Connect the dots to………………… sustain and grow your business

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Connect the dots to………………… sustain and grow your business. 5 th December, 2012 @lincolnjc John@connectthedots.ae facebook.com/Connectthedots.book. Why this book ?. - PowerPoint PPT Presentation

Transcript of Connect the dots to………………… sustain and grow your business

Connect the dots to…………………sustain and grow your business5th December, 2012

@lincolnjc John@connectthedots.ae

facebook.com/Connectthedots.book

“ This is my tribute to the tremendous spirit

of the small and medium businesses that drive the world economy forward ”

Why this book?

“More than 30 years of senior level management experience

in start-ups, telecom giants and technology companies in

Japan, India, UK, Malaysia, Thailand, Brazil apart from the US. I have experienced

success & failures from boom to bust …”

Who am I?

The most important dot that needs to be connected … family values

Know your exit !

DivorceDeathDisabilityDepartureDetourDeceitDecline in growth

Before you get your funding – PLAN!-PLAN!-PLAN!

Traditional and alternate sources of funding for startups

Understanding working capital management: money today to make

money tomorrow!

Cash is king !

Emotional intelligence matters !Hire EPIC candidates

Products are tangibleServices are intangibleExperiences are memorable

The deeper the memory, the stronger the experience.

The proposition forms the experience. The experience forms the brand.

Enticing and tempting your customers to sin !

The 7 cardinal sins

Marketing to women !

Demographic trends

Digital saviness

Loyalty

Detail orientation

Depth of social network

All war is deception !

Compete on quality and differentiation

Communicate weakness and threat to your customers

Form strategic partnerships or alliances

Reveal your strategic intentions and capabilities

Deploy indirect pricing tactics addressing perceived value

Limit the theater of operations in the price war

Not all customers are created equal !

Needs, demographics and psychographics

MASA

Two tiered model

7th heaven – exit, business plan and cash flow

What are your exit strategies?

Do you have a multi scenario business plan?

Do you have adequate funding? What are your sources of funding?

How is your cash flow managed?

7th heaven – customers risk management, emotional intelligence, market structure and value proposition

Are you over dependent on a single or a few customers ?

Are your key employees emotionally intelligent to deal with the “white water” environment ?

Do you know your market and structure ?

What is your incremental value proposition and differentiation relative to your competition?

7th heaven – pricing, experience, branding, sales and marketing

Do you have a purposeful pricing strategy and tactic ?

Have you designed the end to end intentional experience ?

Do you have branding strategy ? Do you know how you will engage in a price war ?

Are your sales and marketing folks competent to meet your business growth plans ?

7th heaven – compensation, segmentation and marketing communications

Are your sales teams compensated to drive wins from your competition ?

How will you reach the market ?

Have you segmented your target customer base ? Do your marketing communications address the vulnerabilities of human beings ?

Do you have purposeful strategy to target women ?

7th heaven – operations, IT systems, process and profits

Have you considered the end to end operations of your business ?

Do you have policies, procedures and processes that drive productivity in your business ?

Do you have effective information and telecommunications systems ?

Do you know where 80% of your cash flow and profits come from ?

Do you have good, truthful and useful managers ?

7th heaven – leadership, performance and valuation

Are you conducting yourself as a leader or are you just a task master ?

Do you know the set of activities that accentuate your business performance ?

Do you know the set of activities that diminish your business performance ?

Do you know how much your business is potentially worth today ?

Is this business really for you ?

“You might think you have

connected the dots, but think again” !

……

In summary“CONNECT THE DOTS”

“This book, is deliberately and carefully written for a cross-geography,

multicultural, multiracial, and multi sector audience.

Connect the Dots is my attempt to create a playbook for the entrepreneur, a take-everywhere-you-go guide to surviving –

and flourishing – in business.

Shukran 5th December, 2012

@lincolnjc John@connectthedots.ae

facebook.com/Connectthedots.book