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Simple Strategies for Growing Your Business

#86 - Travis speaks with successful entrepreneur Michael Michalowicz. Michael is a best-selling author and business owner, who established businesses and was even able to sell one business for millions of dollars. His experiences made him who is now and he gladly shares what he went through and how entrepreneurs could learn from his past mistakes. Travis and Mike share their secrets to success and how to make businesses thrive through hard work and dedication to your business. According to Mike, an entrepreneur should first find their purpose in establishing their business and then finding a niche where they can concentrate their efforts and resources on. This way your business will flourish because they’re doing what they love to do and they have a well-defined market that will provide them with a constant stream of revenue. Mike also shares his top 5 things entrepreneurs should focus on in building their business in today’s economy. These are just some of the vital things that entrepreneurs can benefit from in this episode of the Entrepreneur’s Radio Show.

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Simple Strategies for Growing Your Business

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  1. Simple STRATEGIES FOR GROWING YOUR BUSINESS How to know what is and is not working in your business Episode #86 with Travis Lane jenkins and Michael Michalowicz

  2. Levels of Growth the early stages of entrepreneurship is selling and doing - once you start selling then you have to deliver on what you're doing.

  3. Levels of Growth the next level is sell-manage -Have someone else do the selling and someone else do the doing - You have to do the managing, - the management of the culture, - the systems behind the scenes.

  4. Levels of Growth Financial success isn't top line, it's actually profitability. The ultimate success I have found for myself is defining my life's purpose and having my business be an expression of it.

  5. From Passion Level to Purpose Level First, discover your life’s purpose there is a purpose greater than making money. Ask yourself the question “What is my life's purpose?”

  6. From Passion Level to Purpose Level It’s the depths that brings clarity in life When you're on your knees there's no room for BS.

  7. Life is About Contribution It’s not just how much money you have chest-pounding thing. It's giving the most of who you are, it's sincerely contributing, it's authentically contributing to others, giving all ourselves. We have to form a business that's about contribution and generates revenue so we can further contribute.

  8. Are you Dr. Frankenstein? We become enslaved to this business that we founded and do everything just to keep feeding the monster.

  9. FINDINGSUCCESS Have a clarity of vision Evaluate what you’re doing Find a platform where you can define success

  10. FINDINGSUCCESS The skill set that you need to go into business is not the skill set normally that makes you successful.

  11. FINDINGSUCCESS It is the ultimate way to discover yourself Learn from your failures A vision is where your impact is heading Having no plans is reckless

  12. Purpose-drivenBusiness Success is an amalgamation of have a life's purpose, authentically be yourself, and have money to sustain it, and grow it.

  13. STEPSTOSUCCESS Step 1 Less Planning, More Action A little less planning, a little more action, because the learning is in the doing.

  14. STEPSTOSUCCESS Step 2 You got to have a clarity of vision. What is your purpose What's the impact you're trying to have?

  15. STEPSTOSUCCESS • Step 3 Have to do interim/short term planning Quarterly Planning or tracking

  16. STEPSTOSUCCESS • Step 4 Awareness that different is better. A lot of entrepreneurs think better is better. And from the customer's perspective, better is not better, different is better.

  17. STEPSTOSUCCESS Step 5 Start journaling A journal is a great, great powerful outlet. It lets it out, it gives an amazing amount of release. Journaling is a powerful, easy way to get yourself free and focused.

  18. listen to the full interview at theEntrepreneursRadioShow.com

  19. the entrepreneur’s radio show Conversations with Self-made Millionaires & High-level Entrepreneurs that Grow Your Business a production of Rock Star Entrepreneur Network www.rockstarentrepreneurnetwork.com

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