The Money Podcast Live Money Coaching Call, Business Elements (Start-up phase)
Welcome back to the Money podcast. Today’s Rob shares with you a LIVE money coaching call covering the six elements of any business, from conception and start-up to selling or sustaining for the long term. Rob discusses Start-up, Sales, Staffing & Systems, Survival, Scaling and Sustainability with a particular focus on business start-up. Tune in now, to find out more.
KEY TAKEAWAYS
- Three main types of business.
- Part-time or side hustle. This is a business on the side where you do your main business or you have a career and maybe you're a bit of a property investor on the side or you sell a bit stuff on some e-commerce websites on the side.
- Lifestyle business. This is where you want a systemized you want to outsource, to leverage, you don't want to be working 60 hours a week, you want to maybe be working 10 or 15 hours a week or less. You want a remote business, you want a laptop business, and you want to be able to have your other passions, professions, vocations and vacations.
- An empire. An empire is for those of you that want to go global. You want to take over the world, you want to grow a big machine, and you don't mind working a lot.
- Elements of a business.
- Elements of the start-up phase. This phase has four elements.
- Vision. This is how do you matter and make a difference. This is what’s unique about your product, service or offer. Why should one consider you? This is what problem you solve and how you serve. The vision should inspire you and others. It should be specific and have room to grow.
- Values. This is what you stand for and against. Company values should be they should stem from they should branch out from your personal values. This is what’s most important for you or your enterprise.
- Velocity. Velocity is the speed and the direction in which you get your business out and in which you drive forward. The three main things you should focus on to create that velocity are product, customers and sales. Keep overhead lean. Be dynamic, be prolific and be agile.
- Version. Version 1 is a nice balance between what you love to produce and what the market wants. Version 2 will be feedback from the market what it wants more of and you'll improve at what you want to create more of.
BEST MOMENTS
- “When people say you can't, they usually mean they don't know how.”
- “Company values should be they should stem from they should branch out from your personal values.”
- “Do not try to be something that you're not.”
- Have an attitude of continual testing rather than things have to be perfect or finished because then you reduce the pressure on yourself which means you are more dynamic and you have greater velocity and you sell more stuff.
VALUABLE RESOURCES
- Book by the name, Property investor secrets.
- Facebook https://www.facebook.com/groups/DisruptiveEntrepreneursCommunity/
ABOUT THE HOST
Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage.
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