A summary of things you should know about Building Your Booming Business according to David Mitchell: Introduction In this episode David Mitchell reveals all his insights on Building Your BoomingRead More
The post A Preview of Building Your Booming Business with David Mitchell appeared first on The Entrepreneurs Library.
]]>In this episode David Mitchell reveals all his insights on Building Your Booming Business where he discusses 5 foundations every organization must have to succeed.
In his book Mitchell delivers step-by-step business strategies and advice that will not only take your business to the top, but will help you systemize your business, build an effective team, provide high quality customer experiences, and drive more sales. The goal of the book is alleviate the consequences that come with unmotivated employees, escalating business issues, and an overworked schedule.
This book is perfect for entrepreneurs who own a business that is experiencing stagnant sales, a lack of employee motivation, and an inability to scale.
In my book I write in a conversational tone so I use a lot of examples both from my own life and from some of my client’s lives. I gather all the information and put it in one place where a business owner can pick it up and have the basic nuts and bolts they need to create a business that’s going to be successful. A lot of the business books that I have found out there are very niche oriented and I wanted a book that ties it all together.
I tried to create a progression that if someone were to sit down and start at page one they could read it all the way through. But I also structured it in a way that you can jump in and out where needed.
In everything that you do in your business you need to be thinking about the next step.
The subtitle of the book is The Five Foundations Every Organization Must Have to Succeed. Everything that I do is built around five foundations which are Marketing, Leadership and Management, Operations, Finance, and Systems and Controls.
I started the book with Marketing and the reason why I started it with this topic is because nothing happens until somebody sells something. We don’t have a business until we put it out on the market and somebody pays us for the value that we provide them. I help the reader walk through everything from defining their product well, understanding who their target market is, pricing it appropriately and also creating marketing strategies that actually encourage action.
When I go into the Leadership and Management section I really dig deep into the leader verses the manager. They are two very different skills, a leader leads people, and a manager is somebody who manages things, processes or systems. But in order to move your organization you have to do both and sometimes you do have to manage people. At the same time you need to help inspire them so I talk about how to do that and how to develop leadership styles that are appropriate for the stage of team development.
Operations are about working with your clients to develop operations and create one that not only delivers a great experience but also is able to deliver consistently.
In the section on Finance I talk about how to get more consistently with your clients and I also discuss cash management.
The Systems and Controls section dives down deep into how to get all of these different sections to talk to each other.
At the end of the book I throw in an extra foundation called Your Personal Foundation. This discusses things like building your integrity and how people don’t judge us on our intentions but rather on what we do. So we discuss how to follow through, time management, and rounding it all out with how to prioritize between work and family.
NOTE: That was just a summary. To get the full deep dive, play the audio clip at 05:48
“As business owners we are plate spinners and as plate spinners we can’t start all 20 of our plates that we are trying to get spinning at the same time.” –Unknown
I am a business coach, consultant, and professional key note speaker. I take an entrepreneurial and business view to business leaders, owners, and entrepreneurs to help them build their business.
As I was working with business owners, entrepreneurs, and leaders I found that I was saying the same thing over and over again. So I took the same concepts and principles that I taught to my clients and combined it all in one book.
Leadership and Self-Deception by Arbinger Institute
Buy Building Your Booming Business by David Mitchell on Amazon today
Visit BuildingYourBoomingBusiness.com to learn more about the book
Visit BoomMyBusiness.com to learn more about David and het his weekly business tips
Follow David Mitchell on Twitter and Facebook
Download the full transcript here
Listen on iTunes, Stitcher , and SoundCloud
Related books:
Scaling Up by Verne Harnish
Winning the Long Game by Steve Krupp
Fail Fast or Win Big by Bernhard Schroeder
Relevant advice and tips:
5 Mistakes Entrepreneurs Make With Marketing and Branding
5 Simple Ways Entrepreneurs Can Attract Customers
What did you like and not like about this episode? Fill out this one minute survey here.
The post A Preview of Building Your Booming Business with David Mitchell appeared first on The Entrepreneurs Library.
]]>A summary of things you should know about The Startup Survival System according to Kurt Won: Introduction In this episode Kurt Won reveals all the insights on his book, TheRead More
The post A Preview of The Startup Survival System with Kurt Won appeared first on The Entrepreneurs Library.
]]>In this episode Kurt Won reveals all the insights on his book, The Startup Survival System, where he shares how a startup can thrive in the first 2 years of business.
In his book Won gives you a simple systematic approach to prioritizing your business, narrowing your focus, and increasing your results to ultimately keep your business from failing too early. The goal of the book is to help you prepare for the consequences of entrepreneurship, build a foundation for your startup, improve operations, drive more sales, and maximize profitability.
