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Blueprint for Success

Ducourt Consulting, Inc.
3 de Jul de 2013
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Blueprint for Success

  1. BLUEPRINT FOR SUCCESS GUIDELINES FOR NEW BUSINESS OWNERS December 6, 2013 Created By : William Harcourt - CEO Ducourt Consulting, Inc. Copyright 2013 Ducourt Consulting, Inc. November 26, 2013 “Quicksand in a modern office building…Don’t be silly.”
  2. CONTENTS 1. Introduction 2. Objectives & Goals 3. Strategy 4. Communication 5. Empowering Your Team 6. Execution & Results 7. Making Changes 8. Sustaining Success 9. Growing Your Company 10. Selling Your Company 11. Summary 12. Contact Information “What a great day! I spent the morning burning bridges and the afternoon putting out fires!”
  3. INTRODUCTION The automobile business is one of the hallmark inventor, entrepreneur examples of trial and error and the farreaching results that can come from a fierce determination to fulfill a dream and change things for the better. The world has never been the same since Henry Ford and William C. Durant created the modern American auto industry. Modern times are best known for software, IT technology and genomics…and in America we’re just a few years away from cannabis coffee shops featuring an all robot staff. Regardless of the progress of automation and the sophistication of products, there will always be an abundance of entrepreneurs who rise to conquer on the bloody battlefields of business. These courageous people are primarily individuals and partners; husbands and wives that risk opening a small business. If you are such a person, this presentation is dedicated to you. Group Benefits “If they don’t like our proposal, I’ll show them kittens. Everybody likes kittens.”
  4. OBJECTIVES & GOALS It is not enough to simply have resources and will. Every successful business, no matter how simple, requires a detailed plan. A Business Plan is the blueprint for clear objectives. It contains goals which monitor and measure the progress of the plan's objectives. Goals must interconnect all parts of the company and support the objectives of all. Group Benefits
  5. STRATEGY Strategy is not a patent, copyright, IP, service or product; it is a battle plan to conquer and maintain the objectives and goals of the Business Plan. This begins by selecting key staff members who will assist in designing, implementing, managing and improving the performance of people, groups and divisions. An effective strategy is not too complicated. While there are many facets, the main components are easily identified by all. For the sake of this discussion I'll refer to them as inside, outside and public. The inside is the predetermined, interlocking, coordinated activity within each department and between all departments. The outside is Group distribution and marketing. The public manages the sales, image of the company in the community Benefitsmarket. and the
  6. COMMUNICATION A common mistake believes that people know what you are thinking and if they don't, that they should. Poor communication feeds a myriad of problems which are also common because most people are poor communicators. It is vitally important that upper and lower level management require clear, unified, responsible communication of themselves and from others. Spontaneous communication is anathema; unprepared communication is an embarrassment and uninformed communication is fatal. Group Benefits CEO STAFF COMMENTS “I think I speak for all of us when I say, What is God’s name are you talking about?”
  7. EMPOWERING YOUR TEAM You cannot hold people to goals if you withhold the tools and the training needed to accomplish their objectives. Many overlook this unbreakable rule resulting in high turnover, diminished morale and dismal performance; all at the hands of management. Responsible infrastructure and training is not a luxury, it is a requirement. Group Benefits “OK, I’ve shown you the ropes, given you the low down and gotten you up to speed. All that’s left is actually training you.”
  8. EXECUTION & RESULTS Anyone familiar with sports knows that winning results can sometimes be accomplished regardless of poor execution and that they can often be frustratingly lost with good execution. Successfully managing a growing company in a competitive market requires a consistent routine for real time reporting of operational facts and daily insight into the performance of the people in your company. With databases, video, web conferencing and a regimen of meetings throughout the management down line, you will witness events as they happen. Effective communication and employee empowerment creates an environment where the mandatory morning and weekly meetings are not dreaded by your teams. Group Successful execution and positive results will not rely on random chance or a few select people's Benefits performance. It will be the outcome of your company's cognitive recognition of the whole process and their part in it. This wins championships. “His memory is brilliant, of course, but he’s here for his teamwork skills.”
  9. MAKING CHANGES True or False: If we stick to our original plan all will be well. False! There is a delicate balance between overdue change and incessant change; both being traits of poor management. Change is necessary; you won't grow without it, but change must be part of a process. The circumstances are often unexpected, but they should always be welcome. Making the right changes at the right times, or the wrong ones will determine the direction of your business and Group heavily influence the outcome of your Business Plan. Benefits “I’ve seen this before: Spontaneous Combustion due to extreme resistance to change.”
  10. SUSTAINING SUCCESS Sustaining success must be a constant and consistent personal process. This means that you and your management maintain a level head at all times, especially in crisis and that you execute your duties without fail. This is vitally true when all others are failing miserably. Suffice it to say that the foundation for sustained success is a concrete mixture of personal growth from failure and the ability of owners and officers to navigate in any weather without breaking their mental, emotional and professional demeanor. Doing this wins the trust and respect of management and staff. Not doing this loses it. Group Benefits “Do you know what it takes to really succeed in this company, Miskin? Guts!.”
  11. GROWING YOUR COMPANY Growth is a reward that solid success presents. It is not a solution for poor execution and it’s a suicidal strategy for increasing lackluster sales. Solid growth is the outcome of good planning and execution and is measured in profit. Futile growth spends money, generates activity and is measured in projections and pipeline. Begin by duplicating your model in new territories that can be managed from the central location. Another opportunity for growth is the infusion of capital. This is usually accomplished with a bank loan or line of credit which is collateralized by assets, or a short-term venture or angel investment that is collateralized with stock. Group Also, introducing investment for growth Benefits same as taking personal profits. This money is for is not the growth only. Successfully utilizing short term investment capital means that you make all interest, principal and balloon payments and recover the costs from increased revenue. 0% “Our study concludes that this is the percentage of customers who will buy from us without any effort on our part. ”
  12. SELLING YOUR COMPANY Selling your company or issuing public stock is usually the crowning achievement in a fully executed Business Plan, but selling all or a portion of your company is often unforeseen. Generally, people sell to save a company, cash-out, or position the company for growth. There are investors who specialize in each scenario: Investment Bankers are best for top dollar when successful; Entrepreneurs and Competitors are best for struggling companies. Be prepared to present all of the required information including outside financials, leases, contracts, bank and tax records, R&D, patents and any litigation or government investigation. Your vision for your company is also very important and increases your personal value as a minority Group Benefits owner and/or continuing on the company’s payroll. “This is no ordinary merger, McClung, it’s a real monster!”
  13. SUMMARY This presentation draws from my personal experience and street education; characterized by success, failure and staying the course. I hope that it was helpful and humorous. Best Wishes, William Harcourt, CEO Ducourt Consulting, Inc. Group Benefits “I’m sorry Ralph, but you can’t put me out to pasture…I own the pasture. ”
  14. CONTACT William Harcourt, CEO Ducourt Consulting, Inc. 4400 S. Monaco Street Suite 821 Denver, CO 80237 610-717-7854 direct wharcourt@ducourtconsulting.com November 26, 2013 www.ducourtconsulting.com “It keeps me from looking at my phone every two seconds.”
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