<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:rssdatehelper="urn:rssdatehelper"><channel><title></title><link>http://www.mikesouthon.com</link><pubDate>2012-03-08T21:14:36</pubDate><generator>umbraco</generator><description></description><language>en</language><item><title>Where to next for retail?</title><link>http://www.mikesouthon.com/blogs-e-zine/2012/3/8/where-to-next-for-retail.aspx</link><pubDate>Thu, 08 Mar 2012 00:00:00 GMT</pubDate><guid>http://www.mikesouthon.com/blogs-e-zine/2012/3/8/where-to-next-for-retail.aspx</guid><description><![CDATA[ 
<p>The Office for National Statistics says that retail sales grew
by 0.9% in January when compared with December. That was a surprise
to most economists and a welcome one for the government. Is it a
boon for the retail sector? Are we all going shopping to beat the
winter blues? No. Sir Philip Green, the Top Man at Top Shop says
post-Christmas discounting was brutal. Recent retail growth is
thanks to extreme slash-and-burn tactics that only the largest
retailers can temporarily afford.</p>

<p>The litany of major brands which have disappeared from out high
street is shocking: Woolies, Habitat, Thorntons, Jane Norman - and
that's just for starters. One recent report said that, on average,
Britain's multiple retailers closed 14 outlets per day last year,
with charity shops, pound shops, credit unions and convenience
stores taking up the slack and massaging the otherwise awful
statistics.</p>

<p>One can only say that the ONS has approached the new stats from
a constructive perspective. One of their spokespeople said: "All
sectors are experiencing some growth when you look year-on-year. In
particular the household goods sector has risen from where it was
previously, it's ended a long run of contraction." Hmmm...</p>

<p>The comments from Capital Economics (run by Roger Bootle, one of
the few economic soothsayers who regularly gets it right) may be
more pertinent. They say "January's strong growth goes against the
much more pessimistic picture painted by anecdotal evidence and all
of the retail surveys".</p>

<p>By the way, these figures don't take account for the difference
between online sales and bricks-and-mortar shop sales. Any increase
in overall retail performance hides a dramatic and continuing shift
year-on-year from offline to online. The convenience of online
sales (from easy comparison of prices to not having to park in a
high streets riddled with yellow lines) means more of us than ever
are taking our business to virtual stores.</p>

<p>So, are there any solutions to help address the retailers'
pains? Here are some thoughts and recommendations:</p>

<ul>
<li>Recognise that the world has changed. Be realistic and don't
operate in a mirage of optimism. All businesses are different, so
evolve your model to balance bricks and clicks in the most
efficient way for yours.</li>

<li style="list-style: none">&nbsp;</li>

<li>Don't give up on marketing, ever. Stop marketing and you'll cut
off your lifeblood of customers. But recognise that marketing is
now a professional game, so get the best advice and take time to
discover what works. Remember Lord Leverhulme, the founder of
Unilever, who famously said "Half of the money I spend on
advertising is wasted and the problem is, I don't know which
half".</li>

<li style="list-style: none">&nbsp;</li>

<li>Train your staff and expect them to go the extra mile with
customer service. There are enough people who are hungry for work
that you can expect the best from your staff on the front line.
Just make sure you spend time at the coal face, too.</li>

<li style="list-style: none">&nbsp;</li>

<li>Exploit technology to maximise online, shop, mail order, phone
sales etc. Take every opportunity to reach people in the way they
want to be reached, with offers that meet their needs, and remove
every possible barrier to sales.</li>

<li style="list-style: none">&nbsp;</li>

<li>Use social media and look out for new and emerging platforms
like&nbsp;shopa.com&nbsp;to proliferate awareness and generate
sales through friend recommendations and the emergence of 'social
commerce'.</li>

<li style="list-style: none">&nbsp;</li>

<li>Last but not least, adopt hawk-like financial management. Set
and monitor your KPIs and exploit every possible economy. Look at
your supply chain from top to bottom and don't forget the overheads
too. You'll need to conserve your cash.</li>

