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20 views25 pages

7DBT Virtuosity Book

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ehsanfareed06
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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simple•ology® Intensive

7 Day Business Turnaround Kit

Course Check List and Workbook


V1.01

Instructions:

http://www.simpleology.com

This book is intended to be distributed as part of simple•ology Intensive: 7 Day


Business Turnaround Kit to authorized members only. It must be used in
conjunction with the simple•ology Course Checklist. Distribution is prohibited.

If you wish to share this document with someone, please direct them to
www.simpleology.com and ask them to sign up for a free account.

DISCLAIMER:
The information contained in this course does not replace the advice of your
accountant or lawyer. Our company does not warrant or guarantee the use of, or
the results of the use of, the information, principles, instructions, materials
and/or services contained in this course. The entire risk as to the results and
performance of this course are assumed by you.

Copyright © 2007 - Present Simpleology.com (a Construct Zero company)


This document is part of simple•ology Intensives: 7 Day Business Turnaround Kit
http://www.simpleology.com | http://www.constructzero.com
Contents Page

DAY 1................................................................................................................................... 3
Grab Your Gut, Stare Down Reality, Map the Road Ahead ...................................... 3
DAY 2 .................................................................................................................................. 6
The Fist Comes Down ................................................................................................ 6
DAY 3 ................................................................................................................................ 10
Cash Injection Basics ............................................................................................... 10
DAY 4 ................................................................................................................................. 13
Money Out of Thin Air with Existing Resources ...................................................... 13
DAY 5 ................................................................................................................................. 16
Quick New Products From Thin Air ......................................................................... 16
DAY 6 ................................................................................................................................. 19
Last Ditch Cash Injection Tactics ............................................................................. 19
DAY 7 ................................................................................................................................ 22
What’s Next?............................................................................................................ 22

2
Copyright © 2007 - Present Simpleology.com (a Construct Zero company)
This document is part of simple•ology Intensives: 7 Day Business Turnaround Kit
http://www.simpleology.com | http://www.constructzero.com
Day 1

Grab Your Gut, Stare Down Reality, Map the Road Ahead
As we said in the QuickStart Video, get ready to spend at least several hours each
day on this process. This is an *intensive* course meaning that we assume you
are in crisis mode. If that’s the case, nothing is more important than what you’re
about to do, so give this your top priority and your full attention.

These short lessons are going to get right to the heart of what’s important right
now. So, in that spirit, let’s dig in right now and not waste any time getting
started.

First, let’s understand what a business turnaround is.

Your business is clearly not going in the right direction or you wouldn’t be here.
Most likely, this means you are in a cash crisis. Your business is probably
“bleeding” cash – and you may be in dire need of some funds to give yourself
some “breathing room” and to comfortably reorganize for growth.

To experience a business turnaround you need to:

1. Stop the Time Bleeding

(a) Stop wasting your time on things that are not important.
(b) Stop wandering around unclear and distracted.

2. Stop the Cash Bleeding of Your Business

(a) Cut unnecessary expenditures.


(b) Stop paying too much for the services you need.

3. Stop the Stress

(a) Get clarity on where you are and where you need to go.
(b) Deal with creditors, family, and bills.
(c) Face facts.
(d) Be honest with yourself.

4. Orchestrate a Cash Injection to Give Yourself “Breathing Room”

(a) Learn cash injection tactics.


(b) Develop a plan (or several).
(c) Execute those plans with zeal.

3
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This document is part of simple•ology Intensives: 7 Day Business Turnaround Kit
http://www.simpleology.com | http://www.constructzero.com
5. Refocus on Long Term Business Growth Planning

We’ll look at each of these in more detail over the next 7 days and even walk
through these things together.

But first, we need to …

Get Your Head in the Game

In order to get the most out of anything you do, you really need to put your heart
into it.

That won’t happen unless you’re extremely clear about why something is
important to you.

So, in your Course Checklist, you have some questions to answer about yourself
and your loved one.

This is extremely important.

It may seem like an unnecessary step, but it’s not at all. By reaching deep into
your gut and facing what this will mean for you, you will know exactly why you
need to take action to turn your business around.

