Formula For Business is all about helping Owners – Directors, Partners of Skilled and Professional Service Businesses generate better earnings while doing less ‘Tech-Time’ working IN the business. Creating a better ‘business asset’ together with more choices.
Our Mission and Purpose is to help working owners of skilled service businesses make more money and build a better business asset while doing far less of the technical work, so that they can live richer lives, making greater impact on all who they touch – their work ‘family’, their home families, their clients, their industry and the greater community.
We think you have a lot more to contribute than just doing Tech-Work.
We think smart, skilled people like yourself who have had the courage to step into a responsibility greater than just doing the ‘technical’ are often capable of being much more than what your technical and professional life provides for.
You CAN make a huge positive impact on your environment when a ‘Technical Mindset’ is replaced with a ‘Growth Mindset’.
Owners of Skilled and Professional Service Businesses typically have a background of developing their technical skills within their industry of interest before jumping into building their own business, or being promoted to a position of ‘ownership’ within an existing business.
The knowledge, skills and experience needed to undertake this new challenge is beyond wheat was developed from doing technical work. Herein lies the problem; nothing in technical, professional development or experience has provided for the skills needed for the roles of business ‘Driver’ and business ‘Owner’.
DRIVERS and OWNERS of Formula racing teams don’t do the TECH-WORK and, ultimately, neither should you!
So, this is where we fit in. We focus on the key areas in which Owners of Skilled and Professional Businesses have not had the opportunity to build the skills and expertise – Building Revenue, Building People Performance, Building Efficiencies, and developing Strategy to bring it all together.
Developing these area’s within Skilled and Professional Service Businesses is the key to dramatically reducing the ‘Tech-Time’ required of working Owners and multiplying net earnings.
This is what we bring, this is what we do, this is what we love.
Formula For Business is an analogy for a Racing team. In an elite car racing team there are separate and distinct parts all working in a coordinated and synchronised fashion to produce a common goal; just like a functional Skilled Services Business.
The Vehicle is the business itself and much attention needs to be put on the set up, capacity, functional efficiency and speed at which the vehicle performs. You simply cannot compete if your business vehicle is not working well.
Then there are the critical roles needed to race the vehicle. The ‘Owner’ makes high level decisions based on ‘the vision’. The ‘Driver’ needs great skill and expertise in handling the business through many strategic challenges – no point having a vehicle which can do 200 KPH if the Drivers skill and comfort zone only extends to 100 KPH!
Highly skilled ‘Technicians’ work to provide the Vehicle with capacity. It takes many years to become a skilled Technician and many understandably build their identity around this role. This is a problem when the ‘Technician’ is to become the ‘Driver’ and or the ‘Owner’.
This is the problem we overcome. And in doing so we allow Owners of Skilled and Professional Service Businesses to have more positive impact on the world.
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