The Sales Coach eNewsletter

August 3, 2005 Issue No. 60

You are receiving this Newsletter because you or someone using your email address subscribed online to this Newsletter or you gave us permission to subscribe you.
If you would like to be unsubscribed, please click on the unsubscribe link at the bottom.

EVENTS & FUNCTIONS

Click below to read more

Brisbane ABN Evening with Entrepreneurs Networking - August 10th

Do you know the:
6 Sins, 4 Truths & 1 Maxim for Marketing?
 
If you don't, then our next Teleconference is on Wednesday 7th September, book in now by clicking on the link above.


FEATURE ARTICLE

 

Do you know the best
Exit Strategy?



Other Services offered by Sales Champions and our national network of Coaches?

1.  Sales Training
Click here to read more
2. There are
Biz Builder
Programmes for other industry sectors
3. You can get a 
Do It Yourself
Recruitment
Programme

4. How about the new Field Rep Sales Program?

5.  DiSC Behavioural Profiling for understanding self and others

6.  Small Biz Marketing Websites

7.  FORM & FAME Programs for Franchisors and Franchisees


Best People D-I-Y Recruitment Program +
2 other fantastic programs

If you want to sell more, get more referrals or hire better salespeople, click below:

3 for 2 Program Offer!  

Save $149 by taking the 3 Programs for the price of 2
.


Feeling stressed?

 

Or have any other issues you'd like to deal with?

       

  • Addictions

  • Anxiety

  • Career planning & employment issues

  • Confidence

  • Depression

  • Eating and weight control problems

  • Getting over a broken relationship

  • Loss and Grief

  • Pain management and relief

  • Phobias (flying, snakes, bees etc.)

  • Posttraumatic Stress Disorder (PTSD)

  • Relationship issues

  • Resolving and letting go of trauma

  • Self-sabotage patterns

  • Self-worth and self-esteem

  • Sexual abuse

  • Social Phobia

  • Sports performance enhancement

  • Stress management

  • Recovery times for health issues

  • Resolving anything that has blocked you from being your best!

  • Workplace stress

 

Call Narelle Stratford

on (61) (7) 3255 0739

or 61 (0) 412 251 196

Get your Free Reports at www.livelife2themax.com.au and monthly Live it Up eNews.


Business Consultant's Opportunity!

We need more
Business Consultants around Australia
New Zealand and in English speaking countries to deliver
Sales Champions' programmes (Click Here)

Please if you know of a Business Consultant or Sales Coach ask them to Contact Us, right now! 

Thanks for your help.



 

Hi there 

We've had another busy month with seminars, training and teleconferences, and importantly, attending the Griffith University Mentors and Mentees breakfast with our respective mentees.

Mentoring provides wonderful opportunities that benefit both parties with knowledge, enthusiasm and satisfaction being special components.

Some fantastic news!  We are very pleased to announce that we have formed an alliance with Franchise Central as their preferred supplier of business and sales coaching to their clients. There will be a Franchise Expo this Friday, Saturday and Sunday in Brisbane at the Brisbane Convention and Exhibition Centre, and you can meet Nick and his team from Franchise Central, as well as Dennis and myself when you pop in and check out franchising opportunities.

We have developed specific programs to assist Franchisees and Franchisors so read more about that here.

This month's article focuses on the opportunities that your business provides, and where you want to take your business, from a different angle. 

Enjoy and learn.  Warm regards,

Narelle and Dennis 


"The 4 Exit Strategies for getting the best return for the blood, sweat and tears you put into your business"

 

If you’re running a successful business now and you've been wondering how to get the best return for your business, you probably want to know what options you've got.

 

In the main, if you are going to extract the most value from your business, you've got 4 ways to achieve that.

 

The 4 Ways to Get the Best Return for your Blood, Sweat and Tears

  1. SELL YOUR BUSINESS

    This is a great way to extract the value from your business, provided you don't wish to be involved any longer.

    You've built it up and now you just want to get out, right?

    Pros

    Your involvement is over and you can do other things with your cash and your time

    You receive a return that reflects the value of your business at that time

    Cons

    You don't have any involvement in your "baby" any longer - this can be hard for many business owners

    You may not extract the full value you believe your business is worth, because buyers may not value the intellectual property or goodwill, as highly as you do.

  2. DUPLICATE YOUR BUSINESS WITH MANAGERS

    Pros

    You can expand the business, either with the opening of other stores that require  a manager, or by delegating responsibility to managers.

    You receive the highest return from future cash flows because you are only paying salaries, not percentage of business.

    CONS

    Employees rarely perform as well as owners, so you have to factor in a lot more time, and resources to manage the managers.

    You have to fund the expansion either from your own financial resources or other sources, which may place a strain on your financial position (and potentially your relationships!)

  3. BRING IN PARTNERS

    Pros

    You can expand the business because partners will bring capital in return for equity.

    Partners may bring increased support, motivation and skills as well as increased business prospects because of their contacts, networks and experience.

    Cons

    You have to share control and decision making. What starts out as a honeymoon can turn into a dysfunctional marriage.

    You have legal and contractual obligations to partners that may be difficult and costly to change or get out of should the relationships break down.

  4. FRANCHISE

    Pros

    You can expand the business because Franchisees will bring capital in return for their Franchise.

    You maintain control of your business.

    You receive a share of franchisee turnover, plus gain from the duplication of turnover.

    You are forced to systemise your business which will increase your revenues and profits from every franchisee.

    You get business owners with "skin on the table" (i.e. their own money in the business), so their commitment is much higher than employees.

    You get many "ideas generators" because your Franchises will always be looking for ways to improve their businesses, and by extension, yours. 

    Cons

    You have to concede some decision making and control because your Franchisees are a form of a "partnership model" in your business.

    You have legal, contractual and compliance obligations to franchisees that you must meet (which may assist the strength of your business anyway.)

So which of those 4 options sound best to you?

 

Well, we're biased ( we admit that), so if you're already on the way to developing the systems that make your business a franchising success then we'd recommend you have a chat with Nick James of Franchise Central.

 

Call Nick on 1300 558 278 and make sure you mention that Dennis and Narelle from Sales Champions sent you.  He will offer you a Complimentary Franchise Feasibility Consultation (valued at $850), to help you decide whether franchising is for you.

Franchise Central's Website

Rate this article, does it get the

thumbs up.jpg

 


Want some help getting your business where you want it to be?
Read how the Biz Builder Programme can help you by clicking here.  Then book your 1 hour Complimentary Session (valued at $295)
with a Sales Champions Coach by clicking here.


Advice from "Master" the Tabby kitten:

"Stay focussed on the job at hand and exercise an iron will.  
It works on humans every time!"


Australian Businesswomen's Network

EVENING WITH ENTREPRENEURS 

 

Brisbane – 10th August, 2005

Our next event ‘An Evening with Entrepreneurs’, showcases three successful businesswomen who share their success strategies with you.

Our inspiring speakers for the night:

Annette Sym from Symply Too Good Cookbook and TV fame, Ivanka Belic who has magic children's clothing, and Suzanne Chrisholm of Chocolate to Die For!  

With that line-up to inform and educate you, plus fantastic door prizes, what are you waiting for?

And remember, Sydney and Melbourne have a wonderful line-up too. 

Click here for more details on this and other Upcoming Events