At Level One, you are designing and planning your new startup. You're gathering your initial team, raising any required start-up capital, and executing your launch plan. Your focus at Level One is to plan your new business. And get immediate market feedback to learn if your company idea and model is economically viable. This is a fancy way to state you'll be checking your services or product to see if you can offer it at a cost that enables your service to be rewarding.
Lots of entrepreneur have a great business plan, a fantastic person, and intentions are excellent, however still went bankrupt. This is because there is no profit mechanism. They do not have a service structure that produces revenues along the roadway. Your objective must constantly develop a successful organization, sustainable, not simply an excellent organization. not simply an organization that focuses on customers, however a successful organization that concentrates on the customer.
3/ Not Lucrative - This one here promotes itself. If you have the incorrect business design then you are most likely experiencing an acute absence of profits and having a hard time to make ends meet.
Get Customers or customers - If you do not have clients or customers, it implies you do not have a business. So, get your very first customer or client to begin your new company. Serve, care, and please your first client.
A farmer doesn't consume their finest crops; they are specifically scheduled for planting. Your best seeds are your best concepts. They are not the finest since they are get-rich-quick schemes; they are the very best because they have the capacity of yielding long term returns on investment. They are the ideas that will separate you from the pack and help you stick out from the crowd over an extended period of time.
Where is your focus today? If your company design is such that you must get the next client or client urgently to keep your business afloat then you have a problem. The faster you can move your focus to developing and carrying out the next new marketing system that can be automated you will start to see a velocity in the development of your company.