Getting your head into the game also comes from reducing or eliminating the
impact of various stressors you are probably experiencing right now.

Stress comes from uncertainty.

It’s likely that you are uncertain about your future, uncertain about where you are
right now, uncertain about how to resolve your situation …

This uncertainty comes directly from a lack of clarity. When we can see and
understand something there is no way we can be uncertain of it.

So, if stress comes from uncertainty, and uncertainty comes from a lack of
clarity…

What do we do next?

The rest of Day 1’s exercises will give you crystal clarity about where you are right
now. Only when you have complete clarity on your situation can you begin to
resolve it.

This step is so important that you’ll devote an entire day to it today.

4
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This document is part of simple•ology Intensives: 7 Day Business Turnaround Kit
http://www.simpleology.com | http://www.constructzero.com
There are a great many other things you need to be clear on about your business
to make it successful (for example, your core strategy, your mission, your
identity), but focusing on these things now while you’re in a cash flow jam would
be folly.

In a moment you’ll begin analyzing your cash flow and determining whether or
not an expense is necessary. An easy guide for this is to question whether or not
it is giving you a return.

ROI – or “return on investment” is the name of the game in business. If you are
investing in something that does not generate a return you are simply throwing
away your money.

Here are some examples:

 Maybe you are paying for advertising that is not bringing in any direct
sales.

 Maybe you joined a business club that is dinging your credit card every
month, but you never use it.

 Maybe you have a bigger office space than you really need.

 Maybe you have an employee that is unproductive but that you’ve been
reluctant to fire out of the goodness of your heart (that’s not good for you,
or the employee, by the way).

It’s time to get clear and honest about what is giving you a return and what is not
in your business.

So go print out your Course Checklist and follow the step by step instructions
there right now!

Tomorrow, we’ll take action on the clarity you will gain today.

Side Note: If you are part of an organization that is larger than a one-person
operation, then it may be appropriate to get other people involved for assistance
and ideas. However, remember that there is no time for leadership-by -
committee here. You are in a dogfight. It’s a race for the life of your business.
Make sure that the buck stops with you and that there isn’t too much deliberation
spent on certain things. Make fast decisions and move forward.

5
Copyright © 2007 - Present Simpleology.com (a Construct Zero company)
This document is part of simple•ology Intensives: 7 Day Business Turnaround Kit
http://www.simpleology.com | http://www.constructzero.com
Day 2

The Fist Comes Down


Day 1 was about getting clarity, today is all about action.

Today is the day where you take some immediate action to make some radical
changes in your business. It’s time to quickly and decisively remove the things
that have been sucking the life out of your company.

First, let’s remove a myth that may be holding you back …

Some may think it’s “not nice” to fire an unproductive staff member, or to close
out a contract with a vendor that is sucking you dry. Paying an employee or a
vendor for services that you don’t need doesn’t serve you, and it doesn’t serve
them either. Businesses that make decisions like that don’t stay in business long.
In fact, you’re actually doing an unproductive employee a disservice by keeping
them on. You’re reinforcing unhealthy behavior on their part and rendering them
unemployable in the future. It’s better to help them learn the hard lessons now
and move on with your life.

The same is true with any vendors you may have. Heck, some of them may be
your friends. If that’s true, then your friendship should be able to stand your
decision to stop using their services.

OK, have you put on your thick skin?

Good. Let’s dive in.

First, it’s important to understand that business is all about input and output.

6
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This document is part of simple•ology Intensives: 7 Day Business Turnaround Kit
http://www.simpleology.com | http://www.constructzero.com
To make a business profitable, one must simply get more out of their business
than they are putting in.

Obviously, some investment of time, energy, and money is required to make a


business work. However, sometimes we invest time, energy, and money unwisely
in our business and get very little in return for it.

If you are doing this, in a sense, your company is “bleeding.”

The first essential step you must take to restore the health of a company is to stop
the bleeding. You must stop the bleeding of unnecessary expenditure and you
must stop the bleeding of unnecessary time and energy.

