flat spot
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Flat Spot: The 7 Mistakes Entrepreneurs Make that put the brakes on business growthTRANSCRIPT
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Flat Spot
The 7 Mistakes Entrepreneurs make that put the brakes on growth
T. 0845 468 0271 www.gavinpreston.com
About Gavin- Business Coach ★ Business Mentor ★ Business
Consultant ★ Business Speaker ★ Business Author
- Performance Acceleration Specialist
- Work with Business Owners and their teams accelerating their performance. I take them from plateauing performance to double digit growth
- A decade of experience of helping business leaders of companies such as HSBC, Ford Retail, Carphone Warehouse and The United Nations to raise their game
- Retained by owners of high growth SMEs to help them deliver on their growth aspirations
gavinpreston Gavin Preston
T. 0845 468 0271 www.gavinpreston.com
Current Conditions• Macro economic uncertainty
– Are we out of recession?
• Plateauing Business Performance for some
• Increased indecisiveness of customers
• Increased costs of doing business
• Customers taking longer to pay
• Pressure from the Banks
• Changing trends in customer wants
T. 0845 468 0271 www.gavinpreston.com
T. 0845 468 0271 www.gavinpreston.com
Discussion Point
What are the questions you ask most often on a day to day basis in your business?
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Flat Spot
The 7 Mistakes Entrepreneurs make that put the brakes on growth
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Mistake #1
No Purpose
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Current Question a business owner may ask:
How do we increase our sales and profit?
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Short Term Profit
Value add to Customers
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"Being the richest man in the cemetery doesn’t matter to me… Going to bed at night saying we’ve done something wonderful… that’s what matters to me."
Steve Jobs, Apple
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Mistake #2Wrong Thinking / Mindset
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Current Question a business owner may ask:
What is going wrong in this company?
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ACTIONSTHOUGHTS RESULTS
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Discussion Point
What results can you see showing up in your business as a result of unhelpful thoughts?
ACTIONSTHOUGHTS RESULTS
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Mistake #3
No Strategic Edge
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Current Question a business owner may ask:
How do we do more of the same?
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Mistake #4
Inadequate Capability
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Current Question a business owner may ask:
How do we put this fire out?
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Mistake #5
Inadequate Capacity
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Current Question a business owner may ask:
How can I find the time to do this?
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Discussion Point
- You / Your Time?-Inadequate Systems?-Insufficient Production capacity?
Where are the bottlenecks in your business?
Where have you got insufficient capacity in your business to grow?
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Mistake #6
No Embedding
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Current Question a business owner may ask:
What’s next?
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Mistake #7
No Legacy
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Current Question a business owner may ask:
Things are going well, why should I do anything else?
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“There is always another level”
Gavin Preston
T. 0845 468 0271 www.gavinpreston.com
The 7 Mistakes Entrepreneurs make that put the brakes on growth1)No Purpose2)Wrong Mindset3)No Strategic Edge4)Inadequate Capability5)Inadequate Capacity6)No Embedding7)No Legacy
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Take ActionWhat are you going to change in your business as a result of this workshop?
What is your next step to address this?
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Your Burning Business Question
Question?What is your burning business question?
Answer1st Week of every month on
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Formula Won for Business ©
P A C EMonday 3rd December
6pm – 8pm Riverside Innovation Centre
Join us for the next workshop:
The 4 Accelerators of Business Growth
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Want to grow more?
www.gavinpreston.com0845 468 [email protected]
gavinpreston
Gavin Preston