The Business Octopus – Details, episodes & analysis

10x sounds like lip service but, if you shoot for the moon and get half way you end up among the stars. Incremental growth is the safe game. But nothing big happens without some level of risk. What is your risk profile and how do you manage it?

Building a business is not luck. It takes a lot of dedicated hard work, a lot of experimenting, a lot of mistakes but above all else it requires continuous improvement. A structured approach to dealing with business means that you can weather the ups and downs and slowly but surely drive it towards being a success. In this livestream we talk about the things that it takes to build a multimillion-dollar company.

The herd mentality and why no one likes an empty restaurantWeekly Livestream - The Business OctopusYour network is your net worth. Everyone tells you that you need to do it but nobody tells you how to do it. You go to traditional networking events and get pitchslapped left right and centre. It feels yuck and you don't want to go back.There is a better way. Thinking strategically about your network can be more impactful. Connect with stakeholders, find new opportunities, build partnerships. Whatever it is you want to do, having a network will help you get there faster. Get the free guide on building your network rather than just going through the motions. Download the free guide here: https://cart.relevate.com.au/networking-mastery

Today we will be speaking with LaSean Smith from CAGR investments in Seattle, here to talk about efficient sales processes and getting your target market right.We go into depth about how to really figure our your market and make a product that people are beating your door down for. Testing your market is key and having conversations with customers is one of the best ways to make sure you really understand their problem.

Your network is your net worth. Everyone tells you that you need to do it but nobody tells you how to do it. You go to traditional networking events and get pitchslapped left right and centre. It feels yuck and you don't want to go back.

There is a better way. Thinking strategically about your network can be more impactful. Connect with stakeholders, find new opportunities, build partnerships. Whatever it is you want to do, having a network will help you get there faster.

Get the free guide on building your network rather than just going through the motions. Download the free guide here: https://cart.relevate.com.au/networking-mastery#veteran #veteranusinessowner #veteranownedbusiness #avoncollis

In this video, we discuss the critical importance of building a team to scale your business successfully. Topics include the challenges of hiring the first team members, the benefits of fractional resources, the necessity of systems and controls, and the impact of leadership and culture on team effectiveness. Learn strategies for finding the right team members, creating an empowering work environment, and organizing your business structure for optimal performance. Whether you're just starting out or looking to expand, this video provides valuable insights for building a cohesive and effective team.

Join the free Relevate Community and get in depth guides, tips, tricks and tutorials on how to grow your business with digital skills and technology: https://community.relevate.com.auOr join our Digital Accelerator membership and take your business to the next level: https://join.relevate.com.au

In this video, we explore the crucial distinctions between leadership and management. Leadership involves inspiring people to take actions because they want to, while management focuses on ensuring tasks and KPIs are met. We discuss effective ways to balance both roles to drive team and company success, using real-world analogies and practical strategies. Topics covered include Herzberg's Two-Factor Theory, implementing task backlogs, using agile methodologies, creating knowledge databases, and fostering psychological safety for feedback. By blending leadership and management, you can build a highly effective and scalable team.

Join the free Relevate Community and get in depth guides, tips, tricks and tutorials on how to grow your business with digital skills and technology: https://community.relevate.com.auOr join our Digital Accelerator membership and take your business to the next level: https://join.relevate.com.au

In this video, we explore the critical role of systems within businesses, whether they are people or technology-based. We discuss how key performance indicators (KPIs) help drive desirable behavior and using the right metrics to avoid counterproductive actions. Real-life examples from call centers and commission structures show how KPIs can both positively and negatively impact performance. We emphasize the importance of having automated systems to streamline processes and gather invaluable data, which aids in identifying and solving problems early. The video also highlights the critical need to align written culture with lived culture to ensure system adoption and effectiveness. Whether it's improving customer satisfaction scores or leveraging qualitative and quantitative data, implementing and continually refining business systems is key to scaling operations effectively.

Join the free Relevate Community and get in depth guides, tips, tricks and tutorials on how to grow your business with digital skills and technology: https://community.relevate.com.auOr join our Digital Accelerator membership and take your business to the next level: https://join.relevate.com.au

In this episode, we delve into the essentials of business automation, illustrating structured processes and systems that can make your business run more efficiently. Learn how to transform your business operations by documenting your processes, creating modular systems, and leveraging automation tools. We discuss the importance of starting simple, the concept of evolving and testing one change at a time, and how integrating various business systems can streamline workflows. Discover practical tips on delegating tasks, getting team feedback, and fostering innovation within your organization to achieve scalability and growth. Ultimately, the goal is to develop a business that operates smoothly, even in your absence.

Join the Relevate Community and our Digital Accelerator membership. Get in depth guides, tips, tricks and tutorials on how to grow your business with digital skills and technology and take your business to the next level: https://join.relevate.com.auWe help business owners find software tools, tips and tricks to help them get their life back. We delve into the deeper concepts of gaining a strategic advantage.#veteran #relevate #crm #digitaltransformation #erp #mrp #projectmanagement #software #implementation #veteranowned #infantry #veteranownedbusiness #avoncollis #relevatecommunity #relevateconsulting

In this video, we explore the concept of average transaction value and its importance as a sales lever to maximize profits. We'll discuss various strategies including upselling, cross-selling, and bundling to increase the value of each transaction. Real-world examples like fast food add-ons, online shopping suggestions, and in-store practices illustrate how these techniques work. We'll also cover the significance of downselling to capture revenue even from customers who might otherwise leave without purchasing. Additionally, discover how to use bundling to mask the value of individual items and implement loss leaders to drive additional sales. Learn why increasing transaction value requires consistent effort and how marginal improvements can lead to substantial revenue growth over time.

Join the Relevate Community and our Digital Accelerator membership. Get in depth guides, tips, tricks and tutorials on how to grow your business with digital skills and technology and take your business to the next level: https://join.relevate.com.auWe help business owners find software tools, tips and tricks to help them get their life back. We delve into the deeper concepts of gaining a strategic advantage.#veteran #relevate #crm #digitaltransformation #erp #mrp #projectmanagement #software #implementation #veteranowned #infantry #veteranownedbusiness #avoncollis #relevatecommunity #relevateconsulting

I delve into the concepts of productization and servitization and how they can transform your go-to-market strategy. Learn how to create a model that ensures continuous customer engagement and recurring revenue, much like the systems used by successful companies such as Dollar Shave Club. Understand the benefits of predictable income, improved business operations, and enhanced customer relationships. Practical examples and strategies are provided for integrating recurring revenue components into your business, ultimately leading to higher profit margins and better scalability. Stay tuned for more insights in our next video in the series.

Join the Relevate Community and our Digital Accelerator membership. Get in depth guides, tips, tricks and tutorials on how to grow your business with digital skills and technology and take your business to the next level: https://join.relevate.com.auWe help business owners find software tools, tips and tricks to help them get their life back. We delve into the deeper concepts of gaining a strategic advantage.#veteran #relevate #crm #digitaltransformation #erp #mrp #projectmanagement #software #implementation #veteranowned #infantry #veteranownedbusiness #avoncollis #relevatecommunity #relevateconsulting