Remove how-profit-first-grows-your-business
article thumbnail

How Profit First Grows Your Business

Mike Michalowicz

If you think you can’t grow your business because you’re taking profit first, you’re wrong. Hundreds of thousands of businesses have implemented and amassed incredible growth through Profit First. This is a huge Profit First Myth. And your profit account will sit empty.

article thumbnail

6 Sources Of Purpose To Drive Business Success Today

Startup Professionals Musings

Today more than ever, the evidence is clear that business people need to find and communicate a purpose that goes beyond making a profit, in order to ensure customer engagement, as well as your own, and drive results in the marketplace. I urge you to share your purpose early and highlight it in every strategy.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

6 Marketing Specifics That Apply To Every New Venture

Startup Professionals Musings

You can have the best technology, but if customers don’t know you exist, or they don’t know how your technology solves a real problem for them, your startup will fail. How many customers will have any idea what this means to them? You need to clearly convey what makes your startup the only choice for your customers.

Marketing 353
article thumbnail

6 Ways To Improve Your Odds Of New Business Success

Startup Professionals Musings

Almost every entrepreneur and new business owner I mentor is certain that his/her idea has a very high probability of success, and all find it hard to believe that ninety percent of startups ultimately fail. It takes the right team to build a great business. Even non-profits need income to run a business.

article thumbnail

7 Modern Day Business Strategies For Long-Term Growth

Startup Professionals Musings

I have learned from experience that scaling any business is difficult. You may feel good when that first burst of customers arrives, but don’t assume that “ word of mouth ” and those early adopters will grow your business to match your dreams of success. Use them to find your relevant influencers.

article thumbnail

6 Due Diligence Goals When Vetting Business Partners

Startup Professionals Musings

Business partners can be co-founders in a startup, multiple owners of an existing business, or a joint venture. In every case, a partner can be an asset, bringing new skills and perspectives to the business; or a burden, making every decision more difficult, and taxing your lifestyle satisfaction.

article thumbnail

What Do I Do If My Business Runs Out Of Cash?

YoungUpstarts

First, take a deep breath. Once you have achieved a calm headspace, take a survey of your cash position: How much cash is left? The fast options to get business cash are: Collecting from customers. So pick your poison, accept the pain, and move on. How Can a Profitable Business Run Out of Cash?