Teach a person to fish and you them for a lifetime...advice had a positive effect on the boutique's...
Transcript of Teach a person to fish and you them for a lifetime...advice had a positive effect on the boutique's...
Teach a person to Teach a person to fish and you fish and you
them for a them for a lifetime...lifetime...
Dresdene Flynn-White
• 25+ Years experience as healthcare executive
• Consulted or coached in healthcare, consulting firms, senior move
management, insurance, landscaping (to name a few)
• 2006 Stevie Award Finalist – Mentor
• 2006 ACTION Women of the Year
• 2005 Georgia Rookie Coach
• Featured business commentator: Black Enterprise, Entrepreneur
Magazine, SBtv
Top and Bottom-line Results
Local Awards
Regional Awards
Global Awards
Performance Awards
I wanted to take the time to thank you for something that really resonated with me. I found my "french fries"! I was able to add on a $8.00 lip gloss to 90% of the sales I made during the month of December. Your advice had a positive effect on the boutique's Xmas season bottom line and a positive effect on my spirit. – Tanya Jones, Fashion Crest Boutique
Industry Awards
Entrepreneur of the Year
Small Business Person of the Year
–– Mindset for SuccessMindset for Success
–– Approaches/StrategiesApproaches/Strategies
–– Leveraging Key RelationshipsLeveraging Key Relationships
–– Impact on the LongImpact on the Long--termterm
To reward your time investment with To reward your time investment with insights/ideas… for today’s economyinsights/ideas… for today’s economy
Our purpose this Our purpose this evening...evening...
To get us started .. this To get us started .. this statement…statement…
What you can expect from What you can expect from today’s seminar…today’s seminar…
BBlinding linding FF____ ____ of the of the OO_____…_____…
What do you do when you get one???What do you do when you get one???
Formula For Success in any Formula For Success in any economy…economy…
1.1. Rise EarlyRise Early
2.2. Work HardWork Hard
3.3. Strike OilStrike Oil
- J. Paul Getty
Mindset Required For Success
“The greatest discovery of my generation is that man can alter his life simply by altering his attitude of mind.”
James Truslow Adams
Mindset Mindset -- Impact on Your Business…Impact on Your Business…
FEAR
_ _ _ __ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ __ _ _ _
Jack Canfield
Bad Day
Great Stuff
Economy
Lost Client
Someone Dies
FEAR
PESSISISM
DOUBT
UNGRATEFULNESS
QUIT
NEGATIVE
NEGATIVE
NEGATIVE
NEGATIVE
NEGATIVE
What will kill a business…What will kill a business…
BBright right SShining hining OObjects…bjects…
Chasing the next greatest idea…!Chasing the next greatest idea…!
BehaviorBehavior
ThoughtsThoughts
ImagesImages
What is similar about . . .What is similar about . . .
OnlyOnlyThingsThings
You You CanCan
CONTROLCONTROL
Faith Fear
ClarityClarity ChaosChaos
AchievementAchievement PowerPower AtrophyAtrophy ParalysisParalysis
What do you choose?
Discipline & Focus Distraction & Procrastination
E E RR OOEventEvent ResponseResponse OutcomeOutcome
Gratitude
Faith
Belief
Optimism
Persistence
Bad Day
Great Stuff
Economy
Lost Client
Someone Dies
POSITIVE
POSITIVE
POSITIVE
POSITIVE
POSITIVE
Life and Business Mastery...Life and Business Mastery...
(V) X (G) X (P) X (A) = SVisionGoalsPlans
ActivitiesMeasure both Personal and Business
Action Coach’sWorld-class
Models/Strategies
Definition of a Successful Business…
A Commercial, Profitable, Enterprise
- that works -Without
YOU!
The Action E-Ladder …Create Money with Other Peoples Ideas & Network
Make Money with Money
Make Money from Profits
Earn Money from
Managing People & Assets
Earn Money for self
Earn Money from job
Six Steps to Massive Results…
Stability
Cash
Time
Happiness
Diversification
Freedom
Most business owners know…
How Many Customers They Have
What Their Revenue Is And
How Much Profit They Make.
