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Name: THE AUSTRALIAN SMALL BUSINESS BLOG
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The Australian Small Business Blog has been created by Dr Greg Chapman, MBA, to provide education & support to Small Business Owners. If you would like to contribute to this blog, please email us. If you want to comment on an article, click on the speech bubble at the end of the article. If you want to see other comments, click on the hyperlinked time of post. Send a copy of the article by clicking on the envelope. Dr Greg Chapman is also the Director of Empower Business Solutions and The Australian Business Coaching Club, which provides business coaching and advice to small business owners. He is the publisher of The Small Business Achiever Dr Greg Chapman is The Business Brain Surgeon.

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Dr. Greg Chapman is
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The 5 Pillars of Guaranteed
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The 5 Pillars of Guaranteed Business Success

Monday, September 28, 2009

Making Your Business Run Without You


Most business owners waste their time doing low value work. They spend dollar time on penny jobs. Find out what brain surgeons do, and then change your business and your life.




May Your Business Be - As You Plan It.

Over to You. What do You Think? Post Your Comments Below.

Dr Greg Chapman is the Director of Empower Business Solutions and The Australian Business Coaching Club and is Australia's Leading Advisor on Emerging Businesses and provides Coaching and Consulting advice to Australian Small Business Owners in Marketing & Business Strategies Planning & Systems. He is also the author of The Five Pillars of Guaranteed Business Success.


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Tuesday, September 23, 2008

The Getting of Business Wisdom

Everyone wants to know the secret of business success. In fact there are many 'experts' out there pedaling their version of the secret to business success, but I am going to give the game away. There are no secrets, just stuff you don't know yet. The real issue for you is whether you have reached the point where you know what you don’t know. If you have, you are ready.

It reminds me when I first went skiing. I was about 20 years old and travelled to the snow with my mates. Most knew how to ski, and one even advised I should get lessons. One other of my mates had been up just once before and said you don't need lessons and he would come down the beginners slope with me for the first time. Talk about the blind leading the blind!

When we got to the top of the slope, I looked around and there were little kids whizzing around on skis, and being a young guy, I knew then, I didn’t need lessons. After all, all I needed to do, was point the skis downhill, wiggle my backside a bit, and I would look like those Olympic skiers whizzing through the flags. In fact I was embarrassed even to be on the beginners’ slopes where there were speed restrictions which were sure to cramp my style. I figured, I will just get to the bottom in five minutes, and then be up with the rest of my mates in a half hour or so.

Then I pointed my skis downhill. I hardly moved at first as it was so flat, but the speed started to pick up. Then I learnt the first thing I didn’t know. I didn’t know how to stop! I started to panic as I headed towards another skier, getting faster all the time. Then I figured out the second thing I didn’t know. I didn’t know how to turn.

So I tried twisting my skis with my body, and had my first fall. Then I worked out the next thing I didn’t know, which was how to get up with one ski off, and my other ski pointing up my nose. All this in about 60 seconds. At this stage the only thing damaged was my dignity.

I was determined to make it down the slope, so with a bit of advice and help from passersby, I was able to get to my feet and after about five minutes get my other ski back on to continue the descent. The next hour or so was spent repeating the experience again and again, 20 meters at a time, re-enforcing in my mind, all the things I didn’t know, but by now the falls were starting to hurt.

Each time I got up, I saw my 'more experienced' mate a little further down the slope picking himself up. I realized, although within shouting distance, I really didn’t want his advice!

By the time I got down the slope, I knew what I didn't know and had the bruises to show for it.

I decided to pay for a lesson. Even that was somewhat humiliating. At 20, I was the oldest in the class. The next oldest was about 10! And don’t get me started about the attitude of the sneering French ski instructor about the same age as me. However, I was committed to this. I decided, this was something I wanted to be good at and I was going to do it properly, rather than stumble around like my mate, who was trying to save money (we were students), and like all young men, too proud to ask for assistance.

The difference it made was remarkable. I learnt that there was an easier way, which was not obvious to a beginner. You could watch the experts all day. They made it look so simple, but until someone actually broke what they did into little steps, they might as well have been flying.

After the first lesson, I was better than my mate. Then I did more lessons, and very soon I was really enjoying the experience and become pretty confident. My mate, on the other hand, who still hadn't taken any lessons, having seen how well I was doing, started asking me for advice.

My advice was to take lessons!

