On Friday 23rd February we hosted our 6 steps workshop at The Marriott Hotel, in Portsmouth where we welcome businesses across Hampshire and West Sussex to learn the 6 fundamental steps to a more profitable business.
There was an array of owners in the room who all joined us because they had a desire to expand their business but didn’t know where to start.
The whole purpose of the 6 steps is to show business owners across Portsmouth and Chichester how to increase their sales and profits, free up their time and create an amazing team – Three areas of business that tend to cause the most issues for company owners.
Finding Purpose in Our 6 Steps Event
Sarah Williams, ActionCOACH Portsmouth and Chichesters leading business coach hosted the event and introduced herself to the room. With an intensive background in running in the luxury goods sector, Sarah can share her intensive background knowledge in business with owners and management teams that work with us and attend our events.
This 6 steps event aimed to help these business owners find the value in the event itself and walk away with new strategies that they can implement into their own business.
Sarah started the session by asking the question ‘What is a REAL business?’. With answers coming from all directions of the room, no one got the answer that Sarah was looking for.
A REAL business is a commercial, profitable enterprise that works without YOU.
6 Steps is a completely FREE event that has been created to show business owners how to get their business to a point where it operates without them being around 24/7.
How Your RAS Impacts You Setting Business Goals
The Reticular Activating System is a part of your brain that helps you reach your goals as it recognises things that are important to you.
When goal setting your RAS will help guide you to achieving that specific goal.
To help make things as clear as possible, you need to give your Reticular Activating System a clear path to follow, so you must write your goals and create a roadmap of how you are going to get there with a clear understanding of financial figures and a set deadline.
By setting goals with finances in mind, your brain will have a better understanding of how to get there and by having a deadline in place, you are giving yourself an end date for you to reach your goal – This will ultimately give you the motivation to reach it!
You need a starting line, a finishing line and a deadline. A tool that is recommended to help you is a Key Performance Indicator as it acts as a benchmark for your goals and allows you to measure this performance.
KPI: Key Performance Indicator
Taking Full Accountability
Being a business owner, you must know the ins and outs of your business. Sarah asked the room how much they knew and everyone said that they believe that they know pretty much everything about their businesses. However, it was quickly highlighted that the fact that these owners didn’t.
Sarah said, “Too many business owners cannot make decisions, due to a lack of information”. This is because many people do not have a clear understanding of areas of their business, such as full finances, due to services that they outsource.
It is vital that you know exactly where your business is at when making decisions and it is important that you remember that these outsourcing services work for you and should be providing you with the answers and explanations.
In regards to finances, you not only need to know your historic numbers but you also need to know how these figures will help you create your future numbers. By managing your finances clearly, your KPIs will have a better roadmap to attainability.
The Mastery of 6 Steps
To be able to achieve the next level in your business, you need to create a foundation that you can build on top of.
Mastery: Eliminate Chaos.
Niche: Predictable cash flow.
Leverage: Efficiency.
Team: Structure for growth.
Synergy: Well-oiled machine.
Results: Owners’ personal growth or new business.
Sarah concluded the whole event by extending her services to the room, if they needed further assistance in their business she could help FREE of charge in a coaching session.
Alan from Flooring & Build By a Friend said “The event was a great way to improve your company through the knowledge and information that you learn”.
We host a range of these insightful events throughout the year and our next event is taking place on the 28th March 2024, where we will help business owners across Hampshire and West Sussex to plan their next 90 days in business.
We still have tickets available, so make sure you sign up!
More About ActionCOACH Portsmouth and Chichester
ActionCOACH Portsmouth and Chichester help company owners across Hampshire and West Sussex succeed in reaching not only their business goals but also their personal.
From providing 121 business coaching to helping you discover how your team members work through DISC profiling, we have a range of services that allow businesses to excel.
If you would like to see a full list of the services that we provide, find out more here.
Contact Us Today!
If you would like to speak to one of our dedicated team members today to speak about the services that we provide or to take advantage of having a FREE business coaching session with one of the top ActionCOACH coaches, click here.
