Podcasts Business Leadership Revealed What Are The Elements of a Successful Business?

What Are The Elements of a Successful Business?

Published: March 29, 2019, midnight

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What is the difference between a reasonably well-run business and a very successful business?’

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In any form of business, or in life when we have a structure we achieve more because we know what’s expected of us and what to aim for. John shares his Business Blue Print, a road map of what to do in your business to achieve success. It is already successful across different types of business so don’t miss out, listen in and get started now.

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KEY TAKEAWAYS

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Customer defining documents

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  • Values and beliefs are integral to how you want your business to be run and how you want to be remembered and what is true for you.
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  • Your mission statement is where you want to be and it must be tangible.
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  • The customer service charter is the promises that you are making to your customers
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Recruitment

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  • A business is only as good as its staff. Recruitment should be based on your values and beliefs so that your employees share the same values and are able to be effectively involved in the journey towards your goals and vision.
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Systems and Processes

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  • Having effective systems allows you to move out of your business. With good systems and processes, the business is able to be operational without you being there.
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Training and Development

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  • Every person\'s training and development plan must be personalised. This will promote better motivation from individuals. Understand how people learn, understand the methods of coaching and teaching people and you will get more out of people and become a better leader.
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Management

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  • Lack of management is often the weakest part of small and medium enterprises. It is vital to learn how to lead and manage your staff effectively so that your business achieves the results you want.
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Key Performance Indicators

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  • If you ain’t keeping score you’re only practising’
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  • You should have both financial and operational KPI’s. You need operational KPI’s to underpin areas such as effective performance management of your staff and to push the business forward. Financial KPI’s,  based on your targets for profit and growth, underpin your financial aspirations for the business.
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Financial management

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  • If you do not have monthly profit and loss accounts, a cash flow forecast and an up to date balance sheet you are not able to make informed financial decisions about your business.
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Leadership

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  • Good businesses have leaders. Leadership and its impact are vastly underrated. It is turning a vision into reality by engaging followers.
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  • Prospecting (Sales and Marketing)
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  • Without prospecting your business won\'t grow. You’ve got to go out there and take it from your competitors. It is a fundamental aspect of any business.
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  • The 9 modules of the business blue print are all vital and can be implemented effectively for any of type business to promote success and growth moving your business to the next level.
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BEST MOMENTS

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‘They transformed our business when we implemented them’

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‘A mission is either a success or failed’

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‘We achieved our mission so it was time for a new mission’

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‘It’s one of the main reasons we have grown our business to where it is today’

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‘When peoples values are aligned you can achieve amazing things’

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‘It massively shocks me that so many people do not have a good understanding of their finances’

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‘ This blue print has been used in different businesses occupying different industry spaces with great success’

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ABOUT THE HOST

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John Paul is a serial entrepreneur in various sectors. He owns the Castledene Group, which employs over 50 people in the North East of England, managing over 2000 properties and selling hundreds more per year. John also consults with hundreds of agents with a view to them building a business to create a life through his consulting business, Agency Consulting.

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Get in Touch: 
https://www.facebook.com/agencyconsulting/
Https://www.linkedin.com/in/john-paul-14167211/
https://twitter.com/TheLHAExpert
johnpaul@agency-consulting.co.uk

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