Business Crossroads: Andrew, an osteopath with two centers, must choose between creating a lifestyle business or expanding further. He faces challenges in understanding finances and management while aiming for significant profit increases and less direct involvement in day-to-day operations.
Andrew, an osteopath with two centers earning £27,000 monthly, is at a pivotal moment in his business. He contemplates whether to develop a lifestyle business or aim for broader expansion. Facing challenges like understanding financials and team dynamics, he aims to reduce his direct involvement while increasing profits to 46k monthly. His goal is to have both clinics operate independently, focusing more on becoming an influencer in his field. However, the current revenue per employee presents difficulties, highlighting the need for strategic management. Ultimately, Andrew must decide the future direction of his business to achieve his income goals effectively without overstretching himself across multiple sites.
Reflecting on Habits: Identifying and changing habits that lead to negative outcomes is essential for personal growth and success. Reflecting on actions can help align efforts with true goals.
In business and personal development, reflecting on habits that lead to undesired results can be more effective than simply focusing on goals. For instance, understanding why one might be addicted to sugar can help create a healthier lifestyle. This approach applies to all areas, as recognizing unproductive actions, like excessive busywork without clear results, can lead to improved outcomes. By analyzing these habits, individuals can make targeted changes that align their actions with their desired achievements, whether it's in health or business. Ultimately, self-awareness plays a crucial role in achieving success and fulfillment.
Impact of Habits: Identifying and adjusting our habits can greatly impact our health and success, both in fitness and business. Consistency in activities leads to growth and better outcomes.
Habits play a crucial role in our lives, influencing our success and well-being. It's essential to identify habits that lead to unwanted results, like lack of exercise or unhealthy eating. Consistency in activities, whether in fitness or business, can significantly benefit us. Exercise, for instance, not only keeps us fit but also improves our mental function, making us think better. When we stay consistent and committed over a year, like with a podcast or fitness journey, we can expect to see growth and more opportunities arise. Understanding our habits and making necessary adjustments can foster better team dynamics and enhance our personal and professional effectiveness.
Business Metrics: Knowing revenue per employee and defining your business goals are crucial for success. Investing wisely can lead to higher margins and customer loyalty. Understanding these elements prepares you for future ventures and helps you create a profitable business model that aligns with your vision.
Building a successful business requires understanding key metrics like revenue per employee, which helps you gauge profitability and efficiency. Both lifestyle and scalable business models have their merits, but entrepreneurs should clarify their goals. Investing in the right areas can lead to better customer loyalty and higher margins, making it crucial to know what you want from your business and how to achieve it effectively. Developing skills in managing challenging businesses can prepare you for future ventures, allowing you to make informed decisions based on what generates profit and keeps customers engaged. Overall, understanding your numbers and aligning them with your mission can significantly enhance your business's success.
Healthcare Expansion: Healthcare businesses can boost ongoing revenue by expanding services like preventive care and private GP appointments, creating a community hub that patients trust and prefer for comprehensive care.
Businesses in healthcare can capitalize on recurring revenue by offering additional services beyond initial treatments. For instance, clinics can introduce preventive programs, such as osteoporosis management, and additional health services like private GP appointments. This creates a community hub, fostering trust and loyalty while building a broader client base. As patients seek continuity in care, offering bundling options or subscription models enhances value, making healthcare more accessible while also increasing revenue per appointment. Innovative approaches like integrating health and wellness services in comfortable environments can attract clients looking for convenience and comprehensive care. Models that focus on patient needs and convenience are likely to thrive as patients look for reliable healthcare options, especially when traditional systems face challenges and longer wait times.
Growth Strategies: Integrating equipment like Bone Strong can boost osteoporotic clinics. Business growth requires exploring new sectors and implementing effective marketing. Regular self-reflection aids in strategic planning for sustainable success.