The natural reaction of most businesses when faced with a cash flow crunch is to
try to generate more revenue. This is important, but if you focus on this without
stopping the bleeding in your company you are only making your job that much
more difficult.

In today’s checklist you have a number of tasks that you must perform in order to
stop the bleeding in your business.

You identified those items on Day 1, now’s the time to act on them.

In particular, you’ll be contacting your creditors to renegotiate, reorganize or


reduce your debts. If you owe money (and chances are you do) but can’t pay, it’s
time to come clean.

Now, there’s two ways you can do this:

1. You can contact your creditors yourself; or


2. You can use the services of a Debt Restructuring company.

Dealing with Creditors Yourself

It is absolutely vital that the people you owe money to understand your current
situation.

Be warned: telling someone that you can’t pay their bill is not going to be
welcome news –after all, they are in business just like you, and will want the
money they are owed.

However, chances are, because they also run a business, they will understand
your situation. Moreover, they know they’re not going to get any money out of
you if you go bankrupt, so it’s in their interests to assist you.

7
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The best method is to be honest about your situation and assure the other person
that you will do everything you can to honor their account. If you can
demonstrate a willingness to put things right, and honor your agreement with
them (even if it means a delayed and re-negotiated payment), the more likely they
will assist you with achieving that, and continue to do business with you in the
future.

To make this easy for you we’ve provided a collection of worksheets and
templates to address a range of various situations that you may face.

Debt Restructuring Services

Negotiating with your creditors can be a real hassle. If you put yourself in the
hands of an experienced Debt Restructuring Firm, they can approach the matter
with a lot more legal leverage.

Here’s what happens:

You sign a document that allows them to have all legal rights to your assets. If
another creditor wants to get to you, they have to go through this company first
before they can get to you.

It’s very frustrating for your creditors as it means they have to now negotiate with
this company for a settlement – which can be done at pennies on the dollar in
some cases.

You shouldn’t feel too bad about this. I mean, your creditor should be happy you
didn’t file bankruptcy! They would have received nothing if you had, so they
should at least give you credit for not fleeing from your bills.

The company doing your Restructuring will require some kind of monthly
obligation from you, but this is a matter of negotiation with them. The nice thing
is, once the deal is set, you never have to talk to your creditors again about late
bills.

Obviously if you have a relationship with a creditor, you’ll want to smooth things
over with them if you can. Just explain to them the tough situation you are in
and that you’re trying to find a way out without having to declare bankruptcy and
shirk your obligations.

Now, one of the disadvantages of using a Debt Restructuring company is that


restructuring can cause your credit to take a hit if your creditors are sore about it
(and some will be). But it will be nothing compared to the hit you’ll take from a
bankruptcy (which makes you a credit pariah for about 10 years).

One Debt Restructuring company I recommend is:

8
Copyright © 2007 - Present Simpleology.com (a Construct Zero company)
This document is part of simple•ology Intensives: 7 Day Business Turnaround Kit
http://www.simpleology.com | http://www.constructzero.com
Commercial Credit Counseling Services, Inc.

They can be found at: www.CorporateTurnaround.com

………………………………………………..

Once you have done all of this, the very last step of the day will be to recalculate
your new monthly operating expenses. If you’ve done this process correctly, this
figure should be greatly reduced.

By the end of today you’ll have gained clarity on your current situation and you’ll
have reduced your stress load. You can now focus clearly on the days ahead.

The next phase will have you concentrating completely on selling yourself out of
this crunch and injecting your business with enough cash to put yourself into a
situation where radical reorganization is possible.

Your goal is to earn at least two times your monthly expenses within the next
5 days so that you will have enough breathing room to restructure your company
for the long term.

9
Copyright © 2007 - Present Simpleology.com (a Construct Zero company)
This document is part of simple•ology Intensives: 7 Day Business Turnaround Kit
http://www.simpleology.com | http://www.constructzero.com
Day 3

Cash Injection Basics


Your target for the next 5 days will be to orchestrate a cash injection for your
business. The purpose of this is to create “breathing room” so you can make
more serious changes to your business for long term growth.

