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Ex Teacher starts Selling Children's Books, but is Struggling with Sales... This Entrepreneur has left a safe job as a teacher to pursue a career selling children's books but is already facing challenges! Episode 364 is out now wherever you watch/listen to the podcast. What do you think Jo should be doing to take her business to the next level? • #dyslexia #childrensauthor #author #business

Duration: 66 sPosted : Mon, 15 Apr 2024 07:26:46

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Tried, tested and proven... We are operators of our businesses and supply lots of attractions in the UK. Around 60% of those buy from us because we put our money where our mouth is. This gives us that competitive edge because all the advice we share with our buyers is what we are actually doing and it's working. You need to think what is the prospect thinking in that back of their mind.

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The 3C's At my Executive Club dinner in March I discussed something I've been thinking heavily about recently, Cash Conversion Cycle. This is how quickly we can get our raw materials, investments, rents, staffing costs back into cash. In the full video we dived into examples of Costco, Walmart and B&Q to see how their business models are getting cash back into their businesses.

The way to win in franchising Franchising your business can be difficult and a lot of people want to de-risk themselves, but by taking the risk it allows for greater returns. An example I always like to use is McDonalds who are a landlord first and an operator second. Watch 'The Founder' on Netflix to see how Ray Kroc achieved this. What do you think about franchising?

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8 months ago

The rate of turnover tax is decentivizing business owners from wanting to grow. If you are stuck paying eye watering amounts of VAT do your research and see if there is anything that can be done for your business. The example of saving VAT from this episode shows us it is well worth investigating if it can save your business a lot of money. Do you guys experience these issues?

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