Friday, December 18, 2015

Leadership

In small business owner is the dominant personality.
To max potential of business max to potential of owner
If business growing/stagnant its direct reflection of leadership

Biggest Obstacle
  If someone told you they would pay you 1million if you get 20 customers?
    - Apathy - is the biggest obstacle
  How to batter apathy
   Choice, Courage, Vision
  How to maximize potential
   max your time, effort, potential
 
1. Time
  Our challenges
     distracted, easy,
  Determine value?
    profit activity generates
    achieve business vision
    next level

 Pareto Principle
 Value   Input  Output  Return
  A         1%      50%       5000%
  B         4%      64%       1600%
  C        20%     80%         400%
  D       80%      20%         25%

If you do A, B, C for next 30 days, where will you be?
How to get high-value task done?
  - Identify, Scale-to-magnify & consistently get-done.

What task brought the most business?
   Deploy apps magically using compose
 
General high valued tasks
  - Developed lucrative ideas
  - Referral, partnerships
  - Events
  - Strategies

Tag tasks as A B C D
  - Delegate, Defer, Delete, Design out



2. Maximize Efforts?
  Upgrade peer group,
  expert in one thing
  decision that really count

Upgrading your peer group
Level                    1                 2             3              4        
Effectiveness  Ineffective Somewhat Effective Highly-Effective
Seek out the advice of the others

Be an expert and be a leader

Decisions
  On the fly decisions - win/loss
  Thought out pre-established criteria - most win, less loss

3. Potential
   - Scale strengths and shore up weakness
   - Surround with people who wants to grow
   - Measure the progress
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One Page Startup Validation Plan


Problem People want fixed:

Product/Service Solutions:

Target Market:

Basic Needs:

Big Benefit:

Offer

Current marketplace prod/srvc

Whats Missing

Preliminary research

Idea Validation Formula


Thursday, December 17, 2015

How to Turn Your Idea Into a Money Making Business Right Now



Adv of online business ?

   1. Low Startup Capital
   2. Always Open for business!
   3. Work Anywhere You Want!
   4. Access to Global Market!
   5. Cost Saving!
 

Four Costly Mistakes to Avoid!
  1. Spending too much on website!
  2. Spending too much on inventory!
  3. Implementing marketing techniques blindly (track results)
  4. Not doing a proper research!
 
Types of online business
  1. Selling physical products
  2. Selling virtual products
  3. Selling services (Offer service help)
  4. Selling other people's products or services
  5. Selling advertisements

How-to achieve online success!
  1. Create awareness
  2. Educational (Subscribe to mailing list)
  3. Validate solution
  4. Engage sales

Market Research
  1. Find best sellers
  2. Can you add more features or customer service to differentiate.
 
Selling Services
  udemy
  fiverr