Take the figure you discovered as “New Monthly Operating Expenses” …

Multiply that figure by two.

That is now your “Cash Injection Target.”

Cash Injection Target = (New Monthly Operating Expenses) x (2)

The idea of this course is to generate enough money through the Cash Injection
process to cover your operating expenses for at least two full months.

Again, a cash crisis causes great stress and it’s very difficult to make good
decisions while under stress.

The idea of these 7 days is to get you poised for more long term restructuring of
your business. That’s going to take a lot of hard thinking and planning, so doing
that with the added stress of a cash flow crisis is too much for most to endure.

Let’s continue to turn that situation around for you.

Over the last two days we greatly reduced your operating expenses. It’s possible
that you may now be making enough money to survive just from the normal level
of sales you are making now.

Whether this is the case or not, creating a cash injection will give you a certain
amount of freedom. You’ll know that no matter what happens over the next 60
days your expenses will be covered.

Once you do this, the temptation may be to rest on your laurels. Well, before you
do that, remember that those 60 days will be over faster than you think and that
you need to set yourself up for stability after that period is over.

But we’re not at that point yet – let’s focus on the task at hand.

First, let’s take a look at how the cash injection process works …

It’s quite simple, really.

10
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http://www.simpleology.com | http://www.constructzero.com
Rather than investing money into a risky new endeavor, you’ll be leveraging your
time and energy into selling existing products through creative
measures, or possibly even creating quick new products out of thin air
for very little cost.

The idea here will be to select at least one, but hopefully several, cash injection
tactics based on the principles you’ll be learning over the next few days and
execute them with passion.

Now this may sound like “the impossible” to you, but let me assure you now that
it’s not.

In fact, allow me to bust a few common myths:

Myth #1: Only a Marketing Genius Can Bring in Fast Cash to a


Company

Let me assure you that some of the richest people I know are simply not all that
bright. Similarly, most of the real geniuses I know are so dysfunctional that they
couldn’t sell their way out of a paper bag if their grandmother’s life depended on
it.

It doesn’t take genius: it takes enthusiasm and relentless focus on simple ideas
that work.

You’ll have a ton of simple ideas that work by the end of this process.

Myth #2: These Ideas Sound Great, but I’m Not Creative Enough to
Apply Them for Myself

If you’ve already seen the videos from our guest experts you’ll know that there are
some “crazy good” ideas in there. In fact, many of them have been explained so
clearly that you’ll be able to implement them right out of the box with just a little
bit of thinking.

If you want to get your creative juices flowing, we’ve created another few
worksheets you can use that will give you so much confidence in your creative
skills that …

You’ll never be short on ideas again – for the rest of your life!

Myth #3: I Don’t Have Time To Do Any Of These Things; I’m Too Busy

If you think you are too busy keeping up with the day-to-day tasks that come with
running your business to do anything else, then ask yourself: Is everything I am
doing absolutely necessary? Or am I just preoccupied with “busywork?”

11
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This document is part of simple•ology Intensives: 7 Day Business Turnaround Kit
http://www.simpleology.com | http://www.constructzero.com
Go over your worksheet on Time Bleeding again to see how much time you lose
on non-essential tasks.

…………………

Again, at some point over the next 4 days you must choose at least one, but
hopefully several, of the tactics you are about to learn and execute them with
passion.

No one is going to do this for you. There is no reason to delay.

Go back now and review what you wrote down on Day 1 … Remember we asked
you to get in touch with what this would mean for you when you succeed?

Now, go back to finish the rest of the Day 3 items with extreme zeal.

You may just discover by the end of today that there are more possibilities sitting
right under your nose than you realized …

12
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This document is part of simple•ology Intensives: 7 Day Business Turnaround Kit
http://www.simpleology.com | http://www.constructzero.com
Day 4

Money Out of Thin Air with Existing Resources


You may not realize it, but I can guarantee that you have money sitting right
under your nose.