The same applies in business. We all spend too far too long absorbing the bruises, and assume that the next time we do what we did before, the result will somehow be different.

We do try new things, and sometimes they work, but we don’t know why they work, or how to improve them some more.

You know there are answers as you see others doing well. Did you know, anyone doing well has received advice and assistance at some point? They may have had a mentor. They may have done a course, or even hired a coach.

Have you ever heard of a swimmer making it to the Olympics without a coach? Natural ability is not enough.

Yes I know education has a cost, but it is a whole lot cheaper than the school of trial and error. How many bruises are you prepared to take?

If you have been in business a while, you know what you don’t know. Here’s what you should do.

1. Write down the 3 biggest issues you face.

2. Work out how much this is costing you. Have a look at a similar, but more successful business. If you could wave a magic wand, and these problems were fixed, would you be able to make more money? Would you be able to take off more time? How much is that worth to you?

3. Work out how much would you be prepared to invest in time (and yes money- there is no such thing as a free lunch) to fix these problems. Note, if you are not prepared to invest any effort in fixing these problems, it must mean you are happy the way things are, or else why would you tolerate these problems?

4. Work out when you are going to do something about it.

When I go down that same beginners’ slope today, it now just takes me a few minutes, but I could be quicker, if I didn’t have to spend time trying to avoid the erratic movements of beginner skiers too proud or cheap to take lessons.

The definition of insanity is:

Doing the same thing over and over, and expecting something different to happen.

May Your Business Be – As You Plan It!

Dr Greg Chapman

Over to You. What do You Think? Post Your Comments Below.

Dr Greg Chapman is the Director of Empower Business Solutions and The Australian Business Coaching Club and is Australia's Leading Advisor on Emerging Businesses and provides Coaching and Consulting advice to Australian Small Business Owners in Marketing & Business Strategies Planning & Systems. He is also the author of The Five Pillars of Guaranteed Business Success.

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Saturday, May 31, 2008

Working Smarter, Not Harder



The idea of working smarter not harder is a mantra most businesses owners understand even if they don’t actually follow it. Small Business owners often believe that big organisations have this nailed. However, after an interesting time in politics this week, you can see that our prime minister has not got this nailed.

I don’t care what your politics are, no-one would disagree our prime minister works extremely hard. He also has a hard earned reputation as a micro-manager and a control freak. He appears very busy, but is he affective?

When you run a business as big as the country, you can’t do it on your own. However, the way it is currently run, all decisions are being made by Mr Rudd and his office. His ministers are being over-ruled and the advice of their departments ignored. Now the peasants are revolting!

How long can he expect them to work the way he does if he doesn’t value their input and expertise. Where this will end is the staff (the public servants) will go through the motions, doing just enough to keep their jobs, knowing that he will in the end change whatever they suggest and do it his way. Why would you put in extra effort if it is not valued and recognised. Note, in small business ‘staff’ also applies to your contractors and suppliers.

When a business owner, or even Mr Rudd, have a bad week like this, their response is usually to resolve to work harder. This ultimately ends up driving away their staff and destroying themselves. Do you really believe becoming more productive at being ineffective will improve your business? Does any of this resonate for your business?

So what should Mr Rudd do? Well he could learn how to work smarter by attending my

Get Your Business Into Gear This Financial Year – Business Owners Retreat

although I don’t think there will be enough seating for his retinue. Alternatively, here are a few steps he should take:

1. Step Back! Review where you are going so you can prioritise. Otherwise you will spend your time reacting to every event that could be handled by others. You will become a firefighter, rather than leaving your staff to fight the fires so you have more time to look at ways to stop them starting in the first place. By fighting them yourself, you will have implicitly told your staff that you don’t trust them, and think they are incompetent. If you really believe that is true, replace them, although most times, the fault lies with you.

2. Share your vision with your staff and align their personal goals with your business objectives. Remember, they will not be as driven as you because you get most of the recognition and rewards. Wherever possible share these with your staff. Don’t hog the limelight.

3. Clearly define their roles, responsibilities and authority and let them do their jobs. You can’t control everything. If you continually intervene, your staff will believe that this is not their role, no matter what you say and you will always have to do their jobs for them.

4. Manage your business by reports. This gives you time to work on strategy. You can use the reports to monitor performance.

5. Regularly review your progress and when the facts change, don’t be afraid to review your objectives. (Unfortunately this rarely happens in politics as they tend to lock themselves into ideological, as opposed rational positions. Don’t let this happen to you as a business owner.)

