How to Build a $5 Million Business in 10 Simple Steps
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Transcript of How to Build a $5 Million Business in 10 Simple Steps
#Startups #SMB
10 Simple Steps to Build a
Dave KerpenCEO, Likeable LocalCofounder & Chairman, Likeable Media
$5 MILLION BUSINESS
#Startups #SMB
In the past 7 years, we’ve built 2 significant businesses.
Here’s how we did it:
#Startups #SMB
1. Find Trustworthy Partners
Whether it’s a close friend or family member,
partner with people you can trust.
#Startups #SMB
2. Create a strategy & focus
Use Verne Harnish’s 1-page strategic plan or another method that allows you to focus.
#Startups #SMB
3. Say no to what’s off focus
By saying no to what’s off focus,
you’ll have more opportunity to grow.
Even if it means firing your own customers.
#Startups #SMB
4. Find Peer Support
Join an organization such as EO, YEC, YPO, Vistage, or BNI
#Startups #SMB
5. Form a board of advisors
Coordinate a group of trusted mentors to counsel you on key issues.
#Startups #SMB
6. Hire Slow. Fire Fast.
The sooner you part ways with people who aren’t a fit, the better.
#Startups #SMB
7. Build great values and culture
Take time to build a place where people want to spend their time.
#Startups #SMB
8. Build your brand
Use social media to make your company bigger than it really is.
#Startups #SMB
9. Ask for referrals
The best form of marketing is your current customers.
#Startups #SMB
10. It’s the people, stupid
The single most important factor in your success is your people.
#Startups #SMB
CONTACTDave Kerpen
TWITTER@davekerpen
PHONE212-359-4355
THANK YOU
Learn how to grow your business in two minutes: LikeableDemo.com