I don’t care who you are. I don’t care what kind of business you own. You have
underutilized assets sitting right under your nose that can be turned into cold
hard cash in days, or even hours.

No matter what your business is, you should have no trouble using at least a few
of the tactics taught here and in your coaching videos.

Now, it will be really easy at this point to be overcome by “paralysis by analysis.”


That is, you can become so overwhelmed by so many options, or be so stuck with
indecision, that you prevent yourself from acting.

You need to nip that in the bud right now.

Take notes today while you go through the training and put stars around any
ideas you generate. At the end of the training you’ll immediately begin work to
execute on at least one of these ideas.

OK, with that said, strap yourself in. You’re about to get a crash course in
“making cash from thin air” …

What follows are just a few general approaches you can try. Your coaching videos
have more …

1. Fire Sales

When retail businesses are burned down, they sometimes have “fire sales” selling
damaged goods en masse in order to try to generate funds to recover from the fire
and get their business back on track. Some people might feel too proud to do
this, but you shouldn’t feel even the slightest hesitation in doing this. There is
NOTHING more noble than to use honest ingenious ways to pull yourself out of a
tough situation. You can use the fire sale approach even if you haven’t had a fire.
Any old catastrophe will do. Even the one you’re in right now.

To get some more ideas about this see the video from “Million Dollar” Mike
Morgan that comes with this course. Mike gives you some specific real-world
tactics there that you can immediately apply.

13
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2. Referral Contests

Referral Contests are a great way of mobilizing your existing customer base to
bring in new business for you. All you need is:

(a) A list of existing customers and their contact details.


(b) A prize to offer the “winners” of the contest.
(c) A good incentive your contestants can use to bring people in the door.

Now, you can structure this in a number of ways. Here’s just one example:

If you were in a hair salon you could tell your customers to bring in all of their
friends for a free sample of a new shampoo you have. Whoever brings in the
most gets free hair styling for a year!

Of course when their friends come in, you can upsell them (politely without
being pushy) on a special deal for good products. A good “one day only” deal
with enough benefit to make it “irresistible” should do the trick.

This is great because it’s honest and fun. Your contestants aren’t selling
anything – they’re just bringing people in for free samples.

3. Joint Venture Contests

A Joint Venture Contest pits your affiliates or promoters against each other in a
friendly competition.

Joint Venture Contests operate using the same mechanics mentioned above for
Referral Contests – in this case, the affiliate or promoter that sells the most gets a
prize.

Tip: For Referral and Joint Venture Contests – or any contest in general– it’s
best to have multiple incentives. Structure the contest in such a way that there’s a
guaranteed prize for simply doing the intended behavior (referring 1 friend
automatically entitles you to a gift certificate, for example) and then add one or
both of the following:

1) an incentive based on performance – for example, referring more friends


entitles you to more gift certificates; and

2) a “lottery” or grand prize incentive – every person that refers at least 1 person
goes into the draw to win the “Uber Package” The more people you refer, the
more chances you’ll have to win the Grand Prize.

The reason for this is some people are motivated by a guaranteed incentive (i.e.

14
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This document is part of simple•ology Intensives: 7 Day Business Turnaround Kit
http://www.simpleology.com | http://www.constructzero.com
doing X will get you Y) while others are motivated by the chance of winning a big
payoff. Having multiple incentives gives you the best chance of attracting the
most number of participants.

4. Special Offers

You can get an instant sales boost by making a Special Offer for your existing
products. You can do this by offering discounts, two-for-one deals, etc.

To further stimulate sales, you can promote a sense of urgency by letting your
customers know that the Special Offer will only be available for a limited time.

Just make sure that your products really give the customers a good return on
their investment or this tactic can backfire – leaving you with disgruntled
customers that will never come back for more.

……………………

These tactics should enable you to raise a considerable amount of money that will
get you closer to your Cash Injection Target.

Aside from the quick cash infusion, applying these tactics has a more important –
though not so readily apparent – benefit: it exposes your products to more people
and greatly expands your customer base.

But what if you’re still short of your Cash Injection Target?

