The Smith Report - Operational Tips for Busy Execs - Weekly

Social Media – What’s Your Staff Policy?

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Social Media – What’s Your Staff Policy?

Your staff are now publishers, authors, bloggers, sharers, mavens, so how do you control the epidemic without alienating staff? What guidelines make sense?  Try this one pager out as a template and adjust it to make it relevant for your business and please feel free to give me feedback.

Policy Introduction
The Portfolio Partnership (TPP) staff frequently participate in conversations across a variety of Social Media channels; and while this is normal, it is important to understand the significance of your ...

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Salem Breakfast Workshop Wed 28th – Fulfilling Your Business’ Potential

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Salem Breakfast Workshop Wed 28th – Fulfilling Your Business’ Potential

A Chance To Change The Odds of Creating a Remarkable Business

What We Will Cover

  • The 9 Essential Parts that drive Business Value:

  1. Positioning & Marketing
  2. Integrated Sales Process
  3. Product Launches
  4. Talent Pool
  5. Metrics
  6. Business Models
  7. Raising Capital
  8. Compliance & Risk
  9. Acquisitions
  • Using models, case studies and Q&A we will dive into these key elements.
  • The Saleability Test – Are you saleable today? Where are your weaknesses?

Management Teams

  • Learn some tricks that allow you to define and dominate your unique market
  • Learn practical execution techniques that transform visions into remarkable businesses
  • Learn how to truly Align ...

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The Price Earnings Ratio – Everything You Need To Know

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The Price Earnings Ratio – Everything You Need To Know

The Price Earnings Ratio is widely quoted in the media. It causes controversy in negotiation rooms every week of the year, especially concerning the selling of private companies. It dominates pundits thinking – when to buy equity – when to sell equity. So what is this ratio, where do you find examples and how do you apply it in business. As you look at the ratio think of it as measuring potential. The potential for growth.

Definitions & Examples

  1. For a public ...

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Fulfilling The Potential Of Your Business – My New Book

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Fulfilling The Potential Of Your Business – My New Book

SUMMARY

In the summer of 2008, I started blogging on a regular basis. I had a simple objective: to share short, sharp pieces of operational advice that had worked for me over the last 25 years.

Specifically I aspired to help business owners and their teams:

  • Run their business better
  • Have more fun
  • Make their business more valuable and saleable one day
  • Fulfill the potential of their business

Ultimately, I wanted to help them create business value.

I know I was expecting a lot.

Creating business value ...

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25 Essential Tips To Improve Sales Close Rates

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25 Essential Tips To Improve Sales Close Rates
  1. Fine tune your messaging on all marketing content wherever it resides, to ensure you attract the most valuable sales leads. Poor sales leads kill attractive close rates. Ensure the collateral emphasizes the business results you achieve for clients.
  2. Prioritize your time. Not all sales leads are born equal.
  3. Preparation is key. What business issues are live and relevant for your prospects e.g. raw materials inflation, compliance and risk, delivery on time, software bugs.
  4. It is tempting to explain the quality & depth of ...

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Positioning – Can we learn from Barnes & Noble?

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Positioning – Can we learn from Barnes & Noble?

In March this year Time published a smart article called – E-Books: Why Barnes & Noble Avoided Borders’ Fate by Josh Sanburn. With the announcement of Barnes & Nobles’ (B&N) latest results for Q1 ending July showing the Nook business soaring 140% compared with last year, I thought it would be interesting to track the aggressive change in positioning being executed. Perhaps the business you are running can learn from B&Ns’ tactics as it struggles to deliver success ...

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A Radical Approach to Meetings

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A Radical Approach to Meetings

Read This Before Our Next Meeting – The Modern Meeting Standard by Al Pittampalli  is a short 70 page book published by Seth Godin’s Domino Project.

Al is passionate about changing how we conduct meetings. How many we have, their content and how we prepare for them.

Here is his manifesto in summary and I’ve added my commentary in italics to add to the conversation because I think some of his ideas are powerful but some are flawed.

His principal thesis ...

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Building Businesses Buyers Love – The Saleability Test

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Building Businesses Buyers Love – The Saleability Test

Here is the big picture. In the US there are 27.3m enterprises of which 634,000 employ 20 people or more. 5568 or 0.9% sold out last year for $10m or more.
Source, US Census Data and public M&A tables.
Here is a test to help you work out if you are saleable at a premium valuation.

I’ve used this test as a predictor of success of “selling out” at attractive prices. Those companies scoring 60 or above were almost always sold ...

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The Board Meeting – Agenda & Preparation

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The Board Meeting – Agenda & Preparation

Preparation, agenda and time management are the key ingredients to a productivity Board Meeting. All reports mentioned below should be circulated 48 hours prior to the meeting. Here are some ideas on all three.

Agenda

1.  Actions from previous meeting.

Preparation: Everyone who was responsible for a completed action prepares a one page sentence summarizing their accomplishment. If action was not
achieved a brief reason is offered with a deadline to complete.
Time Allocated: 10 min

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Creating Agility By Redefining Roles

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Creating Agility By Redefining Roles

Warning this is a tough love post.

The Backstory

The United States should be a landscape of small agile, innovative, smartly organized enterprises, fit for worldwide competition.Well the numbers certainly back up that landscape – 99.6% of the 27.3m US enterprises employ less than 100 people. Only 100,000 enterprises employ more than 100 people.

However that’s just the numbers. Instead of agility and focus I’m hearing that companies don’t understand social media, they can’t attract quality staff or they can’t attract investors. ...

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