Growing Your Organisation 6th July 2010 – AFC Bournemouth Growth, what growth? “You could really uncomplicate your sales & marketing approaches by remembering that there are three, and only three, ways a business can increase sales revenue: Get existing customers to buy more and/or more often Get new customers to buy Put your prices up” From Steve Mills’ Blog D3 Employee Solutions www.d3employeesolutions.co.uk Ansoff Adapted New B D Market development strategy Business Transformation Strategy Market existing products to new clients Market new products and services to new clients Clients ? A C Product Development/ brand extension strategy Client Retention Strategy Existing Sell more to existing and exclients at same or higher prices Provide new products/services to existing clients Existing New Products & Services D3 Employee Solutions www.d3employeesolutions.co.uk D3 Employee Solutions www.d3employeesolutions.co.uk Does Business Growth = More people in the business? D3 Employee Solutions www.d3employeesolutions.co.uk Not necessarily ... Capitalise on: • Product/Service uniqueness • Perceived value • Reputation to grow sales revenue through higher prices D3 Employee Solutions www.d3employeesolutions.co.uk D3 Employee Solutions www.d3employeesolutions.co.uk A bit closer to home .... D3 Employee Solutions www.d3employeesolutions.co.uk Assuming that growth = bigger ‘operation’ ..... Growing the organisation D3 Employee Solutions www.d3employeesolutions.co.uk 1. What can you outsource? D3 Employee Solutions www.d3employeesolutions.co.uk 2. Franchise Is it just for the ‘big boys’? Even McDonald’s started as a single restaurant in 1940, opened in San Bernardino by Richard & Maurice McDonald. In 2008 it was a $23bn global business D3 Employee Solutions www.d3employeesolutions.co.uk Just to show that you can franchise almost anything! The Original The interloper? Naked Cowboy Denver @ $5000 pa D3 Employee Solutions www.d3employeesolutions.co.uk And has he heard of Ansoff??! Advertising space Personal Appearances: • Concert Weddings @ $499 • Private parties & events • Video Licensing the brand D3 Employee Solutions www.d3employeesolutions.co.uk Changes the whole nature of the business! D3 Employee Solutions www.d3employeesolutions.co.uk 3. Core Team Plus Associates Keeps costs variable Access to ‘expensive’ skilled people who like to be selfemployed Business looks ‘big’ to potential clients Issues of: • Contract • Trust • Control • Availability D3 Employee Solutions www.d3employeesolutions.co.uk 4. Hybrid Franchise/Core Team D3 Employee Solutions www.d3employeesolutions.co.uk 5. Merger and acquisition Cultural and personal ‘Fit’ Staffing issues – ICE Regulation, Pay & Benefits; TUPE D3 Employee Solutions www.d3employeesolutions.co.uk 6. Employ the team D3 Employee Solutions www.d3employeesolutions.co.uk Selection – getting the right people 1. Focus on the future - know what it is you want for now and 5 years’ time 2. Technical skill is important, but focus on Fit – with you, team, values 3. Dig deep – take nothing at face value 4. Take your time – the cost of the wrong appointment is big! 5. Make a plan to absorb the new hire 6. Get expert help 7. Get feedback - use your network D3 Employee Solutions www.d3employeesolutions.co.uk Contracts Whatever the employment model it’s essential to get the contract right D3 Employee Solutions www.d3employeesolutions.co.uk Did the FA get his contract right? D3 Employee Solutions www.d3employeesolutions.co.uk Getting the contract terms right 2007: Derivatives Trader given bonus of £150,000 under a discretionary bonus scheme. He wasn’t happy in that others got a lot more. March 08: Contract changed. Salary increase plus “You will also receive a bonus of 12% of income generated in 2008 , provided you reach the revenue threshold of €555,000. However, the bank retains the right to review or remove this formula-linked bonus arrangement at any time” July 08: Redeployed to similar role in another part of Bank. Jan 2009: Trader made redundant. Was he entitled to a bonus for 2008 or could the Bank ‘remove’ it? D3 Employee Solutions www.d3employeesolutions.co.uk Clarity about what is contractual and what isn’t D3 Employee Solutions www.d3employeesolutions.co.uk Induction Onboarding 1. Start Early – it starts with hiring 2. Knowledge & skills important but introduce them to the right network and get them to build the right relationships early on 3. Get them working on something real - get them in working mode rather than a training or student mode D3 Employee Solutions www.d3employeesolutions.co.uk Employment Rights Contract Statute & Regulations Common Law D3 Employee Solutions www.d3employeesolutions.co.uk Discrimination, Harassment, Victimisation D3 Employee Solutions www.d3employeesolutions.co.uk D3 Employee Solutions www.d3employeesolutions.co.uk www.d3employeesolutions.co.uk @JohnatD3 http://uk.linkedin.com/in/johnatd3 07834 895125 D3 Employee Solutions www.d3employeesolutions.co.uk
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