One thing in small business I have learnt the hard way is to never make it hard for someone to pay you. Pretend to be your own customer and see if the experience is world-class. Could these processes be streamlined? Automated? Is there a way to create recurring income for your business?
Let me ask you a question.... How future proof are you in regards to your business? For example, let's say you rely on Facebook, Google, LinkedIn, Twitter, or YouTube to generate leads and sales for your business. Tomorrow, they decide they don't like your content, or you can't advertise anymore, or your account is suddenly closed with no way to appeal the decision, and you receive only a vague indication of what you did wrong.
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Forget about never-ending sales processes. No more pushing pixels around to get your proposals just right.
What is your primary mission? Your “primary mission” is not about your business, it’s about you. A short statement of whatever makes you get out of bed in the morning. It’s not about material assets; it’s your essence of your purpose.
One of the greatest benefits of turning an ordinary business into an extraordinary profit-making machine and owning or controlling the products is the ability to get rich through duplication and multiplication. Once there was one McDonald's, one subway shop, one of everything. Even the simplest of ideas for your products and services, properly-packaged, can make you wealthy through duplication and multiplication.
One of the insider secrets to making millions is doing everything possible to minimise circumstances beyond your control. Ordinary businesses can surprise you.
It's my belief that success isn't just about making money. Most people start a business for the freedom they expect it to give to them. The cold hard reality is that most entrepreneurs end up working longer hours and for a lot less than a typical wage.