Leveraging innovative equipment like the Bone Strong device can enhance clinics focused on osteoporotic care by offering low-supervision, effective sessions to improve bone density. As businesses grow, owners should explore diverse sectors while emphasizing higher revenue models and implementing effective marketing strategies like Google Ads, which have proven impactful. By focusing on habitual, profitable businesses and learning foundational principles, entrepreneurs can ensure sustainable growth and possibly pivot into new areas, maintaining commitment to their initial passion for health. Regular self-reflection and strategic planning will allow for continued business development and exploration of future opportunities, leading to a broader scope and enhanced patient care.
Business Success Traits: Businesses thrive when they focus on essential needs, leverage effective marketing strategies, and have strong management teams that empower growth and operations.
Successful businesses possess certain characteristics that make them appealing to investors and lenders. Profitable models often serve essential needs—like health and beauty—especially during tough economic times when consumers seek comfort. Marketing strategies like Google Ads and retargeting on social media can help attract and retain clients, boosting profitability. A strong management team is crucial; leaders should focus on growth while capable team members handle daily operations. For maximum effectiveness, hire skilled managers to ensure smooth operations and allow entrepreneurs to concentrate on expanding the business. Overall, understanding customer needs, utilizing effective marketing, and fostering strong management practices can significantly enhance a business's success.
Balancing Business Roles: To avoid burnout, decide if you want a lifestyle business or to pursue growth. Focus on effective marketing tactics like regular client communication, and keep it simple to maintain relationships and achieve success.
Managing a business can be challenging, especially when trying to juggle multiple roles like teacher and manager. It's crucial to recognize whether you want to run a lifestyle business or aim for significant growth. Successful entrepreneurs focus on strategic growth by delegating day-to-day tasks and refining their marketing tactics. Sending regular emails or texts to clients can build relationships and keep you top of mind. Even simple measures like sharing valuable content or updates can yield remarkable results. Avoid complex systems; focus instead on straightforward, effective communication. If you're an entrepreneur, remember to prioritize what truly matters for your business while maintaining personal well-being. Decide where you want your business to go, and take the necessary steps to achieve your goals without burning out.
Entrepreneurial Success Traits: Successful entrepreneurs need clear goals, adaptability in business models, and innovative marketing tactics to thrive. Offering substantial discounts may create customer loyalty, while quickly assessing profitability helps in making informed decisions.
Great entrepreneurs share traits that aid in their success, such as having a clear end goal and understanding when to shift business strategies. Learning becomes crucial when managing difficult business models. Discounting can engage customers more effectively than small reductions. As illustrated, offering a substantial discount or unique promotional gamble can entice business, bringing in new clients who appreciate the value, thus presenting a chance for customer loyalty. Flexibility and adaptability to change, alongside recognizing profitable opportunities quickly, are key aspects of thriving in the entrepreneurial landscape. Ultimately, being intuitive and decisive can lead to fruitful ventures and a robust business mindset, enabling entrepreneurs to navigate challenges and seize the right moment for growth.
Gamification Benefits: Using games or fun elements in retail can significantly enhance customer engagement and boost sales, turning standard shopping experiences into memorable ones.
Engaging customers by adding fun elements to the shopping experience can be a game-changer for businesses. For instance, instead of giving standard discounts, creative ideas like rolling dice or guessing games can intrigue customers more. This not only makes the experience enjoyable but can significantly boost sales, especially for underperforming items like hot food at ice cream parlors. When customers feel they are part of a game, even if they don’t win, they enjoy the process of playing along, creating a memorable experience. Businesses can leverage this interactive approach to encourage more purchases without traditional discounts, tapping into the excitement of winning or playing a game, which can easily capture customers' interest. Applying these concepts can help businesses thrive, especially during slow periods when casual dining options are less appealing to customers, like midday timeframes during the week.
Marketing Insights: Engagement in marketing strategies like Deshume's promotions can be playful, yet sharing valuable content with others is essential. The speakers advocate for personal connections in business and reflect on audience growth, underscoring the importance of effective communication and idea sharing among entrepreneurs.