If that’s the case, then I suggest you check out the coaching videos that came with
this course for even more radical tactics that have been tried and tested in the
real world.

And if that’s still not enough then we’ll just have to go a step further…

We’ll have to create new products out of thin air…

15
Copyright © 2007 - Present Simpleology.com (a Construct Zero company)
This document is part of simple•ology Intensives: 7 Day Business Turnaround Kit
http://www.simpleology.com | http://www.constructzero.com
Day 5

Quick New Products From Thin Air


I’m not psychic, but I know something about you.

You can, right now, create a product out of thin air and turn it into fast cash.

How do I know this?

Because you …

1. Are human.
2. Have access to a computer.
3. Have access to the Internet.

If that wasn’t you, you wouldn’t be reading this, and those three things are all you
need these days to pull a product out of thin air.

Here are some products that are ready to be pulled out of thin air:

1. Quick Information Products

The market for Information Products over the Internet is huge.

People turn to the Internet whenever they need to know anything: how to cook a
casserole, how to woo a lover, how to retile a bathroom – you name it and you can
be sure that someone, somewhere, needs that information badly enough to pay
good money for it.

An information product can be an e-book, a manual, an instructional audio


recording, or a how-to video that you can sell over the Internet via instant
download.

If you have a special skill or if you have a particular area of expertise – and again,
this could be anything – then you should consider making an Information
Product. Just make sure that the knowledge you are sharing is really valuable or
your customers will feel duped.

The only Information Products that make money are those that genuinely help
the customer.

2. Coaching Programs

Although it can certainly stand on its own, a Coaching Program is best offered as
a service to complement your e-book, tele-seminar, or any other Information
Product.
16
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Coaching Programs are big in the fitness world, where anybody can now have an
online personal trainer to guide their day-today progress. But Coaching Programs
can be applied to almost any Information Product. An e-book about starting a
vegetable garden, for example, can be sold with a Coaching Program that offers
seasonal planting advice and general troubleshooting support.

The same people who need information (to learn a new skill or build on their
existing knowledge) also need human support – and this is exactly what a
Coaching Program can provide through Internet webcasts, live chats, phone calls,
or even personal visits.

3. Products From Affiliate Programs

Joining an affiliate program is hands-down the closest you can get to actually
pulling money out of thin air. Because in this case, you don’t even need to have
your own product to sell!

Why create a new product when you can just as easily make money selling an
existing product?

An Affiliate Program is one where you offer to sell somebody else’s products and
you, in turn, get a commission for every product sold. Amazon.com pioneered the
concept of Affiliate Programs for their books. But these days, most of the major
Internet players have similar programs that offer commissions for selling their
products. You can check out ClickBank (www.clickbank.com) for a wide range of
products you can sell on commission.

4. Product Bundles

You don’t need to make a new product “from scratch” to generate additional
revenue. Sometimes, all you have to do is find another product that complements
your own, then bundle them together to boost the overall value.

If you’re selling shoe wax, for example, why not bundle it together with a brush, a
shoe horn, and a buffing cloth and then sell the whole package as a Complete
Shoe Care Kit?

5. Upgrades of Your Own Products

You can easily create a whole new product line by coming up with an “elite,”
“professional,” or “exclusive” version of your existing products.

The upgraded version may not be all that hard for you to make, but it can enable
you to access not just a few extra customers, but a whole new category of
customers.

17
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……………………..

These are just some of the products you can create out of thin air and convert into
fast cash. There are a hundred, a thousand, even a million other possibilities – if
only you put your creativity and passion to good use.

Tomorrow, we’ll learn more of what I call Last Ditch cash injection tactics –
tactics I’d only recommend if you have your back against a wall.
But you need to know right now that I don’t recommend these methods. When
it’s so easy to convert your time and energy into money, then you can see why I
don’t recommend that you what we teach you in Day 6.

18
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Day 6

Last Ditch Cash Injection Tactics


Our goal for the past several days was to orchestrate a cash injection for your
business by leveraging your time and energy into:

1) selling your existing products through creative measures, or


2) creating quick new products out of thin air for very little cost.

