There are many pieces that make up a business, but the single most important factor among all its pieces is the entrepreneur.
Anything is possible as long as the entrepreneur has the ability to figure these 3 things outs:
1. Learning The Right Skills
2. Developing The Right Character Traits
3. Building The Right Belief Systems
There are only 2 ways to grow a business:
1. To increase your number of customers.
2. To increase the average profit per customer.
As marketing costs continue to rise due to competition and saturation, the businesses that win are those that learn how to maximize profits over the long term.
Most businesses compete over the same 3% of prospects within any given target market.
An opportunity for exponential growth exists in knowing how to convert the remaining 97% of prospects.
Here is how.
Businesses are systems. Here are 3 critical steps to improve the throughput of revenue and profit in your business.
1. See Your Business Like A Pipeline
2. Root Cause Analysis
3. Compounding Improvements