Archive for November, 2008

The Hierarchy of Opportunity

By Scott Hallman on November 4, 2008

The Power of Getting Things Done.

Hi, this is Scott Hallman and welcome to this week’s Tuesday Profit Tip where we bring you real world ways to Build-Grow-Manage-Profit from your business. My goal is that you earn at least $1,000 an hour for every hour you spend learning and applying our profit strategies.

I just got back from a private, invitation only networking event at the Silverado Resort in Napa Valley, where I was privileged to be on the invitation list with 42 of the world’s leading business coaches, speakers and trainers – Bill Bartmann, Chet Homes, Jack Canfield, Alex Mandossian, Stephen Pierce and several other leading Internet and offline marketers. There was over $2B of earning power in the room, openly sharing ideas with each other for three full days!

Millions of Dollars in Profit Potential but only if…
The ideas were flowing like Niagara Falls… But now we are all back home and back to email backlogs and daily business demands. So how can we ensure that we take advantage of all those awesome ideas we just learned from each other – inside tricks and tips not shared outside this elite group… conversion secrets, list building systems, profit optimization strategies, sales systems and more? I personally identified at least $1M in added profit for my business from just a handful of mind-blowing ideas.

Here is the problem. In a state of overwhelm we tend to do nothing… therefore missing out on implementing things we KNOW will produce results. Has this ever happened to you? Have you attended an event or read a book or listened to a training program and got a bunch of great ideas and then implemented only a few, if any? And do you have a list or a pile of notes that you plan to get to someday… but never do? Well if so, the system I am going to share with you can transform your ability to execute way more of your best ideas, now and in the future, so that you reap tons of extra profit from your business.

Here is The Secret for NEVER Again Missing Out on Implementing Your Best Ideas

So, how can you ensure that you always work on the most impactful projects and tasks so that you create exponential growth in your business? Well, the most powerful way I have found is to deploy the Hierarchy of Opportunity” System I created a few years back to help seminar attendees “crunch down” all the ideas they receive at these 3+ day events. I have conducted this “workshop” at events with Jay Abraham, Jay Levinson, Chet Holmes, Mark Victor Hansen and more. And next week I am doing this workshop via Webinar for this elite group I mentioned above.

What is The Hierarchy of Opportunity?

Well, in essence, it is a system for prioritizing your projects. What makes this system unique is that it helps you prioritize based on your unique set of criteria:

Your ability to implement the idea
Your capital and cash flow
Your long term strategy
Your risk tolerance
Your business demands
Your time demands
Your resources, including people
And more

The actual full blown workshop is an hour long and involves the business owners listing all their ideas, and then going through a ranking process so they end up with a prioritized list of 25-50 realistically doable ideas (works for every area of your business by the way), complete with the expected profit impact of each one. It ends with a ProfitMap” that graphically has all the worthwhile ideas on one single page, ranked, that they can access anytime, for life… very powerful.

Let’s Help You Get a Project Done That You Have Been Putting Off

To help you get started, select an idea you believe will have a measurable impact on your revenue and profit… one that you have been putting off.

Next, apply the abbreviated list of criteria I listed above to determine what is keeping you from executing on the idea. Is it the investment required? Or the time involved?

Next, determine the expected profit IF you actually implemented the idea. Let’s say you wanted to implement a new referral program and felt that it would bring in 10 customers over a year that would generate $5,000 in profit each over time. That would equal $50,000&.that’s $50,000 in lost profits you are missing out on due to your procrastination!

Next, determine if the thing that is causing you to “put it off” is worth missing out on the $50,000… if not, use this to motivate you to TAKE ACTION!

At last week’s network event, Alex Mandossian said, “Every business on the planet needs to go through your (Scott’s) Hierarchy workshop.”

Go for it. Do this simple exercise and Profit NOW.

Click on the following link to get instant access to The Hierarchy of Opportunity(tm) Workshop.
http://www.smallbusinessgrowthclub.com/public/351.cfm

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