The conversation touches on marketing ideas and the unique promotional strategies used by companies like Deshume. The speakers suggest engaging potential customers with fun concepts like ‘rolling the spice dice’ for discounts, though there’s skepticism about the effectiveness of some promotions. They emphasize the importance of sharing content with others, urging listeners to send episodes to friends who might find them interesting. The discussion also highlights the growth of their audience, suggesting that they continue to seek connections and feedback. Ultimately, the speakers reflect on marketing's role in entrepreneurship, encouraging thoughtful sharing of valuable insights with others in the business community, while also making light of the challenges faced by startups and their promotions.
£27k/month Business doesn't have the right Model for Profitability
Recent Episodes from James Sinclair's Business Broadcast podcast
£27k/month Business doesn't have the right Model for Profitability
In this episode of the podcast we speak with an Osteopath entrepreneur generating £27k per month in revenue, he has recently opened his 2nd location. He is now at a crossroads between continuing to grow or enjoy a lifestyle business? He might not even be in the right business for the profitability he craves, find out more in this episode.
Welcome to the Business Broadcast Podcast! Each week James brings on the show an entrepreneur who shares their biggest challenges and struggles in business.
James coaches the business owner through these challenges by asking those hard hitting questions in order to get to the bottom of these problems and help the business owner soar to success.
Find out more from Andrew here: Heavitree-osteopaths.co.uk
Find out your Entrepreneurial DNA and take our '8 Traits of the Greats' Quiz: https://jamessinclair.scoreapp.com
Try Entrepreneurs University 14 Day FREE Trial Here ►
https://jamessinclair.net/entrepreneurs-university-free-trial/
Get your tickets to our next event here ► https://www.jamessinclair.net/events
Apply to be on my podcast here ► https://jamessinclair.net/podcasts/
Watch the podcast on YouTube ► https://www.youtube.com/@jamessinclairspodcast
$240k/month NICHE Travel Business wants to SELL! But how?
In today’s episode James speaks with a business in Australia doing $240k per month with a niche travel business! The business owners wants to plan to be able sell this business, but not actually sell it. Let's find out more.
Welcome to the Business Broadcast Podcast! Each week James brings on the show an entrepreneur who shares their biggest challenges and struggles in business.
James coaches the business owner through these challenges by asking those hard hitting questions in order to get to the bottom of these problems and help the business owner soar to success.
Find out more from John here: www.australianracingtours.com.au
Find out your Entrepreneurial DNA and take our '8 Traits of the Greats' Quiz: https://jamessinclair.scoreapp.com
Try Entrepreneurs University 14 Day FREE Trial Here ►
https://jamessinclair.net/entrepreneurs-university-free-trial/
Get your tickets to our next event here ► https://www.jamessinclair.net/events
Apply to be on my podcast here ► https://jamessinclair.net/podcasts/
Watch the podcast on YouTube ► https://www.youtube.com/@jamessinclairspodcast
£12,000/month Tennis Coach works for Purpose over Profit!
In today’s episode, James sits down with Tom, a successful tennis coach earning £12,000 per month. As Tom considers scaling his business, he reflects on what he truly wants—whether it’s growing a large company or opting for a more balanced lifestyle business. Not everyone is suited for a major expansion, and finding the right path is key.
Welcome to the Business Broadcast Podcast! Each week James brings on the show an entrepreneur who shares their biggest challenges and struggles in business.
James coaches the business owner through these challenges by asking those hard hitting questions in order to get to the bottom of these problems and help the business owner soar to success.
Find out your Entrepreneurial DNA and take our '8 Traits of the Greats' Quiz: https://jamessinclair.scoreapp.com
Try Entrepreneurs University 14 Day FREE Trial Here ►
https://jamessinclair.net/entrepreneurs-university-free-trial/
Get your tickets to our next event here ► https://www.jamessinclair.net/events
Apply to be on my podcast here ► https://jamessinclair.net/podcasts/
Watch the podcast on YouTube ► https://www.youtube.com/@jamessinclairspodcast
This Start Up Business Needs A Lot of Cash & Huge Volume to work
In this episode we have a different conversation to normal with a start up entrepreneur. She wants to get into a space that's education within healthcare using technology. This is a very hard business which needs millions in start up cash and huge volume!
