ActionCOACH Milwaukee 5-Ways Profit Workshop – meeting via Teams
In the ActionCOACH Milwaukee 5-Ways Profit Workshop, you’ll get strategies that will teach you how to achieve exponential profit growth by making small, measurable improvements in five critical areas of your business.
Unlike traditional profit models that focus solely on increasing sales or cutting expenses, the 5-Ways Formula uses a “Divide to Multiply” approach, breaking sales into five distinct components, each of which you can improve with simple strategies, to create a compounding effect on profits.
Key Objective
- You will learn the 5-Ways Formula: Leads, Conversion Rate, Number of Transactions, Average Sale Value and Profit Margin are the only five areas you can actually leverage in your business. Clarity here will pay off for you forever.
- You will see how small improvements in each of the five areas can lead to significant profit gains. In fact, we’ll show you exactly how 10% improvements will lead to a 61% profit increase.
- You will gain practical strategies and resources to improve each profit driver, tailored to YOUR business.
Is This Right for You?
- You are a small to medium-sized enterprise (SME) business owner seeking to increase profitability and revenue.
- You want to overcome stagnant growth, low margins, or employee reliance on your direct involvement.
- You are the manager or decision-maker responsible for sales, marketing, or financial performance.
CORE CONTENT – 5-Ways Formula Overview:
- Leads: The number of potential buyers (prospects) contacted by or contacting the business annually
- Conversion Rate: The percentage of leads who become paying customers (e.g., 3 out of 10 leads = 30% conversion rate)
- Number of Transactions: The average number of purchases a customer makes per year
- Average Sale Value: The average amount spent per transaction
- Profit Margin: The profit percentage per sale (e.g., $25 profit on a $100 sale = 25% margin)
- The Compound Effect: Small improvements in each area multiply to create exponential profit growth. A 10% increase in each area WILL yield a 61% profit increase.
And, you will leave with practical strategies to grow in each area.
Presented by:
Mike McKay
Owner and Licensed Business Coach