This week, we’ll be talking about business model and business plan. Be sure to always keep your top priorities at the forefront of everything you do when you’re creating a 7 Figure Success Story. Your top priorities are the following:
1. Business Plan. Pain and solution; product path; target markets; intellectual property; risk mitigation; and staffing plan.
2. Revenue Model. Revenue streams; five year cost/revenue projections; and breakeven/profitability date.
3. Execution. Six month plan; prioritizing and focus; and systematizing processes.
Focus is key, of course, to growing a business. I find that in the business model and business summary stage, keeping one’s focus can be tricky. Note that the areas of your business that are truly important are often not urgent. Sure, you’ll fight your share of fires. But are those items ever urgent and important long term? Doubtful. Also, consider the urgent and not important—that’s often someone else’s issue. Toss it back to them. As for not urgent and not important, well that’s the stuff to delegate. Definitely.
To your amazing and IMMEDIATE success,
Christine Comaford, 7 Figure Business Builder
CEO of Mighty Ventures, Inc.
NY Times Best Selling Author
PS: Do not miss my FREE CD on building a 7 Figure Business, there are only a couple hundred left of these, and they’re VITAL to building your 7 Figure Success Story. http://www.bit.ly/iBmuI