Number of LeadsNumber of Leadsxx
Conversion RateConversion Rate==
CustomersCustomersxx
# of Transactions# of Transactionsxx
Avg. $$$ SaleAvg. $$$ Sale==
RevenueRevenuexx
Profit Margin Profit Margin ==
$Profit$$Profit$
Number of Leadsx
Conversion Rate=
Customersx
# of Transactionsx
Avg. $$$ Sale=
Revenuex
Profit Margins =
$Profit$
#_
#_
#_
#_
#_
How important is your leadership
and your team?
Starbucks, Ritz Carlton, Nordstroms, Apple…
Keith Cunningham, “Keys To The Vault”
Quoting Richard Branson ...Quoting Richard Branson ...
“If you can learn to “If you can learn to run one business run one business successfully, then successfully, then there is no reason there is no reason you can’t run any you can’t run any
number of number of businesses at the businesses at the same time in any same time in any economy….the economy….the
principles are still principles are still the same.”the same.”
Strategies for Recessionary MarketsStrategies for Recessionary Markets
•• Many business owners and professionals become Many business owners and professionals become paralyzed, literally frozen in fear…paralyzed, literally frozen in fear…
•• The normal reaction is to stop a lot of things we have The normal reaction is to stop a lot of things we have been doing and hunker down waiting for the business been doing and hunker down waiting for the business and economy to come backand economy to come back
•• You can either be inactive and reactive or you can be You can either be inactive and reactive or you can be proactive, creative and innovative. proactive, creative and innovative.
•• Doing nothing strategy leads to loss of customers and Doing nothing strategy leads to loss of customers and sales. If you are not growing… you are dying!sales. If you are not growing… you are dying!
•• Have you postured yourself and your business with a Have you postured yourself and your business with a Strategy to survive and flourish now and when the Strategy to survive and flourish now and when the economy turns around!economy turns around!
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What are the What are the
RIGHT THINGSRIGHT THINGSto FOCUS on?to FOCUS on?
Successes
Brags
Issues
Brand Promise
Opportunities
Threats
ChallengesChallenges
Core Values
BHAG
Key Thrusts and Capabilities
Great Advice for Tough Markets ...Great Advice for Tough Markets ...
“It is not “It is not necessary necessary
to do to do extraordinary extraordinary things to get things to get extraordinary extraordinary
results.”results.”World famous investorWorld’s 2nd wealthiest man$48 Billion net worth
The Economic Facts… without the data!The Economic Facts… without the data!
•• Markets have not disappeared completelyMarkets have not disappeared completely
•• Some markets have decreasedSome markets have decreased
•• Some markets are still growingSome markets are still growing
•• Some markets are contrarianSome markets are contrarian
•• Outsourced/Leveraged service providers are hot Outsourced/Leveraged service providers are hot
•• Waiting for the economy makes no sense and is fatalWaiting for the economy makes no sense and is fatal
•• Many of your competitors will failMany of your competitors will fail
•• You must fight harder for your fair and unfair shares… You must fight harder for your fair and unfair shares…
•• Investing in your business is not an optionInvesting in your business is not an option
•• The economy has always cycled back… The economy has always cycled back…
22 Great Strategies for Recessionary Markets22 Great Strategies for Recessionary Markets
1. Market both efficiently and effectively 1. Market both efficiently and effectively
22-- Invest in Training or LearningInvest in Training or Learning
33-- Evaluate Your Team and Maximize Performance Evaluate Your Team and Maximize Performance
44-- Communicate Now More than ever Communicate Now More than ever
55-- Quarterly/Monthly Plan for your business successQuarterly/Monthly Plan for your business success
66-- Follow up with existing customers Follow up with existing customers
77-- Network and Build Powerful Relationships Network and Build Powerful Relationships
88-- Strong leadership and great attitude is extremely important Strong leadership and great attitude is extremely important
99-- Daily/Weekly/Monthly/Quarterly KPI & Business ReviewsDaily/Weekly/Monthly/Quarterly KPI & Business Reviews
1010-- Manage Cash Flow/Cash GapManage Cash Flow/Cash Gap
22 Great Strategies for Recessionary Markets22 Great Strategies for Recessionary Markets
1111-- CoCo--market with complimentary companies market with complimentary companies
1212-- Seek Seek Referrals from clients and alliancesReferrals from clients and alliances..
