Home /
Business /
Small Business
Small Business Help Through the Five Universal Funnel Laws for Businesses
By:Leanne Hoagland-Smith
Years ago Sir Isaac Newton observed “What goes up, must come down” and hence we now have the Universal Law of Gravitation. Today’s small business owners can apply similar principles to their own growth and viability through the Five Universal Funnel Laws for Businesses. “What goes in, must come out!”
Universal Funnel Law #1 – Every business needs a plan of action. A strategic plan that clearly articulates “Who does What by When” and may require the assistance of a small business consultant.
Universal Funnel Law #2 – Every business needs prospects. A marketing plan is a proven way to reach and begin to develop relationships with future clients.
Universal Funnel Law #3 – Every business must have sales. A sales plan along with a sale model or process works to convert prospects into actual sales.
Universal Funnel Law #4 – Every business needs customers or clients. A customer relationship plan further develops loyal customers and serves as a source for ongoing referrals.
Universal Funnel Law #5 – Every business demands dollars. A financial plan records the results of all activity.
These Universal Funnel Laws operate together and if you are a visually thinker, like myself, lay inside each other. Universal Funnel Law #1 is the largest funnel has it holds the other four funnels. As your business expands, so do these funnels. The questions to ask yourself are: Do I know all five universal laws? And, more importantly, do I have plans in place to maximize my daily efforts to that my actions are ultimately increasing my business dollars?
Copyright 2005(c) Leanne Hoagland-Smith, M.S.
Years ago Sir Isaac Newton observed “What goes up, must come down” and hence we now have the Universal Law of Gravitation. Today’s small business owners can apply similar principles to their own growth and viability through the Five Universal Funnel Laws for Businesses. “What goes in, must come out!”
Universal Funnel Law #1 – Every business needs a plan of action. A strategic plan that clearly articulates “Who does What by When” and may require the assistance of a small business consultant.
Universal Funnel Law #2 – Every business needs prospects. A marketing plan is a proven way to reach and begin to develop relationships with future clients.
Universal Funnel Law #3 – Every business must have sales. A sales plan along with a sale model or process works to convert prospects into actual sales.
Universal Funnel Law #4 – Every business needs customers or clients. A customer relationship plan further develops loyal customers and serves as a source for ongoing referrals.
Universal Funnel Law #5 – Every business demands dollars. A financial plan records the results of all activity.
These Universal Funnel Laws operate together and if you are a visually thinker, like myself, lay inside each other. Universal Funnel Law #1 is the largest funnel has it holds the other four funnels. As your business expands, so do these funnels. The questions to ask yourself are: Do I know all five universal laws? And, more importantly, do I have plans in place to maximize my daily efforts to that my actions are ultimately increasing my business dollars?
Copyright 2005(c) Leanne Hoagland-Smith, M.S.
Article Source: http://www.redsofts.com/articles/
Leanne Hoagland-Smith, M.S. doubles results within 30 to 180 days from individuals to businesses. If improving your results is a goal, visit www.processspecialist.com/press.htm to read how others achieved what you now dream or call 219.759.5601.
More Articles from Small Business Category:
How To Start Up A Small Business
Meeting With The Entrepreneur
Mom and Pop and Their Virtual Assistant?
Categorizing Business Plans According To Types
How To Formulate An International Business Plan
How Corporate Actions Affect Shareholders
Three Things to Consider in Finding Wholesale Watch Suppliers
Best ways in Locating Quality Wholesale Merchandise
What are Factory Closeouts?
Small Business Opportunities: How To Find Them
5 Simple Steps to Creating a 6-Figure Income From Home
Search Engine Optimization: A Business Necessity
The LLC Set-up
How to Start a Gift Basket Business
How to Start a Business in the US
|
