Are you ready for the sudden lockdown? Regardless of whether your company is in a good position or otherwise, have you done your company’s Reassessment Test?
No one can tell if businesses can resume operations after two weeks (or even two months!) What you really need to do is by testing your company’s sustaining power, will it be able to sustain through the worst-case scenario?
Let’s face it. A good business cannot survive without hard work and effort. Due to the globalization, your cash flow and profit will NOT stay the same if you do not put in effort to retain them in time.
Li Ka-Shing once said: “When the company has profit but no cash flow, eventually it will still go down.”
Let’s take a look at Hutchison Whampoa’s retail business: Although it only accounts for not more than 10% of its total profit, its annual sales revenue is nearly HK$120 billion, accounting for more than 40% of the total revenue of Hutchison Whampoa Limited. This helped resist the financial risk during the 2008 financial crisis.
Hi fellow entrepreneur, what are your needs now? A strong cash flow? Higher profitability? More sales?
Now, what are the most crucial decisions that you need to make?
*This webinar will be conducted in MANDARIN
Join the ‘How Your business survives a worldwide crisis 2021’ webinar, we will guide you step by step in making your next decision to planning effective strategies for your business.
This webinar will solve the following concerns:
1. Too many uncertainties
2. Uncertain direction
3. Tight cash flow
4. Low profit
5. Declined sales
6. Poor execution
7. Price war
This isn’t a theoretical class, it’s all about practical strategies and methods:
Strategy + method + case study + tools + statistical moves (applicable to management and execution control as it is a custom-made tool)
A valuable lesson indeed!
The webinar provides:
Reassessment test
How to make 4 key decisions
Coping strategy
Begin with the end in mind + Fast Strategy
Differentiation Strategy
Major Trend Strategy
Innovation Strategy
Decision Making System Strategy
Profit Doubling Strategy
Operating Cost Strategy
A-Talent & Front Line Staff Strategy
Execution Strategy
Reassessment Test
Whether your company is in a good or bad position, you must visualize it in the worst and best scenario to understand how long it can sustain when there is an economy crisis.
Even if you are allowed to operate, are you able to get customers?
The expert will guide you in:
Calculating your cash flow status in 6 months’ time
A stress test on your cash flow by going through a Reality Check
Calculation + analysis + strategies
Leading you to do a Company Stress Test to show you a full picture between good, bad and real scenarios.
Offering you different options. With these options in mind, you can choose to make the “hardest decision” now or in the next 6 months when the time comes.
Action 1
Action 2
4 key decisions
Once you have reassessed your financial situation, you will be clear on which segments to prioritize and to then utilize the strategies and tools below:
Lockdown is here again. As an entrepreneur, you must be cautious and careful. Now, all you need to do is to look into the 3C1S and implement them carefully. Cash, Credit, Cost, Sales
Our experts will guide you in:
Credit Strategy: how to maintain a good relationship with the bank and by using the result of “Cash Stress Test”, you proceed to next stage: strategy and execution.
Sales Strategy: how to use Bundle Strategy + Fast Strategy
Operating Cost Strategy: how to analyse your expenses + Priority Strategy
Cash Strategy: how to use Cash Conversion Cycle Strategy + 7 Levers Strategy
Begin with the end in mind, have you set your company’s target yet?
Speed is the key to survival at this critical time. How can you respond with unprecedented speed?
General Motors shut down its car factories and temporarily reduced the wages of its employees during the first wave of the outbreak. Then, it immediately turned to producing respirators and personal protective equipment for hospitals across the country. They turned very quickly.There were four steps.
Step 1: Fast learning
Step 2: Quickly clarify your goals (based on your Core-competency)
Step 3: Make a decision fast
Step 4: Act fast
How to find your business differentiation and form it as your core competitiveness
Without any of the above, there is no reason to retain your customer as they will only distinguish you with price, hence constantly offering lower price to win customer will be your only choice.
If you manage to practise these strategies, you will be just like Netflix who has found the pain point of customers by constantly providing them the benefits that they want.
In addition, Fujifilm rose again due to the differentiation that it has found from his product- Astaxanthin. By forming this differentiation into its core competitiveness, 90% of Fujifilm's performance came from Astaxanthin, and only 10% comes from the film used by medical X-ray, with a performance of $2.3 billion.
Leading a company, you need to analyse what needs a change and what does not.
During this economy crisis, an entrepreneur must figure out which product is unsellable, and which one has potential. How can you overcome this challenge?
To guide you how to use the SWT Test to find your strength, weakness and current trends, and then to create a new focus and strategy in order to win the market.
How to innovate products? How to bundle innovative products and transform it into new business model of new market?
Fujifilm discovered astaxanthin from its obsolete products and it managed to revive the brand by using this substance in its skin care products. The first innovation of Netflix was also to bundle in old element into new form. Apparently, innovation is not necessary to cost a lot.
Win the market through these innovative principles: user + product + market + engineering
How to justify if the company is in good health? A company with rapid improvement in sales and profit? No cash flow problem?
The expert will be giving you 5 financial index to measure your company’s health.
How can a business succeed? The following must be done:
If you only strive for sales without concerning on the profit, how do you know if you are really making a profit out of your efforts?
How to design a sellable products and partner it with other products that come in low costing to optimize overall profits?
Find out how much profit you can get back for every RM100 of working capital.
Teach you to use The Power of 1 and CCC tools to reduce your operating costs.
How to plan and rescope A-level employees, redeploy positions and effectively use the responsibility system.
How to leverage your relationships with team members.
How to guide managers to assign priorities in A, B, C orders while implement 80:20 rule to achieve desired results.
The biggest fear of boss is having “no results" in the end. Besides having good strategy and talents, we must make sure that we have achievements in the end.
How to use performance + management + result + process rule and DMS rule
Guide you to use simplified KPI and traffic light dashboard to change from no performance to great achievement.
A Comprehensive Financial Guidance to be given by Datin Shin!
Sign up the webinar [How Your business survives a worldwide crisis 2021] now! Datin Shin can help you seize the opportunity with lots of effective tools. She is committed to take your business performance back to the state of pre-pandemic.
With proven records, Datin Shin is confident to guide you through this crisis!
1. Being the second generation of her family business, she has grown a team of 50 staff to 800 staff today and trusted by 100,000 entrepreneurs.
2. She has improved the group's sales performance by 4000% and serviced more than 20,000 customers to date.
3. YYC has won the attention of OCBC Bank to invest and become strategic partner.
*By attending this webinar you will have the chance to win 7 tools.
