Business Decisions at http://www.guaranteedprofit.com When making business decisions we want to look at the tools that we have along with the style of thinking that..is our personal model for success. We want to be the kind of decision maker that creates better results. And that is exactly what this video on business decision making is about.

1. Making Better Business Decisions That Protect You From Business Failure

2. Making Business Decisions That Protect You From Failure Hey guys, it's Nathaneal Mohr with www.GuaranteedProfit.com and today we're going to talk about how to use the failure of your competitors, and basically everyone else, to make sure that you succeed. And we’re going to do this by outlining what causesmost businesses that fail and we’re going to turn that into a personal formula by using the inverse of that, or the flip side of that, and turning that into a personal formula for your success.

3. Making Business Decisions That Protect You From Failure So that way you don't become one of the statistics, right? A lot of us have heard the stats around why most businesses fail. You know, we’ve all heard it’s somewhere between90-98% is what we hear by the experts. And a lot of the times they say the reason most businesses fail is because the lack of funding.

4. Making Business Decisions That Protect You From Failure Now I'm going to tell you that I still have a long way to go. I have a lot to learn, but I have owned a few good businesses, and I have coached quite a few businesses, and I have also trained quite a few businesses, and invested in quite a few startups. And my experience tells me that it's NEVER because of funding. The reason most businesses fail is because they don't know how to take the appropriate resources that they have and use those resources in a way to overcome the challenges that are inherent inside their own company, as well as inside their own industry.

5. Making Business Decisions That Protect You From Failure Every industry has its own inherent challenges in any given period of time. Especially now in today's rapidly changing economy. Every business has its own inherent challenges because of the availability of resources as well as the individuals that are playing inside that company. Now when I say resources, I mean more than just money; I mean time, and I mean assets, and the assets that we have. These could be the contacts, these could be skills from the individuals within your company, etc. So it's basically never about the money.

6. Making Business Decisions That Protect You From Failure And we can prove this because we've seen a number of businesses that have had more money than they have known what to do with. And they prove that they didn't know what to do with it because they lost, right? And we've seen companies that have come from nothing, or a small business owner that has literally had less than a dollar in their pocket and they built a fortune, right? So we understand it's never about the amount of money that’s inside the business at that point.

7. Making Business Decisions That Protect You From Failure It’s about… How do we take what we have and create that or turn that into something that’s spectacular? How do we understand the map or the course that we have to go down within our industry? How do we take what we presently have and use that to overcome those challenges?

8. Making Business Decisions That Protect You From Failure That's basically it, that’s why most businesses fail. And that'show a business wins. They take what they have, and then turn that into success, right? So what do we do with that? How do we take the value from this information and apply it to businesses so we can create our own personal formula for business success? What you want to do is list out all of your resources. You want to get really creative, you want to think through what's on your side. And then you want to describe exactly where you’re at as far as your business is concerned.

9. Making Business Decisions That Protect You From Failure You want to describe exactly where your profitability is; you want to get in-depth and in detail. We’re not going to go into that here, we do get in more detail in our coaching programs and stuff like that, but we're not going to do that here. You want to draw a clear picture of where you're at, and then where you want to go, along with all the assets that you have. And then you want to describe all the challenges that are in front of you and then take your assets and say, “Okay here are my assets and how can I use these assets to overcome my challenges?”

10. Making Business Decisions That Protect You From Failure And we do that, when you think through that process effectively, you kind of get your own guaranteed profit formula for success, right? Which is what we're all really looking for. So I hope you’re able to apply the value that’s in this video to your own business and if you have any questions or comments of course you can leave them here. If you'd like to take advantage of our other personal development and business development resources, feel free to go to www.GuaranteedProfit.com if you’re not there right now. And other than that, I do look forward to connecting with you and I hope you have a great day.

11. Making Business Decisions That Protect You From Failure Other Ideas that Help You Make More Profitable Decisions Selling Larger Amounts Of Your Higher End Products or Services A Proven Small Business Social Media Marketing Idea Business to Business Marketing Question and Answer Session Building a Plan to Increase Your Monthly Put in Your Pocket Profit

12. Making Business Decisions That Protect You From Failure A few other Business Services You might find helpful Small Business Speakers Motivational Business Speakers Small and Medium Sized Business Coaching

13. Making Business Decisions That Protect You From Failure