Read on TwitterWant to start a business?
Let me break down the basics for you:
1. Value creation
2. Marketing
3. Sales
4. Value delivery
5. Finance
Each step takes you closer to a succesful business.
1/
Real talk:
Business is simple.
Those who complicate it?
1. They’re trying to impress you
2. They’re selling things you don’t need
Business is a repeatable process of identifying a problem and selling the solution.
A successful business repeat these 5 processes well.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
Real talk:
Business is simple.
Those who complicate it?
1. They’re trying to impress you
2. They’re selling things you don’t need
Business is a repeatable process of identifying a problem and selling the solution.
A successful business repeat these 5 processes well.
2/
Value creation.
A project that doesn’t create value is a hobby.
You can’t have a business if you don’t have value to offer.
A successful business starts by creating value a prospect is willing to pay for.
Your business begins by finding the value you want to create.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
Value creation.
A project that doesn’t create value is a hobby.
You can’t have a business if you don’t have value to offer.
A successful business starts by creating value a prospect is willing to pay for.
Your business begins by finding the value you want to create.
" title="2/Value creation.A project that doesn’t create value is a hobby.You can’t have a business if you don’t have value to offer.A successful business starts by creating value a prospect is willing to pay for.Your business begins by finding the value you want to create.https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">" class="img-responsive" style="max-width:100%;"/>
3/
Marketing.
A business no one knows is a flop.
Your brand must first exist in people’s mind before you sell.
Master the art of marketing to capture high-quality attention where people care about your offer.
Earn people’s trust.
Get one step closer to the sale.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
Marketing.
A business no one knows is a flop.
Your brand must first exist in people’s mind before you sell.
Master the art of marketing to capture high-quality attention where people care about your offer.
Earn people’s trust.
Get one step closer to the sale.
" title="3/Marketing.A business no one knows is a flop.Your brand must first exist in people’s mind before you sell.Master the art of marketing to capture high-quality attention where people care about your offer. Earn people’s trust.Get one step closer to the sale.https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">" class="img-responsive" style="max-width:100%;"/>
4/
Sales.
A project that doesn’t sell is a nonprofit.
Help prospects see only you can fulfill their needs or wants.
A sale only happens when there’s a level of trust between sellers and buyers.
The more trustworthy you’re, the greater the chance you can close a sale.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
Sales.
A project that doesn’t sell is a nonprofit.
Help prospects see only you can fulfill their needs or wants.
A sale only happens when there’s a level of trust between sellers and buyers.
The more trustworthy you’re, the greater the chance you can close a sale.
" title="4/Sales.A project that doesn’t sell is a nonprofit. Help prospects see only you can fulfill their needs or wants.A sale only happens when there’s a level of trust between sellers and buyers.The more trustworthy you’re, the greater the chance you can close a sale.https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">" class="img-responsive" style="max-width:100%;"/>
5/
Value delivery.
You’re a scam if you can’t keep your promise.
Do everything to make sure you deliver your value.
The happier the customers, the more likely they’ll return for more or spread good words of mouth.
Build your reputation.
It’ll bring in more customers.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
Value delivery.
You’re a scam if you can’t keep your promise.
Do everything to make sure you deliver your value.
The happier the customers, the more likely they’ll return for more or spread good words of mouth.
Build your reputation.
It’ll bring in more customers.
" title="5/Value delivery.You’re a scam if you can’t keep your promise.Do everything to make sure you deliver your value.The happier the customers, the more likely they’ll return for more or spread good words of mouth.Build your reputation.It’ll bring in more customers.https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">" class="img-responsive" style="max-width:100%;"/>
6/
Finance.
A business that doesn’t bring in enough profit to cover expenses will close down.
Key finance focuses:
- Monitor cash-flow
- Decide on money allocation
- Make more profit than expenses
Maintain a healthy profit margin to sustain your business.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
Finance.
A business that doesn’t bring in enough profit to cover expenses will close down.
Key finance focuses:
- Monitor cash-flow
- Decide on money allocation
- Make more profit than expenses
Maintain a healthy profit margin to sustain your business.
" title="6/Finance.A business that doesn’t bring in enough profit to cover expenses will close down. Key finance focuses: - Monitor cash-flow- Decide on money allocation- Make more profit than expensesMaintain a healthy profit margin to sustain your business.https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">" class="img-responsive" style="max-width:100%;"/>
7/
These are key takeaways from Personal MBA, Josh Kaufman.
Read my blog full post on:
- Different types of value
- Why competition isn’t scary
- Successful businesses build on emotions
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚨" title="Polizeiautos mit drehendem Licht" aria-label="Emoji: Polizeiautos mit drehendem Licht">Like, comments and RT 1st tweethttps://abs.twimg.com/emoji/v2/... draggable="false" alt="🚨" title="Polizeiautos mit drehendem Licht" aria-label="Emoji: Polizeiautos mit drehendem Licht"> welcomed
Full post: https://bit.ly/Distillmike ">https://bit.ly/Distillmi...
These are key takeaways from Personal MBA, Josh Kaufman.
Read my blog full post on:
- Different types of value
- Why competition isn’t scary
- Successful businesses build on emotions
Full post: https://bit.ly/Distillmike ">https://bit.ly/Distillmi...
