Whenever I suggest a a business owner set the goal of “Doubling Profits in 6 Months or Less” a lot of experienced entrepreneurs kinda roll their eyes and say, “Yea, right.”
I get it. . .
Doubling your profits sounds like a major, all hands on deck effort. And a market with ‘pansies’ for competitors wouldn’t hurt.
But let me give you some motivation – and proof- that it is a possible goal and you should attempt it. And that it is far easier than you think it is.
Perhaps you haven’t looked at it this way before…
Just little 10% changes at 5 key leverage points in your business will double your profits. Just pick one leverage point a month to focus on, start making small improvements and in 5 months you have doubled your profits.
Don’t believe me?
Take a look at the Breakthrough Growth Calculator below that shows the incredible impact of 5 small 10% changes on your bottom-line. And perhaps more importantly, to the value of your business.
The 5 leverage major leverage points in your business are. . .
1.The number of leads and prospects you attract
2.Your conversion rate
3.Average Sale Value
4.Repeat sales per yr. per customer or client
5.Profit margin
Let’s give each of those a 10% tweak and watch your profits multiply. Take a look.
It is truly amazing the leaps in sales, profits and growth that are possible from some very small actions.
Which small actions have you been putting off?
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