I sincerely believe that you can achieve your Cash Injection Target by following
the tactics outlined in the previous chapters and in the coaching videos

Your passion and ingenuity –coupled with honest, focused hard work, and the
creative tactics you have just learned – are your strongest weapons in averting
financial disaster.

But what if it’s not enough?

What if something catastrophic happens and you find yourself with your back
against the wall?

If that’s the case, then maybe it’s time to consider the following measures:

1. Take Out a Loan

If you’re really in a bind, consider taking out a loan to reach your Cash Injection
Target.

Most people turn to family members first if they need to take a loan. This is a very
practical option – especially if they are kind enough to give you a loan at zero
interest – but be aware that it can put a strain on your family relationship. You
can lessen that possibility by voluntarily offering to pay interest, and by writing a
promissory note detailing the terms and repayment schedule.

Aside from turning to family members, you can also take out a loan against your
personal assets, your life insurance policy (provided that it’s the kind with cash
value, such as “whole life”), your home equity, or your retirement account. Talk to
your local banker about these possibilities.

Before you choose what’s best for you, be absolutely aware of all your obligations
under the loan, including any additional fees, and the interest rate you will be
paying.

Warning: There are plenty of loan sharks out there ready to bind you to an
agreement which could potentially have your loan spinning out of control. When
I was an Army Officer, there were companies who specialized in fleecing soldiers
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out of their money with mega-high interest loans. These companies still exist.
Always read the fine print and shop around for the best deal before making a
commitment.

2. Take In a Partner

Taking in a partner who’s willing to invest in your business could provide you
with more than enough cash to fund your long-term expansion plans.

The only downside to taking in a partner is that you’ll have to share company
ownership.

But keep in mind that sharing company ownership is not always a bad thing –
especially if the business can benefit from the added expertise of a capable
partner.

Warning: When you take in a partner, make sure that the partnership or
incorporation papers are done by professionals. The responsibilities and
entitlements should be clearly spelled out to avoid conflict later on.

3. Lease Equipment Instead of Owning It

If your money is tied up in an investment in specialized equipment, consider


selling them (see the section on Fire Sales in Chapter 4) to get quick cash. You
can then use some of the cash to lease similar equipment for a more affordable
monthly cost.

Leasing companies specialize in “renting out” equipment to businesses for a flat


rate for a specified time. Once this time is up, you then have the option to buy the
equipment, continue the lease, or simply return the equipment.

Warning: Selling your equipment can give you instant cash, but leasing is
always more expensive in the long run. So do the math and make sure that
the trade-off – instant liquidity versus long-term cost-effectiveness – is
worth it in your case.

………………………………

There’s a reason why each of the tactics outlined above is followed by a warning.
They are risky by nature and should only be considered as a last resort if all of
your efforts at raising cash using the tactics outlined in previous chapters and the
coaching videos have failed.

You’re now almost at the end of your 7-day deadline.

What should you do if you have already reached your Cash Injection Target?

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And what should you do if you haven’t?

We’ll find out in tomorrow’s lesson…

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Day 7
What’s Next?
Congratulations! You have just completed the simple•ology Intensive: Your 7 Day
Business Turnaround Kit.

Today is your last day to reach your target. If you haven’t met it yet, don’t
despair. You can always go through this process again until you reach your Cash
Injection Target.

If you still don’t have enough cash to keep your business afloat for the next few
months, go through this course from beginning to end one more time. Execute
more of the Cash Injection Tactics.

Once you have at least two months operating capital built-up, you can start
restructuring your company for healthy growth.

This needs to be a lifelong study, but here are some basic ideas to help you get
started:

1. Excellent Products are Tantamount to Business Health

There is simply no way to get around it – you must have excellent products for
your business to thrive.

Excellent products bring repeat customers. Excellent products generate buzz


about your business. And excellent products create raving fans that will tell other
people about your company. Excellent products = ecstatic customers = word-of-
mouth recommendations = phenomenal repeat sales = healthy, stable business.

If you think your products are simply “good” or “better than most,” then
concentrate your efforts on making them excellent. Excellent products should be
the starting point and the core of your business strategy.

