Five Laws of (Successful) Business (Wealth) - How the very few achieve Success, Growth, Money, and Time!
Dr. Mitch Levin, Investor, Business Transition Expert
"Why Some Business Owners Get More Cash When Selling Or Transferring The Company - And How You Can Too!" Get And Keep At Least 17% More While Lowering The Cost To Your Next-Gen By At Least 20% Legally And Ethically!"
- Clarity—what you deliver and why; what it means to your customer; who your customer is, what your customer wants and how, what you want your company to be and be described as, what you want your employees to do and say; and what not to do or say, what the biz of your biz is; KPIs; ongoing info as if selling your biz today; what your business should do and be for you; how would you spend time differently; example of 20 years in advance—how you would handle it...One is the loneliest number;
- Commitment—to grow; what got you here won't get you there; in order to get a better result, you must have a better process with better people; if you cannot change your people, change your people; to be better; to do better; to have more money; to have more time; systems, vapor to paper, for you to "work" and "do" less, to grow more business, to develop your EEs, develop yourself, develop your markets, develop improved deliverables; coaching, BODs, marketing, sales; automation and delegation (FYODOROV, DEBAKEY, LEVITT, MORGAN & MORGAN, TOM CLANCEY)
- Communication—how you do anything is how you do everything; from your bathroom to your parking lot to your reception area to your "factory floor", to your phone and emails .; one to many EEs and CCPs; lead generation, list management, high value high frequency, vendors, COIs, verticals and horizontals; updates, in-bound and out -bound calls; scripting; empowerment of EEs; to your "board" to your vendors, affiliates, COIs
- Customer—front door/back door; stop pissing us off, WAYMISH (why are you making it so hard), deliver more, go where we hang out; CAB; go upstream to the money, weed your garden; your average vs your ideal; avatar; why choose you as opposed to every and any other or nothing at all; why and how to change to you; we buy when we are ready; risk mitigation; trust; keep existing customers; find new leads continually from multiple sources
- Cash—finance everything you purchase; structure of your business; Levin's law of 11— or less than 1% per month (increase transactions, increase price, increase frequency, increase customers)=50+% increase in revenue!; how to take out cash, manage your risk, reduce your concentration in a high-risk, illiquid, micro -cap stock; manage and reduce your taxes (most will spend more in tax than on everything else combined—and it is not necessary); convert equity into liquidity (you cannot eat equity);
"And what this means to you is" : .More money, more time, more fun—the ultimate work- optional lifestyle. None of this is costly. In fact, most of it is FREE and simple. It boggles why more don't do it. Because they don't know? Well, now you do. No excuse. Let's get going. Join my Maverick Millionaires today. And be the envy of your peers, the hero to your family and community and customers.
Bonus Law: Consistency—"How you do anything is how you do everything" according to the way many view you. Be consistent in your values, and your vision. Be consistent in your behaviors and habits. The wrong advice: do what you love; the better advice: love what you do...because the grass is not greener.. We all have regulations, competition, banking, HR, marketing and sales issues.
Grow Your Income By 30% While Working Only 3 Days A Week, 3 Weeks A Month - GUARANTEED! www.maverickmitch.com/start-here
About Mitch Levin
For 4 decades, Mitch has mastered how to build and implement successful business and private practice strategies. He has refined over 28 business growth and profit systems and have built, bought or sold over 43 different businesses representing more than $573M in assets.
Consulting Services
5 年????
The WisdomToothDoc? - Performing Tooth Extractions Without the Need for Opiates ???? Ask Me How!
5 年Agree! All these can be done for Free. Even the bonus law.
How to Survive and Thrive in Your Dental Practice - Beating CoVid-19 ?? MasterYourPractice.com/surviveandthrive
5 年Great tips!