3 Ways to Jump Start Your Business Cash Flow Machine

Released on = October 4, 2006, 8:03 pm

Press Release Author = Xspology.com

Industry = Financial

Press Release Summary = According to Bobby Ellis Xspology.com CEO, there are three
ways to jump start your business cash flow machine today.

Press Release Body =
According to Bobby Ellis Xspology.com CEO, there are three ways to jump start your
business cash flow machine today.

1. Growing through creating value and innovations

Any compnay, unlimited by size, history, budget, location or nationality, can
exploit a value innovation. But to succeed, a value innovation must demonstrate
actual savings and an appreciable benefit that a customer can use immediately. Be
sure your value innovation is accessible enough for most customers to grasp its
technological benefit and put it to use promtly.

This approach directly contrasts with the concept of "tunnel vision" and
"environment determinism," mandating that business in any given industry must accept
their existing realities and compete with industry boundaries. That kind of thinks
cause ocean of full ink, because you a commodity that competes on price and minimal
product differentation.

You can start by strategically examining your industry's primary competitive drivers
(such as customer preference, product qualities, price and industry standards) to
create a "strategy matrix" that displays each factor graphically. Question all your
industry and market standards to find opportunities to innovate or create value.

2. Growing through mergers and acquitions

Other companies tend to succeed by focusing on conventional wisdom-growing through
merger and acquiring. This is a risky proposition for most business owners. Most
successful deal makers build experience doing a lot of small deals, instead of one
big deal. Because deal making is much different from running a busienss day-to-day,
inexpereince deal makers can suffer disorientation and shock.

Successful deal markers hold themselves to do demanding discipline. They know why
they are doing a deal, what price makes economic sense and when to walk away. A
Harvard Business Review article identified five reasons to do a deal: 1) To reduce
capacity in an industry; 2) To consolidate in a fractious industry; 3) To gain
product or market extensions; 4) To acquire intellectual capital, R&D or the like;
and 5) To establish a new industry.

Now you know why to merge and acquire other organizations. Deal making is not a big
play event, but an everyday event. Successful acquires know that deal making is not
ancillary to the company's business, but is an outgrowth of it.

3. Growing through elimination of waste.

When firms start losing cash the first thing they do is cut back on expense.
Although this is a great way to preserve cash is often is much to late. In Japan,
the Japanese use the word "muda" for "waste." What is waste? Waste is the burning
of resources without leading to any substantial value, mistakes that require someone
to expend energy to fix, huge inventories that build up when supply outpaces demand,
redundant or unnecessary processing steps and people waiting around for
parts/docuements to finish their jobs.

Successful entreprenuers are mavricks of lean thinking. They focus on doubling
productivity of employees, reducing cycle and lag time, and obtaining clients
cheaper and faster than their competitors.

About Xspology.com Inc.
Xspology.com is an executive coaching firm located in Atlanta, Georgia whose service
specializes in creating optimization processes and marketing strategies for
entrepenuars and executives. Readers are welcome to download 10 sample strategic
marketing and optimization reports at http://Xspology.com


Web Site = http://xspology.com

Contact Details = For further information contact:
Bobby Ellis, President and CEO,
Phone: (404) 964-2927
http://Xspology.com

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