We are going to try our absolute best to give her our best advice... strap yourselves in gang.
Welcome to the Business Broadcast Podcast! Each week James brings on the show an entrepreneur who shares their biggest challenges and struggles in business.
James coaches the business owner through these challenges by asking those hard hitting questions in order to get to the bottom of these problems and help the business owner soar to success.
Find out your Entrepreneurial DNA and take our '8 Traits of the Greats' Quiz: https://jamessinclair.scoreapp.com
Try Entrepreneurs University 14 Day FREE Trial Here ►
https://jamessinclair.net/entrepreneurs-university-free-trial/
Get your tickets to our next event here ► https://www.jamessinclair.net/events
Apply to be on my podcast here ► https://jamessinclair.net/podcasts/
Watch the podcast on YouTube ► https://www.youtube.com/@jamessinclairspodcast
Apply to be on my podcast here ► https://jamessinclair.net/podcasts/
£500k/month Business has HUGE Cashflow Issues!
This £500,000 a month project management business has 35 employees but everything is not going swimmingly. They are still struggling to get paid, cashflow, bringing in more sales and building a pipeline because their customers only need them once.
Welcome to the Business Broadcast Podcast! Each week James brings on the show an entrepreneur who shares their biggest challenges and struggles in business.
James coaches the business owner through these challenges by asking those hard hitting questions in order to get to the bottom of these problems and help the business owner soar to success.
Find out your Entrepreneurial DNA and take our '8 Traits of the Greats' Quiz: https://jamessinclair.scoreapp.com
Try Entrepreneurs University 14 Day FREE Trial Here ►
https://jamessinclair.net/entrepreneurs-university-free-trial/
Get your tickets to our next event here ► https://www.jamessinclair.net/events
Apply to be on my podcast here ► https://jamessinclair.net/podcasts/
Watch the podcast on YouTube ► https://www.youtube.com/@jamessinclairspodcast
Apply to be on my podcast here ► https://jamessinclair.net/podcasts/
This Niche Gymnastics Entrepreneur needs the Confidence to think Bigger
We are speaking to a business that makes gym equipment. It has brilliant branding but it's making a pitiful amount of money and the entrepreneur is thinking too small!
It is our job to up that thinking and get him making some money, watch here to see what we would do with this business.
Welcome to the Business Broadcast Podcast! Each week James brings on the show an entrepreneur who shares their biggest challenges and struggles in business.
James coaches the business owner through these challenges by asking those hard hitting questions in order to get to the bottom of these problems and help the business owner soar to success.
Find out your Entrepreneurial DNA and take our '8 Traits of the Greats' Quiz: https://jamessinclair.scoreapp.com
Try Entrepreneurs University 14 Day FREE Trial Here ►
https://jamessinclair.net/entrepreneurs-university-free-trial/
Get your tickets to our next event here ► https://www.jamessinclair.net/events
Apply to be on my podcast here ► https://jamessinclair.net/podcasts/
Watch the podcast on YouTube ► https://www.youtube.com/@jamessinclairspodcast
Apply to be on my podcast here ► https://jamessinclair.net/podcasts/
£25k per month Meal Prep Business Needs to Expand his Market Opportunities
This entrepreneur has a meal prep business doing £25,000 a month but it is such a difficult business to make money from and hard to keep your customers for a long period.
But myself and JB have some old school ideas that will help grow his market and get consistency into the business, take a listen.
Welcome to the Business Broadcast Podcast! Each week James brings on the show an entrepreneur who shares their biggest challenges and struggles in business.
James coaches the business owner through these challenges by asking those hard hitting questions in order to get to the bottom of these problems and help the business owner soar to success.
