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#10xDay8 has passed and man is time flying!
Check out this thread on what went down tonight at the #10xchallenge when we sat down to discuss
BUILDING A BUSINESS
We also met @advancereach who is helping leaders grow their businesses and spread their message through stages.
Check out this thread on what went down tonight at the #10xchallenge when we sat down to discuss
BUILDING A BUSINESS
We also met @advancereach who is helping leaders grow their businesses and spread their message through stages.
Let's start with a question:
How do you get confidence?
You develop a business plan that will GIVE YOU CONFIDENCE!
Make sure you know the general formula of if I do X, Y and Z I will get AT LEAST X and Y..
How do you get confidence?
You develop a business plan that will GIVE YOU CONFIDENCE!
Make sure you know the general formula of if I do X, Y and Z I will get AT LEAST X and Y..
How to Build Your Business:
1. GROW THE TOP LINE - Grow the Top Line and Manage the bottom line. The owner is focused on growing the top line, the manager focused on managing the bottom line
2. GROW INCOME - You can grow income more than you can reduce your expenses.
1. GROW THE TOP LINE - Grow the Top Line and Manage the bottom line. The owner is focused on growing the top line, the manager focused on managing the bottom line
2. GROW INCOME - You can grow income more than you can reduce your expenses.
Aim to GET OVERPAID FOR YOUR CAREER!
You will be underpaid for large parts of it. Aim to hit the sweet spot where you can get paid however much you want!
You can always grow more than you can shrink, but you need a system that puts in growth, not shrinkage!
You will be underpaid for large parts of it. Aim to hit the sweet spot where you can get paid however much you want!
You can always grow more than you can shrink, but you need a system that puts in growth, not shrinkage!
3. Income is always more powerful than expenditures.
Focus on income producing activities more than expenditures.
Sell the book before you write the book!
When you have an accounting person making your decisions, you will ALWAYS SHRINK THE COMPANY!
Focus on income producing activities more than expenditures.
Sell the book before you write the book!
When you have an accounting person making your decisions, you will ALWAYS SHRINK THE COMPANY!
4. Grow THE TOP LINE first.
There isn’t a bottom line if there isn’t a top line
5. Can’t grow while thinking small (price is a myth, no coupons, deals).
THINK BIG.
THE WAY YOU TREAT MONEY IS THE WAY
MONEY TREATS YOU.
Anything you abandon abandons you.
There isn’t a bottom line if there isn’t a top line
5. Can’t grow while thinking small (price is a myth, no coupons, deals).
THINK BIG.
THE WAY YOU TREAT MONEY IS THE WAY
MONEY TREATS YOU.
Anything you abandon abandons you.
6. People don’t cost money.
6 Reasons you’re not at 10X yet:
1. People around you settle.
Don’t settle “for your kids”. Kids are going to leave, the dream will stay with you longer!
We came as pioneers and then people SETTLED!
Until some people started becoming BUILDERS! We are done being settlers
1. People around you settle.
Don’t settle “for your kids”. Kids are going to leave, the dream will stay with you longer!
We came as pioneers and then people SETTLED!
Until some people started becoming BUILDERS! We are done being settlers
2. You have the WRONG Targets!
You need to identify exact targets!
Incorrect targets will take you to the wrong destination.
Pay attention to your targets!!
You need to identify exact targets!
Incorrect targets will take you to the wrong destination.
Pay attention to your targets!!
3. Hiring mistakes.
Not hiring help so you could go out and create and earn is a big mistake.
Outsource tasks you can outsource.
4. Disengaged staff.
You have to speak and live the 10X system and get everyone else involved!
Not hiring help so you could go out and create and earn is a big mistake.
Outsource tasks you can outsource.
4. Disengaged staff.
You have to speak and live the 10X system and get everyone else involved!
5. Not making sales a priority
You have to focus on generating revenue, expanding your customer base, always growing!
If you have no revenue no investor or partner will pay you!
The game is super simple.
- Get attention
- Keep attention
You have to focus on generating revenue, expanding your customer base, always growing!
If you have no revenue no investor or partner will pay you!
The game is super simple.
- Get attention
- Keep attention
6. No commitment to getting it DONE
Instil the commitment into you, believe it & get it done!
You have to believe 10x is real.
Instil the commitment into you, believe it & get it done!
You have to believe 10x is real.
