GO IT ALONE (Bruce Judson )

Business start with minimal investment.
Running by 5 to 6 peoples at start.
Entrepreneur work hard.
Self improvement is a keystone for success in business.
technology reduce the price and risk to go for business.
Use you key skill (Do what you do the best)
The 80/20 principle
Use your strength
outsourcing,time is your most valuable asset (save your time/save 300 hours a week)
To succeed, your business must do something that is repeatable(The essence of a repeatable business is the ability to create processes and systems that determine exactly how the business will work.page 15 )
This repeatable system is built around your core competence: what you do best.
entrepreneurs need to understand what he calls “the physics of business”—the key forces that drive the sales and profits in a venture. He stresses that the most successful entrepreneurs are people who have an idea or technology but also understand how to put the system together, and where they should spend time and effort to drive the bottom line.
successful go-it-alone entrepreneurs find their inspiration in solutions they developed for their own real-life problems,then apply it to others.
reduce risk and possibility of failure
Stay closed to your costumers:>
You must tune with change in the environment (keep developing new ways of operating.
Find time dependent business;a business where time doesn't limit your income.(eBooks)
Take advantage of the internet
Kick start yourself into focused action by taking the first step.start doing.
One secret of success is to combine skills and commitment
Be Focus
EXERCISE: For one month, make a note every time you are confronted with a problem that seems ridiculous, either because it is frustrating, or it is wasting your time, or your intuition tells you that there has to be an easier way. If you solve one of these problems for yourself, you may also have invented your next career.
Use sampled ideas:something already made and make it better.

Look for unrecognized good ideas
turning a product into a service
Look for opportunities to give outsourcing
Find your core competence:>
you will excel only by maximizing your strengths, never by fixing your weaknesses.
Create your own system
Cash flow and time
Costumer feedback:>
Pricing model payment system
Know your competition
benefits of scaleThis refers to the extra values businesses typically realize when they reach a certain size.
wholesaler and supplier
The 60% rule
Franchises: traded one boss for another.
Outsourcing required the ability to delegate (Your goal in outsourcing is to create leverage for your efforts: You want to focus your time and energy where it will achieve the highest results)
The brain versus the arms and legs:>
monitor competitors:>
Simplicity always win
Build a business required discipline
Get it off the ground as quickly as possible>>Minimize risk >>-Don't be afraid of failure
Evaluate constantly your business performance (production-sales-customer care)
Don't quit your day job until you have no time to sleep
Save your money and invest in your business venture
Mistake happen learn from them Too many people, when they make a mistake, just keep stubbornly (s'enteter) plowing ahead and end up repeating the same mistakes. I believe in the motto (devise) , “Try and try again.” But the way I read it, it says, “Try, then stop and think. Then try again.”>>
Learn Why business fail
Learn how to maintain focus
Moving beyong fear

	Erstellt von Sawa Marc Andre vor mehr als 10 Jahre

Notiz am BUSINESS SKILLS, erstellt von Sawa Marc Andre am 08/04/2014.