The long-term health and stability of your business depends not only on sales,
but on repeat sales. And the best, cheapest and most effective way to get repeat
sales is through word of mouth recommendations made by ecstatic customers.

I repeat: Excellent products = ecstatic customers = phenomenal sales = healthy,


stable business.

Start with an excellent product and you can never go wrong. All the rest will
follow.

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2. The Best Way to Generate Consistent Low-Risk Marketing Impact
is Through Integration Marketing
“Integration Marketing” is a phrase I coined in 2003. At its core it has two basic
strategies: Basic Integration Marketing and Advanced Integration Marketing.

Basic Integration Marketing

Basic Integration Marketing is simply integrating a marketing process into


another of your own marketing processes.

Let’s say you’re selling a pair or jeans via telemarketing. Applying Basic
Integration Marketing, you can have your phone operators automatically “upsell”
your customers on a better model or “cross-sell” them on extra pairs or
complementary products.

Similarly, if you are operating an Internet business, you could easily boost your
profits by integrating upsells and cross-sells on the “thank you pages” of your
existing products.

The beauty of Integration Marketing is that it allows you to extract more money
from a single transaction than was already there. It gives you extra profit with
zero additional investment.

Advanced Integration Marketing

Basic Integration Marketing can double, triple, or even quadruple your profits,
but it is only fractionally as powerful as Advanced Integration Marketing.

What is Advanced Integration Marketing?

Advanced Integration Marketing takes it a step further by integrating your


marketing process into somebody else’s marketing process.

Advanced Integration Marketing is all about riding on the back of an existing


infrastructure – and getting in front of customers that are already
attentive.

A classic example of Advanced Integration Marketing is when Bill Gates struck a


deal with IBM to have his Operating System integrated into their computer
hardware. In effect, Bill Gates got money for every machine IBM sold without
having to market anything. Now that’s Advanced Integration Marketing. (And we
all know how much it paid off for Bill Gates and Microsoft…)

How can you do this for your own products?

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Simply by forming partnerships with other businesses so that they integrate your
marketing process (which could be an upsell, a cross-sell, etc.) in exchange for
commissions. The idea is to have your products offered to customers that are
already interested and pre-sorted – and do it without having to risk any capital.

Always be on the lookout for an appropriate opening in any marketing process


where people are pre-sorted by someone else as prospects – and then get your
offer somewhere into that process.

3. Further Study

Included in this course package are two further courses for study called
The Irresistible Offer and The Great Formula, based on two of my best-selling
books.

Both of these courses will assist you in taking your business to new heights, but
before you dive in, I highly recommend that you take simple•ology 102: The
Simple Science of Money.

In 102 you will become an expert in Money Power.

So, what will you learn in simple•ology 102 that's so important?

1. The Grand Law of Wealth

There is one simple law about wealth-building that, once fully understood, will
allow anyone to begin amassing wealth immediately.

2. The 5 Laws of Money

There are 5 laws that govern money. Those who make millions and billions
understand and live by these laws. Those who break them are doomed to
mediocrity or debt.

3. A True Understanding of Money, Marketing, Business, and More ...

To put it frankly, much of what you have been taught is either unnecessary or just
plain wrong.

4. A Simple 15 Minute a Day Way to Wealth

The 15-minute-a-day Praxis learned in simple•ology 101 is extended in 102. You


will add steps to it that allow you to apply the same simple principles to your
money life.

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Copyright © 2007 - Present Simpleology.com (a Construct Zero company)
This document is part of simple•ology Intensives: 7 Day Business Turnaround Kit
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If you're involved in business of any form this is especially important for you.
You'll learn some techniques for improving your business that work like clock-
work, and get back into the game with a vengeance.

In the meantime, please check in to the MarkJoyner.name Discussion


Community and make the following post in the “Success Stories” board:
“I Turned My Business Around!”

And relay your experiences and observations.

http://www.markjoyner.name/forums

I’ll see you there!

Mark

Mark Joyner
Founder of simple•ology

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