John Lee @ Wealth Dragons
10 Principles for Business Success
Published on 22 Feb 2017
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 alliance
- 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. Raising 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
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 alliance
- 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. Raising 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