1313-- Develop Customer Retention ProgramsDevelop Customer Retention Programs
1414-- Create lighter versions/entry services/productsCreate lighter versions/entry services/products
1515-- Leverage the internetLeverage the internet
1616-- Build innovation into all business processes Build innovation into all business processes
1717-- Clearly differentiate vs. key competitors Clearly differentiate vs. key competitors
1818-- Add complementary products/services or Add complementary products/services or expand geographicallyexpand geographically
2020-- Trim the fat/Eliminate nonTrim the fat/Eliminate non--producing assetsproducing assets
1919-- Build faster sales cyclesBuild faster sales cycles
2121-- Focus on and Work on the Critical DriversFocus on and Work on the Critical Drivers
2222-- Hold sacred life/work balanceHold sacred life/work balance
“No matter how tough you No matter how tough you think you are, you can’t do think you are, you can’t do this on your own…”this on your own…”Tiger Woods Tiger Woods -- discussing the value of his Coach and Advisory Teamdiscussing the value of his Coach and Advisory Team
“No matter how tough you No matter how tough you think you are, you can’t do think you are, you can’t do this on your own…”this on your own…”Tiger Woods Tiger Woods -- discussing the value of his Coach and Advisory Teamdiscussing the value of his Coach and Advisory Team
Leveraging Key Relationships
Leveraging Key Relationships
• Your Coach• Trusted Advisors• Board of Directors• Informal Networks• Strategic Partnerships/Alliances• Entrepreneurs• Key Vendors• Top Clients• Community Leaders• Learning Organizations
The Long-term Business Landscape Has Forever Changed…
• Redefined Competitive Markets• Accounting and Finance• Business Financing• In-house vs. Out-source• Effectiveness and Efficiency• Planning, Planning, Planning… Execution…Testing and Measuring• Rate of Change…• Unique Selling Proposition• Leverage• Customer Experience• Innovation/Creativity• Leadership• Employee Performance/Contribution• Learning/Training/Growing/Thinking Organizations
2009 Fast Company’s World’s Most Innovative
Companies1. Team Obama2. Google3. HULU4. Apple5. Cisco6. Intel7. Pure Digital Technologies8. WuXi PharmaTech9. Amazon10. Ideo
Innovation as measured on: promising, enlightened, powerful, entertaining, execution, creativity that will redefine our future and point the way to a better tomorrow
“What’s dangerous is to not evolve as a company”
Jeff Bezos, Amazon
What do truly great businesses do in any economy?
2008 Inc. 500 Fastest Growing Companies
1. Senior Whole Health (Healthcare)2. Eliason Inc. (Real Estate)3. Snack Factory (Food/Bev)4. Torres advanced Enterprise Solutions (Govt Serv)5. Group Gemstone (Real Estate)6. Just Like Sugar (Food/Bev)7. Greenline Industries (Energy)8. Zorch (Web)9. Harley Stanfield (Real Estate)10. Amir Amirfar and Asoc. (Arch/Eng)
Influence – Trends – Relevant – Hardworking- PassionEgo-cide- Innovative –Niche – Cutting Edge- InnovativeFocus – Incensed – Urgency – Speed – Focus
“ Whatever it takes”
2009 Fortune Best Companies To Work For
1. Net Ap
2. Edward Jones
3. Boston Consulting
4. Google
5. Wegmans Food Markets
6. Cisco
7. Genetech
8. Methodist Hospital
9. Goldman Sachs
10. Nugget Market
Culture – Values – Learning – Fun – Training – Team
Creative – Innovative – Great Perks/Benefits
So, what has to change in you and your business?
Quoting E. James Quoting E. James RohnRohn ......
•• “Never wish your life were “Never wish your life were easier ... Wish that YOU were easier ... Wish that YOU were better…”better…”
•• “Work harder on yourself “Work harder on yourself than you do on your job …”than you do on your job …”
“Where you’ll be in 5 Where you’ll be in 5 years will depend on the years will depend on the books you read, the books you read, the people you associate with people you associate with AND AND the the Actions you Actions you take…”take…”
“Where you’ll be in 5 Where you’ll be in 5 years will depend on the years will depend on the books you read, the books you read, the people you associate with people you associate with AND AND the the Actions you Actions you take…”take…”
Brad SugarsBrad SugarsFounder Founder ACTIONACTIONCOACHCOACH
Thank You !!
Questions ?????
Group Coaching Opportunity
•Group Coaching Webinar •D Flynn-White & Adrienne Simpson•Business & Industry Specific Coaching•If acted upon by July 5th
•$100 off the participation price
•Watch your email for more information