Blog

Mortar Makes it Happen

Today I’d like to talk about the three keys to business development and how you can put the right bricks in place to build a solid foundation.There are three main areas of business development:   • Innovation  • Quantification• Orchestration If done well these three areas will help you build a solid foundation for your business. Let’s talk about each one of these for just a minute.       InnovationInnovation should not be confused with creativity, which is the expression of ideas. Innovation is taking these ideas and putting them into action. This is where a large amount of

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Are You Aiding & Abetting E-Myths?

  We are going to embark upon a journey through the world of e-myths and debunk them to help you avoid falling into the e-myth trap. First, let’s take a minute to talk about what an e-myth is. An entrepreneurial myth, or e-myth, is an assumption that anyone can succeed at business with: • Desire • Some capital • Projected a targeted profit This sounds great, but it just not realistic. Think of starting a business as a marathon. Sure, everyone starts out of the gate at a record pace, but after a few miles, people start slowing, and some

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The Corporate Puzzle

The 7 specific areas you need to consider in your franchise prototype process: • Primary Aim• Strategic Objectives • Organizational Strategy• Management Strategy• People Strategy• Marketing Strategy• Systems Strategy These 7 areas will fine-turn your plan for the ultimate level of success. In this lesson, we are going to cover the first three.   Primary AimIt’s essential in business development to set goals and see a vision for the future. This needs to go beyond the business and you need to think about what you want out of life. What do you dream about? How do you see your success unfolding?

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You Turn Me Right ‘Round Baby, Right ‘Round

The biggest area of turn-key businesses is franchises. There is a franchise for every industry in the world and they are fairly easy to acquire and come with practically a pop out-of-the-box pre-assembled system. McDonald’s is a prime example. In fact, a $40 billion, 28,707 strong example. There are a few things we are going to talk about: • Business Format Franchise• The Franchise Prototype• Franchise Prototype Standards Business Format Franchise The business format franchise came from an earlier model call the “trade name” franchise. The big change was in the rights. During the “trade name” days the franchise owner

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Expand the Life of Your Business

Business Life Cycle Today I’m going to talk about the life cycle of a business and how to get the most out of each cycle while also extended the lifespan of your business. The four different stages of a business life cycle are:   • Infancy• Adolescence• Growing Pains• Maturity We’ll talk a little about what each of these cycles means and how they can each help expand your business’ lifespan. Infancy This is generally considered the technician’s phase, which is the owner. At this point, the relationship between the business and the owner is that of a parent and

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