Building A Successful Business

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Building a Successful Business

• Common causes of a downfall Discover what creates
  profit

Podcast available at TheEntrepreneursRadioShow.com
for full interview with Sarah Shaw The
Entreprenette
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Common Causes Of A Business Downfall

• Failing to understand the difference between
  margins and cost plus
• not knowing how to price their products
• Why build margins?
• - building margins for your company to keep it
  healthy so that it can grow and thrive.

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Common Causes Of A Business Downfall

• There are key elements (margins, par and core
  metrics) to learn in order to build a successful
  business
• Business experts do not talk about these key
  elements which are useful in order to grow a
  business
• Most of them are only focused on sales

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Common Causes Of A Business Downfall

• A 10 loss can make a huge difference in your net
  profit at the end of the year if you're
  underselling your product by 10.
• You could sell a thousand of your products and go
  bankrupt.

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Common Causes Of A Business Downfall

• Failure to make strategic planning
• What is the difference between a business plan
  and a business strategy?

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Common Causes Of A Business Downfall

• Not having the right goal.
• Why do short term goals work best?

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Why You Need A Business Coach?

• In business there's so many dead end roads that
  an entrepreneur will find.
• A business coach or mentor can tell you, "Don't
  even turn down that road."

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Why You Need A Business Coach?

• In keeping your business going you need people
  like the PR and the online marketing these days
  its social media and blogging and all the
  different levels of which you need to stay on top
  of.
• And if you don't know how to do those things it
  can actually be detrimental to the success of
  your business

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Why You Need A Business Coach?

• Hearing what people have to say and being open to
  entertaining the idea that they share with you,
  it's something that can be a key that can lead
  you to the success that you want.

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Helpful Tips In Building A Successful Business

• Always making sure that you've got something new
  coming out.
• It's not just creating product and hoping that it
  sells but you need the PR and the online
  marketing, social media, and blogging, and all
  the different levels to stay on top

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Helpful Tips In Building A Successful Business

• You need a coach or mentor if you don't know how
  to do those things. Without having these can
  actually be detrimental to the success of your
  business
• Outward appearance matters in running a business

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Helpful Tips In Building A Successful Business

• Hearing what people have to say and being open to
  entertaining the idea that they share with you,
  it's something that can be a key that can lead
  you to the success that you want.

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THE ENTREPRENEURS RADIO SHOW Conversations
with Self-made Millionaires High-level
Entrepreneurs that Grow Your Business a
production of Rock Star Entrepreneur
Network www.rockstarentrepreneurnetwork.com