It is often easier to see what others are doing wrong and the impact that it has on them. Learn from them and if you want help working smarter, please find our more about my Business Owners Retreat, and how 2 business owners Doubled their business in a year!

May Your Business Be As You Plan It!

Dr Greg Chapman

Over to You. What do You Think? Post Your Comments Below.

Dr Greg Chapman is the Director of Empower Business Solutions and The Australian Business Coaching Club and is Australia's Leading Advisor on Emerging Businesses and provides Coaching and Consulting advice to Australian Small Business Owners in Marketing & Business Strategies Planning & Systems. He is also the author of The Five Pillars of Guaranteed Business Success.



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Thursday, April 17, 2008

Get Your Business Organised



Is this your business? You start your day with the best intentions- to complete an outstanding project which will improve your business. Then when you get into your office, you check your emails. Then you catch up on some paperwork and organising some orders that didn’t get sent out last night.

One of the emails is a complaint which you have to fix. Then a supplier calls to say there will be a delay in your order. Then phone starts to ring with everything from sales people to customer queries. Before you know it is lunch time, but of course you don’t stop for lunch. In the afternoon, it is more of the same- dealing with customers, following up on staff questions, and fixing problems. By the end of the day, you are exhausted. You know you have been busy, but is has been another Groundhog Day, and tomorrow you will do it all again, and if you have time, you might get onto that project.

This is a classic example of an owner working in their business. Everything they do is reactive. They can never get ahead of the game- just a hamster in a wheel going round and round, but getting nowhere. Unless you can find time to work on your business, this will be your fate.

OK, you know all that but how do you break the cycle?

The first step is to recognise that this is your situation. Diagnosis is the first step to cure! Next is to acknowledge that nothing will change unless You are prepared to change. Then you need to work out what outcome you are prepared to commit to for your business – an outcome for which you are prepared to make sacrifices in either time, money or effort – there is no such thing as a free lunch!

Subscribers to the Small Business Achiever - Business Owner Brief learned in Issue 102 the 9 steps that they should take to organise their business. Steps such as working out where they should be spending their time and strategies that will actually create time so they can work on their business.

In the Small Business Achiever - Business Owner Brief all the steps are revealed. Nothing is left out in the turnkey briefs designed for the busy business owner.

Get step-by-step advice that will improve your business every month.

May Your Business be as You Plan It!

Dr Greg Chapman

Over to You. What do You Think? Post Your Comments Below.

Dr Greg Chapman is the Director of Empower Business Solutions and The Australian Business Coaching Club and is Australia's Leading Advisor on Emerging Businesses and provides Coaching and Consulting advice to Australian Small Business Owners in Marketing & Business Strategies Planning & Systems. He is also the author of The Five Pillars of Guaranteed Business Success.


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Tuesday, March 11, 2008

Why You Should Increase Your Prices & Why Most Owners Won’t



Before I answer this, try answering the following question:

Why are You in Business?

People give all sorts of reasons. Often they refer to some higher purpose, such as helping people in some way or providing for some personal lifestyle needs. This is all very well and good, but all these objectives will be compromised if the one overriding purpose of any business is not met- that is to make a profit!

Why is making a profit so important? If you are not making a profit, you are just breaking even, or more likely, making a loss. (Even when owners believe they are making a profit, they often aren’t as they have not considered the sustainability of their business.)

If your business is losing money, your energies and resources for any other purpose will be drained. You can’t continue helping people if you are going out of business. Likewise, if your lifestyle business is making a loss, it won’t be a very happy lifestyle. So if your business is unprofitable, the chances are very small that you will achieve other objectives through your business.

So let’s agree that making a profit is the prime purpose of your business. What then are your options to make your business more profitable? You can:

1. Reduce your Costs
2. Increase your Sales

Pretty basic really. Lets look at the first – decreasing costs. This is a limited strategy as at some point, you will compromise your sales. Whereas, increasing your sales is a no limit strategy.
There are five strategies you can use to increase your sales. These are the Five Turnover Drivers:

• Increasing Enquiries
• Increasing Conversions to Sales
• Increasing the Average Value per Sale
• Increasing the Number of Times Someone Buys from You, and
• Increasing Your Prices

Good businesses will focus on all five turnover drivers, but the one most find hardest to implement is to increase their prices. Let’s look at why people don’t increase their prices.
When setting prices, businesses look at what their competitors are charging. If they charge too much, they know they will lose business because their competitors are cheaper. But…

Are these businesses really your competition?

