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	<title>Geared For Profit &#187; small business</title>
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	<link>http://gearedforprofit.bluepower.net.au</link>
	<description>gearing up your company for profit</description>
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		<title>The velocity of business</title>
		<link>http://gearedforprofit.bluepower.net.au/the-velocity-of-business/111</link>
		<comments>http://gearedforprofit.bluepower.net.au/the-velocity-of-business/111#comments</comments>
		<pubDate>Mon, 02 Feb 2009 04:06:18 +0000</pubDate>
		<dc:creator>Scott Farrell</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Charles Kovess]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[Michael Hewitt-Gleeson]]></category>
		<category><![CDATA[planning]]></category>
		<category><![CDATA[profit]]></category>
		<category><![CDATA[small business]]></category>
		<category><![CDATA[strategy]]></category>
		<category><![CDATA[velocity]]></category>

		<guid isPermaLink="false">http://gearedforprofit.bluepower.net.au/?p=111</guid>
		<description><![CDATA[You need to make profit, and plan for growth. But how quickly you can achieve profit is paramount.]]></description>
			<content:encoded><![CDATA[<p>Its important to not only achieve profit, its the time period in which you can achieve it in.</p>
<p>For small business &#8211; this doesn&#8217;t seem obvious at first.</p>
<p>You need to become successful and profitable NOW, not next year, and definately not &#8216;one-day&#8217;.</p>
<p>You need to make the hard decisions, make the big changes, and have your success now.</p>
<p>If you wait, and go slow, your life will dribble away, and your business will just be wasting your time.</p>
<p>So when you are planning &#8211; move the horizon to something closer, make it immediate.</p>
<p>A lot of this depends on the owner of the business to implement, and its the old &#8220;work in the business, versus working on the business&#8217;. I think you need 30%-60% of your time spent working &#8216;on the business&#8217; &#8211; being planning strategy, marketing, and working with partners etc.</p>
<p>If you are a public company, you have shareholders demanding profit this year, so generally there is a mandate to get things done. If you are privately owned, you can just wonder around, with little or no growth if you don&#8217;t get stuck into the changes now.</p>
<p>Google talks about <a href="http://googleenterprise.blogspot.com/2007/11/velocity-of-business.html">velocity of business</a>.</p>
<p style="padding-left: 30px;">If its worth doing, is worth planning,<br />
if its worth planning its worth doing,<br />
if its worth doing its worth doing NOW.</p>
<p>Bring those plans sooner and faster. Bring the profit NOW.</p>
<p>In order to achieve sooner and faster you need:<br />
- time &#8211; reorganise your time to work <em>on</em> the business (see above)<br />
- skills &#8211; for planning growth, marketing, branding, sales &#8211; perhaps outsource some of this<br />
- motivation / inspiration</p>
<p>If you need motivation / inspiration, read these :</p>
<p>Think Big &#8211; Donald Trump</p>
<p>Think 10x &#8211; Michael Hewitt-Gleeson</p>
<p>Be passionate &#8211; Charles Kovess</p>
<p>Two of these guys above I wrote about <a href="http://gearedforprofit.bluepower.net.au/ceo-institute-presentation-6">here</a></p>
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		<title>Worst Ever Small Business</title>
		<link>http://gearedforprofit.bluepower.net.au/worst-ever-small-business/42</link>
		<comments>http://gearedforprofit.bluepower.net.au/worst-ever-small-business/42#comments</comments>
		<pubDate>Tue, 27 Jan 2009 05:33:41 +0000</pubDate>
		<dc:creator>Scott Farrell</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[differentiation]]></category>
		<category><![CDATA[Seth Godin]]></category>
		<category><![CDATA[small business]]></category>

		<guid isPermaLink="false">http://gearedforprofit.bluepower.net.au/?p=42</guid>
		<description><![CDATA[Did you start your small business after leaving a corporate job? or from a Hobby?
That is a recipe for wasting your time.]]></description>
			<content:encoded><![CDATA[<p>Did you start a small business in a field where you have corporate experience ?</p>
<p>Did you start a small business on the back of a hobby ?</p>
<p>Where is your business plan, and more importantly business model ?</p>
<p>If you setup a small business that is similar to other competitors &#8211; you are dead !</p>
<p>How are you going to do signficantly better in order to compete ?</p>
<p>You need to be remarkable (<a href="http://sethgodin.typepad.com/seths_blog/2007/01/how_to_be_remar.html">Seth Godin on remarkable</a>) , and Seth&#8217;s book (<a href="http://gearedforprofit.bluepower.net.au/free-prize-inside-by-seth-godin-9">Free Prize Inside</a>).</p>
<p>I see a few people advocating &#8216;learn your craft&#8217; &#8211; and whilst being knowledgeable is good, I think its very DANGEROUS.<br />
- Christopher says in <a href="http://christophermingryan.typepad.com/thewaywewatch/2008/12/10-secrets-to-becomming-great.html">10 secrets for 10 years</a> &#8211; but again &#8211; I think a lot of his thoughts take you perilously too close to competing head-to-head<br />
- this is also echoed by <a href="http://entertainment.timesonline.co.uk/tol/arts_and_entertainment/stage/article5188315.ece" target="_blank">Malcolm Gladwe</a><a href="http://entertainment.timesonline.co.uk/tol/arts_and_entertainment/stage/article5188315.ece" target="_blank">ll</a><br />
- the worst advice I have ever heard &#8211; is to be a &#8216;challenger brand&#8217; &#8211; which means you are competing head-to-head</p>
<p>Don&#8217;t start a business the same as someone else &#8230;.. life is just too short to spend competing doing the same thing as someone else.</p>
<p>Do you have the worst ever small business ?</p>
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		<item>
		<title>Start here</title>
		<link>http://gearedforprofit.bluepower.net.au/start-here/3</link>
		<comments>http://gearedforprofit.bluepower.net.au/start-here/3#comments</comments>
		<pubDate>Thu, 22 Jan 2009 12:14:58 +0000</pubDate>
		<dc:creator>Scott Farrell</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[innovation]]></category>
		<category><![CDATA[profit]]></category>
		<category><![CDATA[small business]]></category>

		<guid isPermaLink="false">http://gearedforprofit.bluepower.net.au/?p=3</guid>
		<description><![CDATA[Your journey to Profit starts here.
Find out what you will find out - inspiration and learning through experience and books.]]></description>
			<content:encoded><![CDATA[<p>You will make more profit from your business through knowledge, ideas and discovery.</p>
<p>You will find inspiration, gather learning, and derive more profit for your company.</p>
<p>Armed with knowledge you will have killer weapons to deliver innovation and change for your business.</p>
<p>You will learn to turn the mundane into success.</p>
<p>You will see opportunity instead of obstacles.</p>
<p>See through my eyes &#8211; the experiences of my small business&#8217;s.</p>
<p>You&#8217;ll learn from snipets of my own reading. I read lots of management and marketing, books/magazines/blogs. You&#8217;ll get an abridged version, and references to read more.</p>
<p>I hope to setup a forum service, that will allow to post details about your business, and allow me and others to colloborate on your business.</p>
<p>You&#8217;ll either already own your own business, or thinking about starting out. You&#8217;ll find references and material for both</p>
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