<li style="list-style: none">&nbsp;</li>
</ul>

<p>For more information on business best practice, <a
href="http://www.amazon.co.uk/Vision-Exit-Entrepreneurs-Building-Business/dp/0857191470/"
 target="_blank">get a copy of my book,&nbsp;From Vision to Exit,
The Entrepreneur's Guide to Building and Selling a
Business&nbsp;available on Amazon</a> and in all good bookshops
now.</p>
]]></description></item><item><title>The Stages of Your Business Growth</title><link>http://www.mikesouthon.com/blogs-e-zine/2012/3/8/the-stages-of-your-business-growth.aspx</link><pubDate>Thu, 08 Mar 2012 00:00:00 GMT</pubDate><guid>http://www.mikesouthon.com/blogs-e-zine/2012/3/8/the-stages-of-your-business-growth.aspx</guid><description><![CDATA[ 
<p>In my previous articles I have set out some broad principles of
<a
href="/blogs-e-zine/2011/10/31/the-main-thing-is-keeping-the-main-thing-the-main-thing.aspx">
managing in context and not content</a> &nbsp;and how being stuck
in the detail of our businesses is often both stressful and
unproductive.</p>

<p>But how much detail you should have in your in-tray obviously
depends on where your business is in its lifecycle. A CEO of an
early stage business has a very different job to one running a
mature business.</p>

<p>Your role changes year by year and to understand your priorities
at any one point it's vital to know where you are and what's coming
next.</p>

<p>All businesses have a natural lifecycle and go through clearly
identifiable growth stages. These stages are not based on set
periods of time, but rather on "energy" within the business. It is
this energy, or "feelings", of the key players in an organisation
that will dictate at which stage a company is and when it moves
from one stage to another.</p>

<p><a href="http://www.shirlawscoaching.co.uk/">At
Shirlaws</a>&nbsp;we have worked closely with hundreds of
businesses all over the world and using this experience have
created a model of this progression we call the "Stages model".
This model applies to every company, regardless of size or
sector.</p>

<p>This diagram is an overview of our Stages model. It shows each
stage or phase of the business' development and the feelings at
each phase shown in red below the timeline.</p>

<p>These feelings are a remarkably accurate indicator for precisely
where the business lies on this timeline. All businesses begin on
the left side at 'Day 1', filled with excitement, nervousness, and
lots of activity. Only the most successful make it through the main
hurdles (the two 'brick walls') and into a Stage of Advanced
Growth.</p>

<p>Your current Stage will be impacting every aspect of your
operations - for better or for worse. Internally, communication may
be relaxed or may be stressed (or both, in different staff
members). Externally, trying to sell a 'Good Times' product to a
Frustrated client will only lead to <a
href="http://www.shirlawscoaching.co.uk/shirlawsresources/2011/8/22/article-back-to-basics-6-conversion.html">
disappointing conversion rates</a>.</p>

<p>And of course knowing where you are - and what you will
experience next - is key to developing <a
href="http://www.shirlawscoaching.co.uk/what-we-do/">easy,
profitable strategy</a>.</p>

<h4>Your Stages Action Plan</h4>

<p>So, how does your business feel today?</p>

<p>Is it an exciting and frantically busy place? Calm and
relaxed?</p>

<p>Or stressful and increasingly frustrated?</p>

<p>Understanding that will tell you what you should do now and what
is coming up in the future. Importantly, the current recession has
driven many businesses into the Second Brick Wall - and they need
to make different investments to ensure they move through in a way
that continues their growth.</p>

<p>Shirlaws coaches are all trained in the nuances of applying
Stages to businesses of every size. And this key growth diagnostic
is now even more accessible -<strong>you can complete the Stages
test right here on MikeSouthon.com by clicking the big "Business
Growth Test" button at the top of this page.</strong></p>

<h4>What to do now</h4>

<p>Complete the Shirlaws Stages test here. If you are in a
partnership or have a leadership team, ensure all of your
colleagues complete the test this week as well.</p>

<p>Read the report at the end of the Stages test - this is an
action plan designed to support you with your strategy,
communication, and sales.</p>

<p>Create a list of your ten most important colleagues and clients
- share this article and/or the Stages test with these ten people
and organise a meeting to discuss your similarities and
differences.</p>
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