Regular subscribers to the Small Business Achiever - Business Owner Brief will already know who their competitors are. (Issue 101 – Standing Out with Your Points of Difference). If the people who you are comparing yourself with are not your true competitors, why should they influence your prices?

In Issue 102 of the Small Business Achiever I explain the fundamentals of how to increase your prices so that the fear of business loss will no longer trap you in the price taker role in which most businesses languish. In fact, this strategy will transform your business!

In Issue 102 of the Small Business Achiever - Business Owner Brief find out:

The Easiest Way to Increase Your Prices

How to Start Getting Your Business Organised

Being Found on the Internet - Paid vs 'Free' Search

Get step-by-step advice that will improve your business every month.

May Your Business be as You Plan It!

Dr Greg Chapman

Over to You. What do You Think? Post Your Comments Below.

Dr Greg Chapman is the Director of Empower Business Solutions and The Australian Business Coaching Club and is Australia's Leading Advisor on Emerging Businesses and provides Coaching and Consulting advice to Australian Small Business Owners in Marketing & Business Strategies Planning & Systems. He is also the author of The Five Pillars of Guaranteed Business Success.


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Monday, March 03, 2008

Who Needs a Business Plan?


Everyone in business knows you have to have a Business Plan, but very few have one. Most of those who do, haven’t updated it for years. So year after year people carry on with an out-of-date, or no business plan at all. In fact, they go on so long like this, they even convince themselves they don’t need one!

So let me ask a controversial question. Why have one at all? Aren’t they just an academic exercise? Pretty much everyone who doesn’t have a formal plan says: “I have a plan, its in my head” What’s wrong with that?

If you were going on a month long tour of Europe, would you be satisfied with a plan in your head? Or would you have a daily itinerary showing how you will be getting from place to place and where you would be staying each night. Would you create a budget to work out how you would pay for all this, and how much spending money you will need for meals and other expenses. Would you have a detailed listing of your bookings?

Only when you write all this down, might you see that you have left insufficient time to travel between stopovers, or spending too long in some places and not long enough at others. Then you would re-organise your itinerary until it was right, before you confirmed all the bookings.

Even if you do all that, you know things might still go wrong- planes delayed, connections missed, overbooking, etc. So you would put a little bit of extra money aside to cover such contingencies.

Your itinerary would also be marked for certain highlights that are must sees for you - the main reason for the trip, to make sure that you don’t return home and realise that you missed an opportunity while on tour.

In business it’s the same. The more you write down your goals and plans, the more likely it is you will identify gaps in desired outcomes and capability, and the opportunities you need to find, so that you don’t miss them when they arise.

Your Goals are Your Opportunity Finders

Due to the way our brains function, you only identify the gaps and see the opportunities when you write them down. So if you don’t write down your plans, there will be flaws that you will miss while it resides in your head, and you will miss the opportunities that will transform your business.


Now, if you are like most people, you will be saying “I know I should have a plan, but it takes so long to write out a plan, and if I hire someone to do it for me, it will also be expensive.” Several years back I wrote an article called: The Real Truth about Business Plans – What the Consultants don’t tell You! It will probably make you feel a little better, but only a little!

In summary, the article says that even when people produce a plan, they never update it or look at it again because it was such a major effort to produce it, and it was not seen as tool that they would use for their business every day.

A Business Plan in One Hour

What if you could produce a Business Plan in an hour, and it could fit on a single page? Does that sound like a plan you would be prepared to invest your time in and use? You wouldn’t even have to pay someone to do it for you. Well, that is what I am about to show you how to do now.

As for just about everything in life, the 80/20 rule applies to business as well. That is, 80% of the benefit of anything comes from 20% of the effort. The remaining 20% of value coming from an additional 80%. So if you have limited resources, it makes sense to at least to do the 20%! So now I will show you how to do that 20%. You can hire a consultant to do the other 80% if you want to later.

Find out how to create a One Hour Business Plan that fits on One Page in Issue 101 of the Small Business Achiever - The Business Owner Brief

May Your Business be as You Plan It!

Dr Greg Chapman

Over to You. What do You Think? Post Your Comments Below.

