If it doesn’t add up, don’t do it.

Business Help

Learn how to better control the finances

Business is all about making a profit, so if your business strategies aren’t adding up to business profits, don’t do it, or do it differently.

Business should be, ‘a commercial, profitable enterprise that can work without you’- your business must give a good return on investment plus a full wage for every hour you spend working in your business right!  You can then pay someone to do your job and the business profits are not affected.

 The quotes ‘if it doesn’t add up, don’t do it’ can be applied in many areas of your business. Sales & Marketing is a prime example. If your current Sales & Marketing activities do not generate enough sales and profit, there is no point keep doing it. You are just wasting precious time and money. Change the campaign and or your target audience. 

 Increasing your team must also add up in pounds. Perhaps a business should consider putting some systems and processes in so that new team members can follow the systems and processes that have been tried and tested, freeing your time-up to focus on the strategic business goals and objectives.

 If you want to buy a business the figures must add up too – or have the potential to do so. Make a list of the things that are strategically important for the business to achieve, and then commit yourself to achieving them. Many people buy into something believing it would fulfil their needs, only to discover the figures were inaccurate or did not add up. If you are not sure, get help. Two heads are better than one, and prevention is better that cure.

 A great idea when looking at a business is to check the industry average and see how your business might compares. Given that many businesses fail in the first five years, you may want to ensure that you and your business have a better chance of surviving. I never met anyone who plans to fail.

 Finally the bottom line your figures must add up is in net profit margin terms or your desired profit or ROI may not be achieved.  ‘If it doesn’t add up, don’t do it” must be applied regularly in business.

 Don’t wait until the end of the financial year to find if you have made a profit. Business is work, but it should also be fun. Enjoy your business and beat the odds.

Bill Fox

 Bill’s vision is to make Kent the best place in the World to run a business  A certified multi award winning International business coach and voted 1 of the top 10 SME business experts in the UK by Enterprise Nation  Founder of The KBA way system ™ for Business Improvement and Growth  Served as Branch and Regional Chairman with the FSB  Served as a National Councillor with FSB  A Kent Ambassador  Business Advisor at the University of Kent Hub for Innovation & Enterprise  Worked with Young Enterprise, Get Mentoring and IOEE Mentoring  Has supported hundreds of companies on all aspects of their business journeys EXPERIENCE: I started my business journey in September 2005 by becoming a certified business coach with the Worlds #1 business coaching firm. Since then I have helped hundreds of clients to achieved extraordinary results. I was trained by some of the best business coaches in the world during my induction in America where I studied and learned my trade. I am also a qualified emotional intelligence coach, again trained by one of the world’s leading emotional intelligence companies Roche Martin® MY BUSINESS: I started my business in 2005 having spent 30 years working for large blue-chip organisations where I gained a huge amount of experience running other people’s businesses, working with teams of people across multiple sites in Europe improving performance, Leadership & Management. I have a huge amount of experience that I can call on to help you and your organisation. TESTIMONIALS: Bill Fox helped get our business to where it is today. A happy, thriving, growing organisation. Bill and Kent BA provide practical and pragmatic assistance in terms of coaching and helping secure external funding. We recommend them strongly!" Data Management Company Bill has been an excellent coach, always supportive and encouraging. He has helped me think outside the box and explore options I hadn't even considered for my business. He tells it as it is and overall offers great support and advice for any new starter or an existing business in need of a boost. Thanks for all your help. Hand Made Furniture Company Bill is a great no nonsense guy that understands what it's like to run a business in the real world. You'll not get "fluffy" from Bill! You'll get great advice even if you don't want to admit it to yourself, he's invariably right! Damn it! He takes time to get to know you and your business and gives timely advice that you can grow & learn from. Thank you, Recruitment Company "Bill is thoughtful, considered and calm. He has a real-world experience and a measured approach. If you're looking for a supportive coach, Bill is your man." Community Volunteer Company Having been in business for over 20 years taking Bill on as my business coach was a difficult decision, working with Bill on my business for over 6 months now – I can certainly see the difference and wished I taken on a coach years ago. I’m working less and earning more and getting better results across the whole business." Blinds & Curtain manufacturer & Supplier

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