Case Study

Versus Socks

Meet Hanno & Jurgens

โ€œActionCOACH is very valuable for any business. Get a coach!โ€ โ€“ Jurgens Uys & Hanno Lategan

Where it began

Versus Socks was founded in 2015 by Hanno Lategan and Jurgens Uys. Both enthusiastic entrepreneurs who have a great passion for sports. While both were still studying, and always on the lookout for exciting business opportunities, they were frustrated by the boring, limited and low quality socks that were available at the time. They realised there is a gap in the sports market for comfortable, durable and good looking socks and they jumped at the opportunity.

From there they started drafting on their future plans. Designs were created, reliable local manufacturers were pinpointed and Versus Socks came to life.

โ€œWe strive to always move forward in ensuring we inspire as many people to enjoy exercise through excitement and creativity. Providing you with socks that will make you perform in comfort and style.โ€

Getting an ActionCOACH

Jurgens and Hanno started coaching with ActionCOACH Lindie Malan in March 2021. They were at a point in their business where growth was happening fast and had been contemplating various scenarios but felt isolated and like they didnโ€™t have anyone they could share some ideas and formulate a strategic plan with specific goals going forward.

For the first time since being in business, 6+ years (at the time), the two of them talked about a shared vision for Versus, sharing personal values with one another, did a SWOT analysis and decided on a couple of short term goals e.g. define the purpose statement for versus: To become the most loved performance brand in the world

They appointed an operational manager with great skills. This meant that both owners could delegate key tasks to this person which resulted in them both having more available time and energy to focus on building Versus. They have learnt many new important skills like how to hold staff accountable. They now know the importance of building a winning team with A-Class players.

Business Milestones

  1. Tremendous growth! Feb 2021 to Feb 2022 a 27% growth in revenue. Projected growth target Feb 2022 to Feb 2023 โ€“ 100% growth!
  2. They added additional revenue streams e.g. customised stocks, a pop-up store in Tygervalley Shopping Centre, grew the retail income supplying Sportsmans Warehouse, Total Sport and Cape Union Mart.
  3. Have also grown their global offering in the UK and the Middle East.
  4. Have grown their team.
  5. Have made some significant changes in their manufacturing processes โ€“ more efficient and cost effective.
  6. Have been featured on many TV shows.
  7. Partnered with huge brand like Asics and Garmin in promotional events.

Personal Moments

Hanno:
His stress levels have been able to come down since joining coaching and his business is no longer taking too much of his time. Him and his wife went on a two-week holiday to Mauritius earlier this year.

Jurgens:
He feels like he has been able to relax more and now understands the importance of having more time to spend with his wife and being able to exercise and do things โ€˜for himselfโ€™.

Both have been able to buy property and are building their personal wealth portfolio.

Where to next

The individual growth of their whole team has become important to them. โ€‹Their whole team is now coaching with Lindie.

They are exhibiting at the build up to the London Marathon โ€“ their first overseas exhibition at such a big event. It is also their partners first time travelling overseas.

They plan to open more pop-up stores in various locations nationally.

They are expanding their current global footprint including the Australian and USA markets.

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Have some Questions?

See some of our most frequently asked questionsโ€ฆ if you still have questions see more FAQโ€™s or explore our blog for articles covering business resources & tools for success.

Wonโ€™t this just mean more work?2024-05-06T13:17:52+02:00

Once you know the ActionCOACH definition of a business, you will never ask this question again. Our goal is to help you build a Profitable, Commercial Enterprise That Works, Without You.

The last two words are the most important because, in the end, our goal is to have you no longer working IN the business, but, instead, working ON it. That means more time to spend doing what you want to do while the business serves you, instead of the other way around.

Of course, when you set the plan with your ActionCOACH, it may seem a bit overwhelming, but no one ever said attaining your goals would be easy.

And, yes, in the first few months, it will take some work to adjust to your new plans… but the further you work into the program, the less work youโ€™ll actually have to do. And at the same time, your company will be more productive.

Simply put, youโ€™ll be working much smarter. You will be amazed at how focused youโ€™ll be and how much youโ€™ll get done. With focus, an ActionCOACH, and most importantly the ActionCOACH systems, youโ€™ll be achieving a whole lot more with the same or even less work and effort.

Will it cost me extra to implement the strategies?2024-05-06T13:35:44+02:00

No, implementing the strategies is part of the ActionCOACH experience. Give your ActionCOACH just a half-hour and youโ€™ll be shown how to turn your marketing into an investment that yields sales and profits rather than just running up your expenses.

In most cases, an ActionCOACH will actually save you money when that coach discovers areas that arenโ€™t working for you or your business. For some marketing programs, you will need to spend some money to make some money.

Yet, when you follow our easy-to-use testing and measuring systems, you wonโ€™t be risking your money on each campaign. And when we find the campaigns that work, we make sure you keep profiting from them time and again.

Remember, when you default to the accounting way of saving costs, you can only add a few percentage points to your bottom line.

Following the ActionCOACH formulas, the returns from your sales and marketing can be exponential.

What areas will you coach me in?2024-05-06T13:54:27+02:00

Our โ€œ5 Waysโ€ and โ€œ6 Stepsโ€ are two of the most powerful formulas in the world of business and we put it to use to work with you in all areas to help you multiply your revenues and profit… but that is just one area of our focus. When you work with an ActionCOACH, the emphasis taken will depend on you, your business, and of course, your goals. These key areas are:

  • Sales and Finance โ€“ You canโ€™t know if youโ€™re winning if you donโ€™t have a full understanding of the scoreboard. This is the backbone for creating profitable business, and one of the areas weโ€™ll help you get spectacular results in.
  • Marketing & Advertising โ€“ If you want to make a sale, youโ€™ve got to find a prospect first. Over the next 12 months your ActionCOACH will teach you amazingly simple, yet powerful, streetwise marketing techniques and approaches that will drive profits.
  • Team Building & Recruitment โ€“ Youโ€™ll never wish to find the right people again. Youโ€™ll have motivated, passionate, enthusiastic, and loyal team members for your business when your ActionCOACH shows you how to put our de-selection process to use.
  • Systems & Business Development โ€“ End the hopeless cycle of โ€œthe business running youโ€ and begin running your business. We will show you the secrets of having your business โ€œworkโ€โ€ฆ even when youโ€™re not there.
  • Mastery and Customer Service โ€“ Discover how to deliver your product or service consistently, making it easy for your customers to buy and leaving them feeling delighted with your service. Learn new ways to motivate your current customers to give you referrals and to ensure their repeat business.

Can ActionCOACH help your business like they have helped Versus Socks?

Complete the form and submit, once our team receives the form they will get in touch regarding how ActionCOACH programmes could help and benefit your business.

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