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Lower Business Costs Model
Lower Business Costs Model
GOALS
Find inefficiencies and eliminate them, find
strengths, and multiply them. 80% of your
coaching revenue is from 20% of your activities.
The 40% Less Audit is designed to help you
identify these activities and optimize via
outsourcing, elimination or technology
STEPS
The first step is to tabulate all
activities
Define your rev-gen activities by
analyzing each activity, marking its
impact on revenue between 1 - 5
Assess non-revenue-generating
activities
Prioritize revenue-generating activities
via optimization
Optimize non-generating activities
Assess the top 20% expense
generators on a separate list then
optimize
Activity Audit
"80% of your income/sales result from 20% of your costs"
What are your daily activities and how do they impact
your revenue?
Date
All Activities Impact on Revenue
3 2
5 connotes high impact
1 connotes no impact 5 4 1
Rev-Gen Activities
"80% of your income/sales result from 20% of your costs"
The aim here is to identify your income generators - places
of core focus in your business
Date
Revenue-Gen Activities 20% Activities = 80% Revenue
What are your Revenue- Ave. costs in USD per
generating activities (High-yield) Month
Technology &
Delegation Outsourcing
Software
Non-Rev-Gen Activities
"80% of your income/sales result from 20% of your costs"
The aim here is to identify areas you're throwing away money
Date
Non-Revenue-Gen Activities 80% Activities = 20% Revenue
What are your Non-Revenue- Ave. costs in USD per
Generating activities (Low-yield) Month
Technology &
Elimination Outsourcing
Software
Delegation
Expense Generators
"80% of your income/sales result from 20% of your costs"
What are your top 5 expenses (20% biggest costs) that
account for 80% of total monthly expenses
Technology &
Elimination Outsourcing
Software
Delegation