Dr Greg Chapman is the Director of Empower Business Solutions and The Australian Business Coaching Club and is Australia's Leading Advisor on Emerging Businesses and provides Coaching and Consulting advice to Australian Small Business Owners in Marketing & Business Strategies Planning & Systems. He is also the author of The Five Pillars of Guaranteed Business Success.


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Monday, February 04, 2008

The Value of Knowledge


When scouring the internet for articles, what we tend to find is half answers. They say the Truth is out there, but it sure isn’t easy to find.


The power of the internet is that it is a huge resource of human knowledge, but it is very disconnected and often highly unreliable. While we may become frustrated at this, we all know it is difficult to complain to anyone, especially when we are seeking free information. While there are good resources out there, the trouble is they tend not to be tailored for your specific needs, even if you can find them.

We have a choice-

We can continue to spend time scouring the internet to find that gem that is going to transform our business, for Free!

Or

We can put our hands in our pocket to acquire information we are confident that will provide us the information we need.

While the first choice may appear lower cost, it is not if you value your time. Particularly if you can’t find the gem you were seeking. Like the people who spend their weekends with a metal detector hoping to find gold in the outback, they are depending on luck, but luck won’t help if you are in the wrong place to start looking. They could consult a geologist on the best place to look, but they would prefer to “save money” and hope for a lucky strike.

Knowledge has a value. The price you pay may be your time to find it, it could be the cost associated through the purchase of a book, a course or seminar or paying for advice from business coaches. There is still a price you pay through the school of trial and error if you “save money” by ignoring all of the previous resources. Its the cost of blind alleys and time and opportunities missed. These costs are very real.

What would it be worth to you to achieve your two year goals in one? That’s how you value knowledge.

For those who are serious, and value knowledge, there is a new resource (that is not free- but not expensive either) that will provide you many of the answers you are seeking. This resource is the Small Business Achiever where you can find, in bite sized chunks, the small business advice you are seeking. The Small Business Achiever puts the “HOW TO” into how to.

Whatever the resource you choose is, decide this year to invest in yourself and your education. Create a budget for this and put aside 5% of your turnover. This is not an expense, it is an investment which you would expect to pay dividends many times the cost.

Define your knowledge gaps and seek out advice or education to bridge them, and don’t be afraid to draw on your budget to pay for it. That is what it is there for!

May Your Business in 2008 be as You Plan It!

Dr Greg Chapman

Over to You. What do You Think? Post Your Comments Below.

Dr Greg Chapman is the Director of Empower Business Solutions and The Australian Business Coaching Club and is Australia's Leading Advisor on Emerging Businesses and provides Coaching and Consulting advice to Australian Small Business Owners in Marketing & Business Strategies Planning & Systems. He is also the author of The Five Pillars of Guaranteed Business Success.


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Friday, November 30, 2007

Small's not so beautiful


AUSTRALIAN small business, in many respects, is recognised as the backbone of the economy. According to government statistics, there are more than 1.88 million small businesses, employing 3.6 million people. Their combined capitalised worth is $4.3 trillion -- more than four times that of the Australian Securities Exchange.

Yet the statistics mask the reality that most small businesses are very small, with many being home-based, and most of these micro-businesses never manage move to the next level, if they survive beyond the first few years.

"Running a business is a challenge: it's an emotional, financial and mental merry-go-round and it has become even harder with red tape, tax and professional standards being so much more complex," says Tony Steven, chief executive of the Council of Small Business of Australia. "However, the basics remain the same."

Getting back to the basics of business is one of the key themes explored by business coach Dr Greg Chapman, in a book he has just released, The Five Pillars of Guaranteed Business Success.

Chapman, who is also a Telstra Business Awards judge, says a high percentage of businesses stay small because their owners lack the vision, passion and skills to take them ahead. "What happens to most small businesses is nothing. They just stay small," he says. "Up to 98 per cent of small businesses are effectively 'micro-stayers', trapped inside a microbubble with little prospect of escaping, because they don't know how to grow."

Chapman says there are basically five reasons why micro-businesses don't move to the next level, with a lack of vision by the owner as to where the business is going to be in the future being top of the list.

"Without any direction, you really don't have any strategy, and strategy is the lever that lifts you from where you are today to where you want to be in the future," he says.

A second key reason is a lack of passion in their business, with many owners not having the commitment to take their business to a higher level. "You need the right vision to give you the passion, the commitment to stay the course and overcome the obstacles that do appear," Chapman says.

