It didn’t all change in March 2020. Not really. The UK high street has been in the throes of a gradual revolution for decades. From the rise of ecommerce, to the birth of mobile, social commerce, and a growing emphasis on experience, change has been underway for a while. In fact for many, the pandemic has acted as a wake-up call. Digital transformation was no longer a ‘nice to have’ but a matter of survival. Necessity sparked innovation and customers are enjoying more flexibility and conveni ...
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Founder Foundations Mini-Series: CONTROL LEVELS SYSTEMIZATION 101 | Steve Simonson
Manage episode 350505296 series 2407765
Content provided by Awesomers.com. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Awesomers.com or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
According to Brian Tracy, "Your business will be successful, generating steady, predictable sales and cash flow, to the exact degree to which you develop systems that put as much of your business on autopilot as possible". Until our business control level is systematized, it exists largely in the mind of the individual who knows how to do it. As a result, it cannot be duplicated or replicated. If the person who knows how to do the job is not there, the business can eventually grind to a halt. So what does control lever means? Financial Control Levers? In this episode, Steve talks about levers in the Finance side that evolves around: 1. Margins or return on sales 2. Asset turnover and 3. Financial leverage For more Awesomers podcast episode, click https://awesomers.com/podcast If you have not subscribed to the Awesomers YouTube channel yet, press that SUBSCRIBE button https://www.youtube.com/@awesomers If you are also on SoundCloud, follow Awesomers SoundCloud by pressing that FOLLOW button https://soundcloud.com/awesomerspodcast
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Manage episode 350505296 series 2407765
Content provided by Awesomers.com. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Awesomers.com or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
According to Brian Tracy, "Your business will be successful, generating steady, predictable sales and cash flow, to the exact degree to which you develop systems that put as much of your business on autopilot as possible". Until our business control level is systematized, it exists largely in the mind of the individual who knows how to do it. As a result, it cannot be duplicated or replicated. If the person who knows how to do the job is not there, the business can eventually grind to a halt. So what does control lever means? Financial Control Levers? In this episode, Steve talks about levers in the Finance side that evolves around: 1. Margins or return on sales 2. Asset turnover and 3. Financial leverage For more Awesomers podcast episode, click https://awesomers.com/podcast If you have not subscribed to the Awesomers YouTube channel yet, press that SUBSCRIBE button https://www.youtube.com/@awesomers If you are also on SoundCloud, follow Awesomers SoundCloud by pressing that FOLLOW button https://soundcloud.com/awesomerspodcast
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It didn’t all change in March 2020. Not really. The UK high street has been in the throes of a gradual revolution for decades. From the rise of ecommerce, to the birth of mobile, social commerce, and a growing emphasis on experience, change has been underway for a while. In fact for many, the pandemic has acted as a wake-up call. Digital transformation was no longer a ‘nice to have’ but a matter of survival. Necessity sparked innovation and customers are enjoying more flexibility and conveni ...
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…
continue reading
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…
continue reading
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