Site Archives 7million7years
KLE 120: How Much Should You Take Out Of Your Business
Now that you know where your business expansion capital is likely to come from (KLE117) – and, if you’re starting to become profitable – you’re no doubt going to want to know how much money you can take out of your business? This is a great question, one that every business owner needs to think […]
Checkpoint 6: Making It Happen!
Whereas the the $7 Million Dollar Wealth Formula (KLE82) may have seemed theoretical, the last few KLE’s (the Bonus Modules about the stock market, real-estate investing, and valuing businesses) have been – I hope – hugely practical. We covered the kinds of financial and valuation issues that are rarely, if ever, covered in the popular and traditional […]
KLE 119: The Instant IPO
If you have built a high-growth business, you will probably be thinking about how to go about doing an IPO so that you can exit with your Number intact … and, finally, in your pocket. This is the Entrepreneur’s Dream! But, I didn’t IPO my businesses; here’s why: Note: You need to be a Premium […]
KLE 118: How To Value Your Business
The whole purpose of this Bonus Module is to show you how to use your own business as a vehicle to reach your Number. So, today, I want to cover the basic ‘street smart valuation’ methods for selling (or, part-selling) various types of businesses: Note: You need to be a Premium Member to view this […]
KLE 117: A Secret Source Of Capital For Your Business
Putting in place a plan to grow your business is smart … and, necessary. Especially, if you are going to have to find ways to grow by 50%+ per annum! But, many of these activities take capital: money to buy advertising, money to create and test new products, money to franchise and / or open […]
KLE 116: The 3 Ways To Grow Your Business
Once you’ve decided that your business is worth proceeding with, you will quickly reach a point where it doesn’t seem to be growing fast enough. You will have competitive pressures, clients coming and going like they’re on a merry-go-round, and your budget targets will fall away through a combination of large and small issues that seem to […]
KLE 115: The Most Important Number!
There are whole lot of steps between writing your elevator pitch and actually running a profitable business, and there are plenty of books and other resources to guide you through the business startup process. Two of my favorite such books are: 1. For the ‘bootstrapped’ (online) startup: The Art of The Start by Guy Kawasaki, and […]
KLE 114: Your Elevator Pitch
If you’re buying or starting a business, the first thing you absolutely MUST be able to do is put your ‘reason for being’ into a sentence or two. It’s commonly called an ‘elevator pitch’ because you should be able to use it to tell a stranger what you do in between getting on and getting […]
KLE 113: 4 Absolutely Vital Questions
Although, you won’t find these four questions in any text book, they are the 4 absolutely vital questions to ask before you buy (or start) ANY business: Note: You need to be a Premium Member to view this content: … who do you think had the last laugh in that little deal?
KLE 112: How To Beat The Odds
“A 10% chance is pretty unlikely, but everyone knows that a one-in-a-million chance is a sure thing!” [Anon.] Finding – or starting – a business that grows at 50%+ every single year, compounded, is a pretty rare thing … yet, that’s exactly what you need to do if you chose business as your Growth Vehicle […]
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