What goes into building a successful business?
Many of us have sleepless nights trying to figure out how to make our businesses successful and scalable. In this episode, I will be spilling the beans. I will share three things that can help you build a successful business without working in it as an enslaved person.
We’ll look at monetization, administration, and dealing with emergencies. All the tips that I will share in this episode are actionable. Grab your notebook and pen. You’ll need to take notes.
Key Talking Points of the Episode:
[01:54] How can you be successful?
[02:30] Monetization: Getting the money
[04:46] How to work on your sales and marketing
[07:40] Administration: This is the systemization of your business.
[08:40] How to create systems
[11:23] How to deal with emergencies
[17:03] How can you scale a business?
Quotes from the Episode:
“When it comes to building a business, right, you may have a great idea. Transferring that down to everyone else is very important.”
“If you don’t have a business model that you could scale and grow and run without, you hate to say this, but you have two options. Option number one is just like an airplane running out of fuel. You will run it into the ground. Option two is you work there until you drop dead.”
“Sales and marketing are essential to building a business.”
“An emergency is what you make of it.”
“A business is a commercial, profitable enterprise that runs without you.”
“Having money coming in solves a lot of immediate needs for your business to grow and scale so that you can hire the right people.”