He says another reason why businesses stay small is that they don't plan, and therefore don't have the confidence to take the risks they need to take to achieve better results.

"It's not enough to have a vision and a passion; you actually need a plan to take you there. It's the roadmap; without a plan, all you really have is a dream, and we know how often they come true."

Chapman says the fourth reason why businesses stay small is that business owners don't value their time and are often working in their business rather than on their business, by performing tasks that can be delegated or outsourced.

Lastly, Chapman says business owners who fail to invest in education are also greatly limiting their growth potential. "When you value your time, you will also understand the value of knowledge," he says. "If an owner is not willing to invest in their own education and sees that as a cost instead, they have just resigned themselves to the school of hard knocks."

If business owners don't address these key factors, Chapman says, "they will be unable to grow beyond a certain level. The owner becomes frustrated and ultimately resigned to being a micro-stayer."

He says owners need to be open and honest that they are caught in a trap. "It's as if you've got a medical problem; you've got to diagnose the problem before you can do anything about it. Business owners have to be committed to really addressing their problems and doing something about it".

Over to You. What do You Think? Post Your Comments Below.


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Tuesday, October 16, 2007

Where to Start?









When looking at your business, is it like looking at one of those houses that real estate agents love to call: “a renovator’s delight”? You know, it is basically sound structurally, but the paint is peeling, cracks are showing and the garden is a mess. It does not need a huge amount of effort, just a bit of love and attention, some elbow grease and a bit of know-how. Or is it like a sapling with shoots growing everywhere but with no clear growth direction and shallow roots?

Whatever your business looks like, when seeking to renovate or prune it into shape, the question is where to start? Should it be on your marketing or your systems, or perhaps your website or sales? The correct answer is to re-look at your goals so that every effort you make is taking your business in the direction you want it to go. Otherwise you will waste considerable time and money with unfocused strategies- scarce resources in small business. This is the difference between a light bulb and a laser beam which can cut through steel.

A systematic approach to renovating or pruning your business into shape is provided in the NEW book:

This book, which has a forward from Tony Steven, the CEO of COSBOA, the peak small business organisation in Australia, comes with a $100 of business tools, and provides an easy to understand, step-by-step approach on how to improve your business, starting with your goals, right through to systems and sales.

When you truly understand where your business is going, the job of defining a marketing strategy and putting in place systems becomes much simpler. Without this understanding, every day is a battle for survival, a hand to mouth existence. With it, every strategy you implement is about creating an unassailable position for your business in the marketplace.

Please visit Five Pillars for more information on “The Five Pillars of Guaranteed Business Success”

May Your Business be as You Plan It!

Dr Greg Chapman

Over to You. What do You Think? Post Your Comments Below.

Dr Greg Chapman is the Director of Empower Business Solutions and The Australian Business Coaching Club and is Australia's Leading Advisor on Emerging Businesses and provides Coaching and Consulting advice to Australian Small Business Owners in Marketing & Business Strategies Planning & Systems.




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Tuesday, September 25, 2007

Why Most Businesses will Stay Small










This is the Preface from “The Five Pillars of Guaranteed Business Success” by Dr Greg Chapman, to be released shortly.

While many business advisers seem to preach doom and gloom for small business survival, based on my research they do not have to be so pessimistic. While there is a high attrition rate in the first few years of a business’ life, most do survive this period. A far bigger issue for most small business is not that they fail, but that they stay small. They stay micro-businesses, or Micro-Stayers.

Being a Micro-Stayer leads to its own problems. Disenchantment, and frustration are just the start, but there is another course. There is a small group of businesses that are emerging from the Micro-Stayer cave. This book is about what these Emerging Businesses have discovered, and the steps that any Micro-Stayer can take to join them.

In the Five Pillars of Guaranteed Business Success, you will learn why most businesses stay small, and the steps you must take to avoid the Micro-Stayer fate. You will learn how to utilise each of the Five Pillars in your business to enable you to increase your profits, to make it run without you, and to turn it into a saleable asset.

There is, however, one step between the business know-how contained within this book, and success. So The Five Pillars of Guaranteed Business Success also reveals what stops most business owners applying this knowledge, and how you can overcome this major obstacle.

The steps contained within this book have already been successfully applied by many small business owners, and I would love to hear how this book has helped you.

May Your Business be as You Planned It

Building a successful business is more complex than ever in the 21st century, the five pillars: planning, marketing, systems, motivation and discipline are built on the foundation stones outlined in this book.

