7 Things An Entrepreneur Can Do to Respond to COVID19

7 tactical things that you can do right now

Apart from the very real health concerns raised by COVID19, there are very real financial and economic implications that concern business owners.

7 things business owners can do in response to COVID19

What do you when all your strategy and best-laid plans go out of the window? Strategy works when things are predictable, but in the current unprecedented situation, you need to get tactical.

This is not the time for strategy. This is time to get tactical.

If you’re a business owner or are working in a business that has been affected by the unwinding developments related to COVID-19, here are the 7 key areas you should be focussing on to safely navigate this period.

1. Manage cash-flow during COVID19

Work on maintaining cashflows. Keep a tight eye on this on a daily basis. Have weekly projections. Right now the situation is too fluid to get to grips with. Without this critical information, you are flying your plane blind.

First things first, like in a plane emergency you need to put on your oxygen mask first. Make sure that you have cash reserves to take care of your family for the next 3 to 6 months. Then do the same for your business. Identify fixed costs that are essential to keep your ‘doors open’. Next identify the variable costs and look at how you can minimise, mitigate or stop them to ease your cashflow. A penny saved is a penny earned.

2. Focus your bandwidth on Marketing, Sales and other Income Producing Activities.

It’s easy to get distracted by what’s happening around you. Your competitors are also scared and holding back on ad and marketing spends. This is the time to double down.

The question to ask and genuinely answer is how can you grow sales by 20% while decreasing costs by 40%? Asking a quality question will get you to focus on the right things.

Identify 3-5 things that can generate revenue for you. Don’t try and work on huge goals. Work on things that you can accomplish in the next day or two. Implement them and then see what’s working.

I’m setting up a virtual online marketing mastermind to help business owners generated quality leads. This is the best time to master this new skill. The world is going digital. Businesses need to go digital. You can set up a call with me to take you through the top 3 things you can do to upgrade your marketing. Click on this link to set up a strategy call with me.

Identify key measures that will help you understand if you are making progress. Is it the number of new leads, number of conversations or calls you need to have that can lead to new income.

It’s also time to cut those things that are not working.

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Why You Should Join a Mastermind?

17 Reasons Why Joining A Mastermind Group Could be the Best Thing For Your Business

A recent Forbes article says that joining a mastermind group might be the single most important thing you could do for your business. What is a Mastermind? How does a Mastermind Group work? How can a Mastermind help you accelerate the growth of your business?

What is a Mastermind Group?

“No two minds ever come together without thereby creating a third, invisible intangible force, which may be likened to a third mind.” — Napoleon Hill, Think and Grow Rich

A Mastermind Group is for business owners who want to improve their business and who are willing to put the effort in. A Mastermind Group is not a Networking Group or A Coffee Club – it is for individuals who are serious about growing their business and who have the discipline to follow through. 

Joining a Mastermind Group is also about giving back and helping others. When I first joined a Mastermind Group I was a little concerned that I would not have as much as some others to contribute to the group but it soon became clear I had skills and experience that others did not and vice versa. 

The common theme was that we were there to share and help each other and there is something quite amazing about witnessing a business problem solved by the group!

At Titan Masterminds we are on a mission to help Entrepreneurs to rapidly scale up to 10 crores of revenue and beyond. We aim to get there by helping others get to #10crores. It’s the classic Win-Win formula. Here are 17 reasons why you should join a Mastermind Group. (more…)

[VIDEO] How to Design Systems That Make Your Business Scalable

5 Steps to Design a Business That Can Grow Without You

Do you have repetitive tasks that are key to your business? Then you need to design systems so that these tasks are done with consistent quality, speed, and efficiency.

Here are 3 systems that every business should have. Design systems so that your business operates without you. The fastest way to grow your business is to systemize your business.

Here are 5 steps that will help design systems so your business can grow without you.

Every system should document the following:

  1. What needs to be done? E.g. Raise an invoice.
  2. Why is it important to get done? E.g. If we don’t raise an invoice we won’t get paid.
  3. Who needs to do it? What is the title of the person responsible for doing this job?
  4. When does the task need to be done? Each company could have its own accounting rules about when to raise an invoice.
  5. How is the task done? If some software is used then make a screen video of how the task is done. Include what are the do’s and don’t’s so that the task is done well.

