overwhelmed.  Often the problem comes down to a lack of clarity about that is important, and what is just a squeaky wheel.  The feelings of overwhelm and stress causes people to lose sight of what they're trying to achieve and what they need to do to achieve it.  And in the end, they never get what they want.

    You have all those decisions to be made, jobs to be done, which should be tackled first?  So you need to step back and decide what is important.
    Here are two useful tools to determine those priorities:

    • Use an "Urgency - Impact" matrix. Sketch a matrix on a piece of paper, labelling one axis URGENT and the other IMPACT. Scale each axis from LOW to HIGH. Then work through all those decisions and tasks and place them in the matrix. Don't agonise on where to place each one. Your first impulse is probably right. Obviously you are looking for those that are "High-High" to concentrate on. Get rid of or delegate the "Low-Low".
    • 5 Whys - Another useful technique to determine what is important is to start asking the question of 'why' you should be doing a particular task next. Then ask 'why' of the answer you get, followed by 'why' again and so on. Asking 'why' five times will give you a clear understanding of the importance of a particular job or task and its priority in your decision making.

    Now you can focus on doing things that are important to you, instead of lots of unimportant tasks that overwhelm you.

    Offer

    One of the problems in being overwhelmed and stressed in your business is that you are sure to be earning less than optimal profits.  Yet it is likely that there are hidden profits in your business.  

    I've been pulling together everything I've learnt in the last 20 plus years of working with small businesses to help them transform their businesses, their profitability and thus their lifestyles.

    It is in a f*ree special report "How to uncover the profits hidden in your business".   I give two case studies where clients have uncovered hidden profits in their businesses, profits which were leaking away instead of flowing into their bank accounts.

    And I look at some of the tools and techniques Iused to uncover the profits and plug the leaks and suggest more than 27 areas you should work on to transform your business.

    You can access the special report here.  Trial it NOW!

    ag dec 06-3signature4_2

    © Copyright 2011 Adam Gordon, Profits Leak Detective
    8th December. 2011

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