Greg Chapman gives you the business owner a real insight into each of these areas and begins the realisation that you should not be your business, but rather you should let go and enable your business to grow without you.

Leadership is more than management and using his advice your business can serve you, assist you to live a better and less stressful lifestyle, after all you are the one who has taken the risks, put in the hard work and created your dream, you deserve it.

TONY STEVEN- CEO Council of Small Business of Australia

Please visit Five Pillars for more information on “The Five Pillars of Guaranteed Business Success”

May Your Business be as You Plan It!



Dr Greg Chapman

Over to You. What do You Think? Post Your Comments Below.

Dr Greg Chapman is the Director of Empower Business Solutions and The Australian Business Coaching Club and is Australia's Leading Advisor on Emerging Businesses and provides Coaching and Consulting advice to Australian Small Business Owners in Marketing & Business Strategies Planning & Systems.



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Sunday, September 09, 2007

What it Takes To Succeed in Business









This is an edited extract from “The Five Pillars of Guaranteed Business Success” by Dr Greg Chapman, to be released shortly.


Before we look at the Five Pillars of Business Success, we will take a look at what causes business failure. And it is always one or more of the following:

· No clear business objectives established
· An unachievable or inadequate profit objective
· No sales and marketing systems
· The business is run tactically (that is day-to-day)
· No staff training programs

But by implementing the Four Pillars of Business Know-How, these five reasons for failure can be eliminated. Does that guarantee success? If you implement these Four Pillars, and you are absolutely determined to succeed- the Fifth Pillar, I can guarantee you will! To succeed, you need a certain amount of knowledge, but you don’t have to be a genius. You can hire them. In fact, they are not that expensive. You also need total commitment to your vision. When the two are put together, you will be unstoppable.

In order to succeed in business, you must first understand what makes successful businesses work. Successful businesses don’t just happen by accident. It is all very deliberate. And they all share these features:

· They have a laser-like sales and profit focus
· They use systems throughout their business
· They sell products and services that people actually want

While this sounds quite soulless, ask yourself:

Why am I in business?

Whether you are a baker, builder or broker, if the answer is not:

“To make a profit”

what you own is not a business, it is a charity.

Now there is absolutely nothing at all wrong with charities, but they have different objectives to businesses. You may also strongly feel that you are in business for some higher moral purpose- to raise funds for a charity, for example. But unless your business makes a profit, you are reducing your ability to contribute to that cause while you are trying to keep your business afloat.

The next question to ask yourself is:

What Business am I in?

Your answer should be:

“The Selling Business”

Nothing happens in business until a sale is made.

Your profit will depend on four things:

· Your available market (potential customers)
· Your ability to create selling opportunities from that market
· Your marketing & sales skills
· Your ability to make profitable sales

For most businesses, there is no lack of market opportunity, but there is a lack of strategy, plan and systems.

The old saying:

Work Smarter, Not Harder

means developing skills in each of these areas which will ultimately enable you to achieve more with less effort. Like the difference between a learner swimmer thrashing around in the water, and the Olympic swimmer who seems to glide effortlessly to the finishing line leaving barely a ripple in the water. The beginner wastes all his energy in making waves. The Olympic swimmer puts all her energy into moving forward.

In an ideal world you would attack all Five Pillars together, but owners usually don’t have the time (or patience) to do that. So if you can only do one at a time, understanding which area you should tackle first is essential.


Please Contact Dr Greg Chapman at www.GregChapman.biz for more information on “The Five Pillars of Guaranteed Business Success”

May Your Business be as You Plan It!


Dr Greg Chapman

Over to You. What do You Think? Post Your Comments Below.

Dr Greg Chapman is the Director of Empower Business Solutions and The Australian Business Coaching Club and is Australia's Leading Advisor on Emerging Businesses and provides Coaching and Consulting advice to Australian Small Business Owners in Marketing & Business Strategies Planning & Systems.


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Sunday, August 26, 2007

Five Reasons Businesses Stay Small







This is an edited extract from “The Five Pillars of Guaranteed Business Success” by Dr Greg Chapman, to be released shortly.

The biggest risk for most businesses, if they survive the first year, is not whether they will fail. Most won’t. The biggest risk is that they will stay small. Whether by design or not. Recent ABS data show that 98% of micro-businesses stay that way. That is, they are Micro-Stayers.

