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Free Business InformationDouble Your Business Results Victimisation The Penny Model
by:
Leanne Hoagland-Smith
Doubling your business results is more easier than many an you realize. Especially, once
you can implement a simpler process, you CHANGE how you THINK. Before explaining how to double your business results, I would-be like to share with you the penny model. Victimisation this approach YOUR business results DOUBLE in 30 days.
Beginning on Day 30, you now have a penny. By Day 60, your one penny has grown-up to 2. Inside
3 months or 90 Days, you have 4 pennies. Are you starting to get the picture?
Continuing on with the Penny Model, your fortune starts to look thing
like this:
Day 120 – 8 pennies
Day 150 – 16 pennies
Day 180 – 32 pennies
Six months have now flown by and you have augmented your penny 32 times. Wow! And you thought doubling your business was not possible.
Day 210 – 64 pennies
Day 240 – 128 pennies
Day 270 – 256 pennies
Day 300 – 512 pennies
Ten months later your efforts are now securing a 512 return from that initial 1st penny. Yet, the better is still to come.
Day 330 – 1024 pennies
Day 360 – 2048 pennies
A year has now passed and that one, single penny now has the value of 2,408 pennies, far more than doubled. And even as if for several reason, you didn’t bring home the bacon 2,408 pennies, would-be you complain if you only had 128 or even as 32? I think not.
Okay, “So what makes that mean for my business?” you may be asking yourself right now? Plenty and let me explain why.
Let the penny represent your daily actions or activity. For example, you call 100 people, speak to 20 of them, schedule 5 appointments and obtain one sale. By increasing your calls on a daily basis for the next two weeks to reach another 10 folk each day, you wish have another sale at the end of two weeks.
Or peradventure you presently
schedule only 3 appointments per week and it took you 50 dial ups (number of time attempting to contact a potential sales lead) from the previous week to secure those 3 appointments. By doubling your dial-ups to 100 per week, you would-be now have double the appointments to 6. Given your close ratio, you could easily double or triple your business inside
a really short time.
Even if you believe that you can’t double your phone calls (your belief system may be another reason why you can’t double your results and that’s an entirely several article), consider what would-be happen if you augmented your performance by simply 10%. A 10% increase in effort, which isn’t that more more, can be compared to a penny to a dime or a dime to a dollar.
If I am presently
averaging $52,000 in sales per year, 10% would-be mean an additional $5,200 or simply $100 more per week. Victimisation your sales and following numbers, which I am sure that you have, you wish cognize exactly how many an calls you wish have to do to increase your weekly sales. Peradventure it is simply a case of up-selling or even as asking a nice client for a referral.
The Penny Model is a really simple way to see how quickly your work can double your business results. All you need to do is to support an open mind and look to the possibilities instead of limitations. Of course, a evidenced goal setting and goal accomplishment action plan probably wouldn’t hurt either.
Just about the author:
Leanne Hoagland-Smith helps folk & organizations to double results through ROI driven coaching, training & development. If increasing your revenue, up your performance or finding balance interests you, visit www.processspecialist.co,email info@processspecialist.com or call 219.759.5601.
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