Monday, September 12, 2011

Want to Improve Your Business? Do This First

"The purpose of a business is to create and keep a customer." - Peter Drucker

Exactly right, of course.

Even with $500 million in funding ... nifty new technology ... without customers, your business dies. Just ask Solyndra.

If customers are the lifeblood of your business, then marketing -- creating and keeping customers -- is the heart of your business.

Business is marketing. Marketing is your business.

So, anything you can do to improve your marketing is a good thing.

That's why I'm writing a lot these days about Kaizen Marketing, the continuous improvement of your most valuable activity -- creating and keeping customers.

Here's the first, simple step in the Kaizen Marketing process: Discovery.

Specifically, you can't improve what you don't measure. And you can't measure what you don't know. That means you must dig into your records and discover where the money is coming from.

Do this: Open QuickBooks or call your accounting person. Get a report for the top 5 sources of revenue for your business over:
  • this quarter
  • last quarter
  • this year
  • last year and 
  • 2-5 years prior

I promise you this: No matter what you think your top 5 revenue streams are, you won't be 100% accurate.

Because Quicken, like your calendar, never lies.

But your instincts and hunches about what makes your business money are almost always fuzzy.

So make this a first step in the Kaizen Marketing process, which I will explain in the coming weeks.

Discover what your top 5 sources of revenue are. That's half the battle in improving them -- and growing your business inevitably, one small step at a time.

You'll find more ideas like these in my Free Report, Guaranteed Marketing.

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