Find out your Entrepreneurial DNA and take our '8 Traits of the Greats' Quiz: https://jamessinclair.scoreapp.com
Try Entrepreneurs University 14 Day FREE Trial Here ►
https://jamessinclair.net/entrepreneurs-university-free-trial/
Get your tickets to our next event here ► https://www.jamessinclair.net/events
Apply to be on my podcast here ► https://jamessinclair.net/podcasts/
Watch the podcast on YouTube ► https://www.youtube.com/@jamessinclairspodcast
Apply to be on my podcast here ► https://jamessinclair.net/podcasts/
This entrepreneur is a presenter on BBC 1 but still struggles getting customers
This entrepreneur (ex professional surfer, ex DT teacher) has an amazing Bespoke Furniture & Metal Business doing £150,000 with 13 staff members... he is that good at it he is a presenter for a show on BBC 1!
But even he has problems with cashflow, getting customers and staff, check out this fascinating episode to see how we can help this entrepreneur.
Welcome to the Business Broadcast Podcast! Each week James brings on the show an entrepreneur who shares their biggest challenges and struggles in business.
James coaches the business owner through these challenges by asking those hard hitting questions in order to get to the bottom of these problems and help the business owner soar to success.
Find out your Entrepreneurial DNA and take our '8 Traits of the Greats' Quiz: https://jamessinclair.scoreapp.com
Try Entrepreneurs University 14 Day FREE Trial Here ►
https://jamessinclair.net/entrepreneurs-university-free-trial/
Get your tickets to our next event here ► https://www.jamessinclair.net/events
Apply to be on my podcast here ► https://jamessinclair.net/podcasts/
Watch the podcast on YouTube ► https://www.youtube.com/@jamessinclairspodcast
Apply to be on my podcast here ► https://jamessinclair.net/podcasts/
£50k/month Butchers is Buying Businesses to Expand but has Challenges to Overcome
This 25 year old has built a chain of butchers shops, he is even in the game of buying them now! With 50k per month of revenue things are looking great for this entrepreneur but like almost every business owner, there is still some very common problems for him to overcome, find out more.
Welcome to the Business Broadcast Podcast! Each week James brings on the show an entrepreneur who shares their biggest challenges and struggles in business.
James coaches the business owner through these challenges by asking those hard hitting questions in order to get to the bottom of these problems and help the business owner soar to success.
Find out your Entrepreneurial DNA and take our '8 Traits of the Greats' Quiz: https://jamessinclair.scoreapp.com
Try Entrepreneurs University 14 Day FREE Trial Here ►
https://jamessinclair.net/entrepreneurs-university-free-trial/
Get your tickets to our next event here ► https://www.jamessinclair.net/events
Apply to be on my podcast here ► https://jamessinclair.net/podcasts/
Watch the podcast on YouTube ► https://www.youtube.com/@jamessinclairspodcast
Apply to be on my podcast here ► https://jamessinclair.net/podcasts/
This Crane Lifting Business has great potential but this entrepreneur is thinking too small
This entrepreneur has built a company teaching people how to drive cranes so people can earn £50,000 a year. He is getting good money but not enough for where he wants to get to.
In order for this business to grow this entrepreneur needs to think bigger! Watch this episode to see how we can grow this business.
Welcome to the Business Broadcast Podcast! Each week James brings on the show an entrepreneur who shares their biggest challenges and struggles in business.
James coaches the business owner through these challenges by asking those hard hitting questions in order to get to the bottom of these problems and help the business owner soar to success.
Find out your Entrepreneurial DNA and take our '8 Traits of the Greats' Quiz: https://jamessinclair.scoreapp.com
Try Entrepreneurs University 14 Day FREE Trial Here ►
https://jamessinclair.net/entrepreneurs-university-free-trial/
Get your tickets to our next event here ► https://www.jamessinclair.net/events
Apply to be on my podcast here ► https://jamessinclair.net/podcasts/
Watch the podcast on YouTube ► https://www.youtube.com/@jamessinclairspodcast
Apply to be on my podcast here ► https://jamessinclair.net/podcasts/