3. Building Blocks System 10 Foundation blocks for long term success Focus of Earn.com Focus of BBSeminar.com Focus of EarnUniversity.com
4. Business Building Blocks Passion Structure Team Finance Exit Capital Leverage Value Marketing Systems
Hinweis der Redaktion
WHAT and WHY help create a foundation to BUILD ON.Would you all agree that when you build a house or a BuildingWithout a solid foundation the entire thing can crumbleDo you believe that can be said for a relationship?, Marriage? Raising Kids? Building a Business?So what we are going to be doing all weekend is building that foundation, finding tools, resources, tips etc. to help build that foundation. Is that okay with you? We all want a business that isn’t going to fall apart. We all want a business we can grow to multi-millions and billions potentially without the worry of implosion Here is what’s key. When you put the foundation in place, you can’t pick and choose what you want – it’s all important and once you have it in place you don’t just start taking it away or ignoring it otherwise the whole thing collapses. The start of the foundation in business is deciding on the type of business you’re building….
10 Building Blocks to Business Success are what you can build on the foundation to create the business you want.Question is what comes firstAnswer: There isn’t a exact science. If you are looking for the one way to run a successful business you aren’t going to find it. If you are looking for tools for you to use and learn from others with guidance on how to make it work – how to build the bridge a lot faster, you’re in the right place. We will focus on the Foundation, Financial and Marketing during this event. Passion – #1 thing Investors look for and factor in determining successStructure – Entity, partnership, Finance – Financial reports, bookkeeping, systemsTeam – Trusted Advisors, you can’t do it allExit – Have the end in mind when you begin Marketing – It will drive the businessSystems – What you measure you can manage, what you manage gets doneValue – The purpose of Business – To add valueLeverage – Doing more with lessCapital – Access to money when you need it most, not for every day use
Risk Level drops as you build the business, hire employees, create your systems and gain access to capitalStage of BusinessAre you generating revenue – No = Idea StageHas the business generated a profit – No = Start-up What is revenue growth % year over year – over __% = GrowthIs revenue growth declining = YES = MatureAre there more competitors in the last year = YES = MatureIs your product/service at a lower barrier to entry – YES = MatureAre there new products/service lines being created – Yes = InnovationCan you be in multiple phases of the life cycle within your business at the same time?In order to bridge the gap you need to know where you are today. The other part is knowing how to build that bridge. Here are some tools to help you do that that many small business owners use and most don’t even know it…