This book is perfect for entrepreneurs who are ready to launch a new startup company and need an easy, actionable guide to help them get started.
The Startup Survival System is a very easy read and I’ve made it fun with very simple language for the reader to understand. I think the biggest difference that sets it apart is that I use survival in the wilderness as a metaphor for surviving as a startup which I think helps engage the reader throughout the book.
Because this book is a very simple read I suggest the reader read through the entire thing. I found that the more you read this book and answers the questions I give you the more you’ll get out of the book.
I would really want the reader to take action on the 5 C’s to complete confidence which I introduce in the book. This is a framework that having worked with so many people I have found really works. Learning this framework will allow you to help others on your team but also in your life to build their confidence which helps them to increase their productivity and also helps your business.
Just imagine that you are stuck in the wilderness all by yourself and without any tools. If this were really the case more than likely the first thing you would do is look for shelter or build shelter for yourself. I think this is also one of the things you need to do as a startup at the beginning. And chapter one is all about exploring ways for you to protect your business.
When you are starting up a business at some point you are going to experience some testing times and any entrepreneur can attest to that. And those times will test your spirit and also push you to the brink of nearly quitting your business. And so chapter two is really about getting clarity on where you are in your business and your bigger purpose other than making money. Because when the times are tough the thing that’s going to keep you in your business and doing what you are supposed to do is having a personal mission. And so in chapter two I will ask you questions to help you gain clarity on your purpose, your mission, and what’s really driving your desire to start a business or stay in business.
If I take you back into the wilderness, once you set up your shelter you need to find fresh water and fresh food to give you the energy to survive and find your way out. In business you need sales and cash flow to sustain all of the operations that happen on a day to day basis. In chapter three I share with you tips and also a proven process to help you to increase your sales more quickly and also make more money.
In chapter four we explore what to do in order to keep predators away from stealing your ideas, sales, and intellectual property. You will see that protecting your ideas can really help you create long-term wealth. If you are in a position right now where you have a very unique product or service that you don’t want people to steal than this chapter is really for you.
Once you protect your ideas you move on to chapter five which is called Surviving the Storm. I titled it that because no matter how things are going you are going to get the good times and also the bad times. In this chapter I share with you tips and strategies on how to deal with those rough times.
Chapter six is about what I call Tribal Survival. This chapter is about look at who is on your team, who you need to get on your team, and how to become and better leader.
Chapter seven is about taking the time to really look at the big picture and what all you have achieved.
In chapter eight I explore how to leave tracks for new customers to find you. I help the reader to get clear on how to establish the branding and also your marketing strategy.
Chapter nine will really help you to gain insights on how to put systems around your processes so it’s easy for you and your team to replicate the success that you’re having.
In chapter ten we look at the finance side. What happens to your money when it comes in to your business? Do you put some of that money away or does all of it get spent? In this chapter I help you to get clarity to better engage with your money flow on a weekly basis and ensure that you don’t get caught in what I call a cash trap.
In the final chapter I talk about the need to build a business in such a way that allows you to extract yourself from the business if you choose to do so.
NOTE: That was just a summary. To get the full deep dive, play the audio clip at 5:14
“Build a business that people can rely on, not a business that relies on you.” – Kurt Won
I was born and raised in South African and have been living over in the UK for the past 15 years. I am a multi award winning consultant for startups and small business owners. I am a speaker and now I’m an author. I’ve worked with over 1,000 entrepreneurs and business owners across 15 different countries to help increase sales and drive results in their business in a much quicker time.
My mission is to be able to help empower and support as many startups and existing small business owners as possible. Over the past five years I have worked with over 1,000 entrepreneurs and small business owners and I found that there are really so many people I can help with the amount of time that I have. I knew that writing this book would be a great way to help serve more people and make a bigger impact and help more startups survive and thrive in their first years of business.
Rich Dad Poor Dad by Robert Kiyosaki
Buy The Startup Survival System by Kurt Won on Amazon today
Visit TheStartupSurvivalSystem.com to learn more about Kurt and his book
Follow Kurt Won on Facebook and Twitter
Download the full transcript here (coming soon)
Listen on iTunes, Stitcher , and SoundCloud
Related books:
Business in Blue Jeans by Susan Baroncini-Moe
Fail Fast or Win Big by Bernhard Schroeder
Profit Hacking by Steven Daar
Relevant advice and tips:
5 Financial Mistakes That Devastate Startups
5 Mistakes Entrepreneurs Make With Marketing and Branding
What did you like and not like about this episode? Fill out this one minute survey here.
The post A Preview of The Startup Survival System with Kurt Won appeared first on The Entrepreneurs Library.
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