13 Proven Steps for Business Success
Make sure your goals are written in specific. The F6 goal’s are – faith, friendship, finance, fitness and fun. You need to focus on each areas and these above F6 are the major area’s of life.
If you don’t have a clear, specific tangible goal then you need to figure out, so the first thing is what do you want and then why you doing it and when you keep asking why then it will drive you to that very motive.
You should be coachable and a coach is someone who looks at something with another set of eyes, describes it to you in his/her words and discusses how to approach towards a problem.
You need to have a real product, you can’t fake because a real product can be served to real people who are gonna pay you the real money.
The 4 suitable places for creating a product and services , which people are going to like.
You should always be a Diligent Doer and not a Happy Hoper. The Diligent Doer knows why they are doing and what they are doing whereas a Happy Hoper does just the opposite of it.
How to responsibly scale Exponential Business Growth?
If you have been around a successful entrepreneur, this is one thing which you will know right away that they are perceptually happy, the reason is they love what they do and when you build your business around, about which you are passionate then success follows.
The first thing which someone should do is to dominate the small market first and by the time they move to a bigger market people already know them because of there good reputation and brand.
Successful entrepreneurs know that quality always beats quantity, they just need one customer to build a business, so a successful entrepreneur always lay a focus on attracting one easily accessible customer.
Just think of who you are and who the largest company at your industry is, now think how valuable your brand will become if you able to strategic a line with that particular company.
Every business has to plan for advance, what successful entrepreneurs do is they measure and monitor leading metric instead of lagging metric.
Business usually fails because of poor execution not because of bad ideas.
Developing your Business Financial DNA from start to exit
There are three considerations when you are looking to build and protect your wealth:
- Mitigating Market Risk
- Being more Tax Advantaged
The Impact of premature death, if a business owner passes away unexpectedly, due to the loss family usually make rash decisions which turns them into selling the business for less than it’s worth.
Retirement, are you ready with the wealth you have which will support you with the lifestyle you want to have, if not then you need to start working on your pension, saving and assets.
The best time to think about selling your business is the day when you start your business.
Meet the Speakers
Financial Professional & Team Builder
Founder at Think Big with Geoffrey Kent