Investopad brings you "Profits Hackathon" in association with Business Sherpa for early stage Entrepreneurs/SMEs. Hacks to increase profit and overcome growth barriers.
During this session we will:
- Vote on top 1-2 challenges we have.
- Put a business in the hot seat.
- Explore how we could hack our challenge.
- Reflect on what we learnt.
- Also, Akshay will share a mix of innovation war stories and screw ups.
The outcomes of the session: Less like a presentation, more like prototyping.
- Framework to doubling profits repeatedly different businesses.
- Challenge limiting mindsets that hold you back from maximizing profits and how to shift to winning in those areas.
- Six questions every business should ask to break out of commodity pricing and low margins.
- Test the 2 parts of creating compelling offers that win with clients and against competition.
- 42% increase in sales & 300% increase in leads 6 months for IT infrastructure firm.
- 2X monthly billing in 120 days - converting higher & faster.
- Changing the business model from one time deals with creating recurring revenue.
- Doubling average deal size from 3-6 lakhs+ in 4 months.
- Mapping and upgrading process to cut time in half.
Akshay Cherian: Co-founded Business Sherpa (http://mybizsherpa.com/) along with his wife Selvi Radhakrishnan Cherian. Business Sherpa focuses on enabling businesses to create 10X profits in two years and currently leading a portfolio 8 companies. As the co-founder of Metaresults has co-led over 50 innovation projects for mid-sized & Fortune 1000 companies with over $10 million in results.
- He currently is the executive coach to 21 product teams at Institute of Product Leadership.
- Akshay has also co-authored a book, Great Work Hack.