Don’t make business out of Friends;
Make friends out of business.
Get into business for the right reasons.
Don’t try to create success out of systems;
create systems out of success.
It’s all about relationships.
Checklist:
- Business Plan
- Financial Plan
- Name
- Corporate Structure
- Web Domain
- Registration
- Trademark
Idea: Help people make money.
In the modern era, most of the major influential companies provides opportunities to others, whether it’s the tools or the very platform itself. By having an economical impact on lives, they create evangelicals — a community who recommend as if it’s their livelihoods.
Start with a solution to a problem; not a problem for a solution.
‘Luck’ is where opportunity meets preparation — Seneca
Don’t make ‘Sales’ your KPI (Key Performance Indicator).
Getting right to sales is skipping steps. You forget the soul of your company, and omit the little things that result in bigger, sustainable sales.
Flywheel Effect happens when one success leads to another; building momentum. Try imaging how profits can be utilized to increase value to the client/customer.
Critical Mass happens when reaching enough people to spark mass adoption, and mainstream appeal. This happens when you’re product positively impacts enough lives. All big companies started somewhere groundbreaking.