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Business owners often wonder what the secret to success is in starting a profitable business. Today you’ll be in on the secrets and the most essential tactics for building your way to success in your business.
I'm very excited to have this episode with Mark Bouris. If you don't know him, Mark is the host of The Celebrity Apprentice show. He is the chairman of Yellow Brick Road, and he also hosts a podcast called Mentored. Now, he is also a keynote speaker at Certified Ballers Live. With his vast array of experience, he's a fantastic person to learn from when it comes to success.
You'll surely learn a lot about the steps to success, and how, like Mark has created his own playbook to success, it is possible for you too. Check these show highlights and tune in to the show!
Starting Out In The Business (02:44)
- The first time he got a taste for business was at school.
- He developed a product, market-tested it, and made sales.
- Mark is originally best known for his Wizard Home Loans business.
- He started as a property developer. They were struggling to get funding for small properties and developments they had to build.
- Meeting with the mortgage brokers who got the funding for them ignited his spark of interest in getting into the business.
- His specialized capital markets degree became valuable for him in running Wizard.
The Biggest Obstacles of Entrepreneurs (09:14)
- Most business owners don't run the business in any form of structure. Not by the legal structure means, but they don't have structured meetings, and everything they do is a little day-to-day effort.
- There is no discipline. Despite turning to work and working hard on what they do, they don't have formal regulations in the business.
- You have to tend and be at the centre of the ten most essential things in business on a repetitive rhythm.
- People should not run businesses. People should be implementing the disciplines and structures and rhythms that run the business.
- Businesses should have a playbook, which determines the rhythm of what teams do in the game. You, as the manager or the CEO, have a role in managing that playbook.
Developing a Playbook for Success (12:22)
- The playbook was developed through a series of mistakes and tips from successful people.
- It is ten fundamentals that you must have in the rhythm of the business compiled in 10 chapters.
- Mark articulated concepts that he wanted to impose over his business and which might seem essential as an investor.
- The key is putting it into a simple language that has a logical and understandable format.
Winning the Game (14:24)
- It's challenging to invent processes and systems that have proven to work. What you've got to do to build up your business is to ma
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