The system should be stored in an online system like Evernote or Google Docs so that it is easy to share with the relevant person.

“85% of problems in business are systems problems, 15% are people problems,” according to management guru, Peter Drucker.

Why do you need systems in your business?

  1. Systems free the business owner up and make the business independent of the owner. Are you able to take 4 weeks away from your business and it still grows? If not then you need this 5 step formula to create awesome systems that make your business scalable.
  2. Systems are necessary if you want to delegate effectively. Systems help your business grow faster. They make your business more predictable.
  3. A systematic business is a valuable asset that can be sold for a huge payday someday.

So what are you going to systematize first in your business? Comment below.

[VIDEO] How To Be More Productive

How To Be More Productive Even When You Are Time Pressed

We all have 24 hours in a day, but how effectively and productively we use that 24hour is what determines our success..the best way to start your day is by doing what needs to be done and I’m here to help you to be more productive … To know more Watch my video interview with the top nutritionist, fitness and lifestyle blogger, Neha Ranglani.

Learn more about my morning ritual here.

[VIDEO] Can One Change In Your Eating Habit Make Your More Productive?

Nutrition expert, Neha Ranglani shares an awesome tip

Can One Change In Your Eating Habit Make Your More Productive? Neeraj interviews lifestyle and nutrition expert, Neha Ranglani, on a powerful way that you can eat to massively boost your productivity.

Neha Ranglani is a nutritionist, YouTuber, blogger, speaker, counselor and a plant-based food coach who believes that our body is the most miraculous machine and it exactly knows how to heal itself once you provide it with the right environment that is good food, proper sleep, exercise and mind management. she believes that our lifestyle is the biggest issue and once we tackle that, we can attain our health equilibrium.

Connect and learn more about Neha here:

http://www.neharanglani.com
❤ Facebook Page: https://www.facebook.com/NehaRanglani…
❤ Blog: http://neharanglani.com/site/
❤ Twitter: https://twitter.com/neharanglani_
❤ Instagram: https://www.instagram.com/neharanglani_
❤ Youtube: https://www.youtube.com/channel/UC4Vx…

5 Rules That Will Help Improve Your Referral Marketing Campaign

Consumer purchasing behavior has changed dramatically over the recent years. Social media has a great say in the purchasing decisions. In this era of Social media marketing, 90% of consumers trust the opinion of people they know over the band sponsored advertising. Referral marketing also known as word of mouth marketing has proven to be the best form of marketing and its popularity continues to grow.

5 RULES TO IMPROVE

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5 Traits To Make A Successful Team

What are the best teams like? This has been a question for years. Many companies have done years of the research to see what contributes to a successful team. Over the years, Google has made this attempt to understand its people. Google wanted to know why some teams excelled over the others. Before this research, the executives believed that building the best teams meant compiling the best people. Julia Rozovsky, Google’s people analytics manager says “we were dead wrong”. (more…)

5 Traits To build A successful Team

The Surprising Reason Why Piyush Lost 14 Kilos Weight While SkyRocketing His Business by 300%

[Case Study]

I have lost 14 kilos weight in the last 12 months while my business has grown by over 300%! This was a message I recently received from one of my mentoring clients, Piyush Bhatia (see the picture). More than the loss of fat he says he feels 15 years younger and feels energetic throughout the day! In fact, many of my mentees have lost anywhere from 6 to 28 kilos in a period of six to twelve months while they skyrocket their business growth! So why is it that so many of my mentees reduce their physical waistline while massively increasing their businesses bottom line? 

Piyush Bhatia

I’m not a dietician nor a personal trainer, but I’m a business mentor. Read on to find out why my mentees get simultaneously healthier while skyrocketing their business growth…
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Top 5 trends Entrepreneurs should watch out in 2018

Another year has ended and the businesses are all geared up for 2018. Thinking about the future can help entrepreneurs come up with better planning, strategies and stay in the competition. There are certain key trends that are swirling and will be significant in shaping the business models next year. (more…)

Top 5 trends Entrepreneurs should watch out in 2018