There are a number of reasons that businesses may stay in the Micro-Stayer group. It could be a lifestyle choice. Work-Life balance is becoming more and more important to many people. It may be because they don’t have the knowledge to take their business to the next level, and become frustrated Micro-Stayers. Or they may have progressed from frustrated to resigned Micro-Stayers and have adjusted lifestyle and ambition in recognition of this.

Businesses that involuntarily stay small, the Micro-Stayers, do so for five key reasons.

1. No Vision for their business. Without a vision, it is not possible to create a plan. The business becomes directionless. Without a vision it is impossible to work out which opportunities to say yes to, and just as importantly, which ones to avoid. Owners without a vision find decision making difficult. They are fashion followers. They expend a lot of time and money trying different things then dropping them when they don’t get immediate results.

Without a vision, you cannot have a strategy. Strategy is the lever that lifts you to the next level. A strategy focuses your efforts and resources to where you will get maximum value. A Laser Beam rather than a Light Bulb. Strategy gives you the biggest Bang for your Buck. This is particularly important when you don’t have too many bucks.

2. No Passion or Commitment. Passion comes from the right vision, and creates the Commitment that will drive you to achieving your goals. If you are passionate about your business, you will be prepared to make the sacrifices in time, money and effort to achieve your goals.

Passion infects others. Your staff, your suppliers, your customers. If you have no passion for your business, why would anyone else around you? And when others believe as you do, you can turn mountains into molehills.

Commitment will drive you to persevere. Any plan will have flaws. But without commitment, you can be diverted by even the smallest obstacles to achieving your goals.

3. No Goals or Plan. On its own, vision is not enough. Your vision may be that you will be best in town, and to be the dominant player, but if you don’t set goals and plan, your vision will remain a dream, and we all know how often they come true! As you create your goals and plan, you will start identifying opportunities. Many people believe that they don’t get the opportunity, but if you don’t know what an opportunity looks like, it will pass you by.

If you continue to miss opportunities as they are presented, the chances are that your business will not grow.

Plans also create a belief in your success. If you have no plan, how can you realistically believe you can be a success? What creates belief is a great plan backed up by knowledge. If you have both of these, why wouldn’t you have the confidence that you would be successful?

4. Owners not Valuing their Time. You only have 24 hours in the day, and how you spend those hours will dictate whether you will be able to achieve your goals. It is not possible to work on your business when you are spending all your time working in it. If you are spending a lot of time doing tasks that you could pay others to do, you will never be able to grow.

But owners don’t pay others to do work because they don’t have the vision of how their business will be and the belief that their business will be a success. If you know your business will be successful, employing others to undertake work for you is just part of your plan.

5. Lack of Business Knowledge. This may be obvious, but it does not mean you have to be an expert at everything. But the fundamental business knowledge such as the concepts in this book, will enable you to seek out advice and support in those areas in which you are not expert.
When you value your time, you will also understand the value of knowledge. After all, the right kind of knowledge can greatly increase the speed at which you reach your goals. If you achieved your 2 year goals in one year, how much would that be worth to you? How much would you be prepared to invest to attain such knowledge?

Even so, people are concerned about the price of knowledge. But you can get knowledge in many ways. From buying a book. Can’t afford a book? Go to the library! Courses are fairly low cost. Individual advice is, of course, more expensive, but it is much more specific to your business and is likely to produce faster results.

If an owner is not willing to invest in their own education, and sees that as a cost instead, they have just resigned themselves to the school of hard knocks which usually extracts a far higher cost than any of the previously mentioned ways of gaining knowledge. Lack of knowledge creates a ceiling for your business.

If business owners don’t address ALL of these key factors, they are unable to grow beyond a certain level, and the owner becomes frustrated, and ultimately resigned to being a Micro-Stayer. Successfully implementing the Five Pillars will ensure that you will address all of these reasons businesses stay small.

Please Contact Dr Greg Chapman at www.GregChapman.biz for more information on “The Five Pillars of Guaranteed Business Success”

May Your Business be as You Plan It!

Dr Greg Chapman

Over to You. What do You Think? Post Your Comments Below.

Dr Greg Chapman is the Director of Empower Business Solutions and The Australian Business Coaching Club and is Australia's Leading Advisor on Emerging Businesses and provides Coaching and Consulting advice to Australian Small Business Owners in Marketing & Business Strategies Planning & Systems.

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