Step 1: Identifying Reorganisation Profitability
🔸 1.1 What changes should you make in your business, with regard to people and expenses, to improve both effectiveness and efficiency? (List 3)
Step 2: Identifying Restructuring Profitability
🔸 2.1 How could you shift more of your time and resources into the top 20% of activities that account for 80% of your profits? (List 3)
Step 3: Identifying Reinventing Profitability
🔸 3.1 Imagine your business was burned down today. What products, services, and activities would you start up again immediately? ( List 3)
🔸 3.2 What products, services, or activities would you not start up again today? (List 3)
Step 4: Identifying Reengineering Profitability
🔸 4.1 Analyze every step of your business activities. What could you simplify, outsource, eliminate, or discontinue? (List 3)
🔸 4.2. What skills, abilities, and talents do you have that have been most responsible for your successes to date? (List 2)
🔸 4.3 If you could be absolutely excellent in any one area, which one area would most help you achieve your goals? (List 1)
Step 5: Rankings of Profitability lists
🔸 5.1 Go back to your list of new 5 to 15 profitabilities that you believe will produce measurable results and rank them in the order of 1, 2, 3.
🔸 5.2 How will you determine what to work on first? What criteria will you apply? In order to determine which to work on, you must first determine your selection criteria.
Step 6: Select the top 3 Powerful Profit Opportunities
🔸 6.1 Next, go back to the list of profitability priorities and apply your criteria to each one, this will clearly determine the strength that you must work on first, second, etc.
🔸 6.2 Now, painfully circle the top 3 you will work on and rank them, 1, 2, 3.
Step 7: Develop the goals into Profit RoadMapping™ with Profit FormulaOn™ SWOT
🔸 7.1 Once you have decided on the highest priority of profit opportunities, you then need to establish realistic SMART Goals as to what you want to achieve with whom and by when. Failure to do so will result in a failed planning, because you plan to fail your business.
🔸 7.2 Once you have determined the plan, the final steps are to include your people in the context of WHO do WHAT by WHEN. List tasks and hierarchy the action steps.