John Lee talks about the 10 principles for business success. We have also listed a summary of the video below. Watch more at his Facebook Page – http://www.facebook.com/johnleepublic
1. Product selection
– least path of resistance
– whats the biggest problems in your industry
– what can you improve
– it should sell itself
2. Speed to market
– don’t be perfect
– MVP first
– sell house fast business
3. Marketing skills
– understand your audience
– understand all distribution platforms
– strategic allience
– estate agents and other investors
4. Creating sales opportunities
– business is about profit
– selling is serving
– ask for the sale
– first 100k coaching client
– funnel
5. System like Mc Donald’s
– can you make a better burger
– process mapping
– training systems for spotty teenagers
– management
6. Talent funnel
– a team
– test people out
– attitude vs skills
7. Strong brand
– brand equity
– always be on top of people’s minds
– TV I bought
8. Rising finance
– Prove your business model not business plan
– Richard Branson still raises finance
– Backer for buying all my houses
– Expanding my own business – WD IPO.
– Get a better ROI
9. Needs assets
– borrow against your business
– protections if things go south
– diversify
10. Recurring income stream
– some kind of membership
– stack each year each year must be growth
– one time sell then get paid over and over again
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