1. Visioning
1 Draw of a picture of what your projects would look like when completed: entrance, office, landscaping, workspace
Troy to do this comprehensively COMPLETO INCLUSIVE Be alive be motivated energized by this picture. You can do a an
great one by working with the architect or designer to complete your vision
2. Draft you VMBP
3. Draw a road map
2. BE violently insane obsessed with customer service Be like SJ (Steve Jobs, when it comes to CUSTOMER SERVICE he is passionately fiercely obsessed.
observing simplicity, efficiency functionality as key features. Improving customer experience. Look is important the satisfaction of 5senses. Want satisfaciton
CS and COBS
3. Some billionaire tidbits
1. Entrepreneurs go into their own venture to establish control of business and independence
A tradesman was working hard and was asked why working so hard/ He said he wanted to earn so much to buy tools so that he can have his own
contracting company.
But the billionaire said: you are still a working man at the control and service of somebody else: the general contractor and the owner.
Why not: seek contract, consolidate workers and trade and be a general contractor yourself: you dont need tools manpower. All you do is negotiate
contracts and you get clear profits. Adds ons % etc.
2. On securing funding from vcs and other funders
They sound so important because of mumbo jumbo but a clear paradigm injected into every ones start up mind. Input first before business
You need capital first before you can put business. What do you need the capital for: initial hires, ads, software, office equipment
But the billionaire said to Arthur who wants a $200,000 start up funding said focus on 3 S: (YOU MIGHT NOT NEED THE $200, 000)
SYSTEM
SERVICE
SCALE
So Arthur went home went into a deep reflection problem solving mode. What does he have, who is market.? What can he offer them?
So Arthur concluded that he is skillful in logistics and there is one logistics problem he is working on. So he has a list of 300 logistics company whom he
emailed offering his solution. One replied. They had a deal. If he can solve the company problem by Friday, he gets paid $6,000. And they did. Arthur
got the bank transfer of $6,000. He spent the $2,500 for someone to code him a program, spent $500 for supplies and saved the $2,000
So he went into scaling up. He made videos of his achievement for the first user and sent the gmail again to the rest of 299 addresses 3 replied. He offered
$2,000 lease of his software for their solutions. He got 3 and got contract for $6,000 monthly revenues.
After 3 months Arthur was grossing $80,000 a month, enough to gross him $1,000,000 a year
He met VAnce the billionaire again after 3 months. Would Arthur still need the VC assistance? Naw. You are right with your 3s.
4. Why is God so unfair? Why are there rich and poor people
A poor man watched in despair as he stood drenched in sweat after struggling with hot afternoon sun as he stook in a sidewalk selling fruits.
He despaired why God is so unfair why there are billionaires and poor people like him.
The only help he prayed to God (as socialist often do) is to make the rich poor - ie redistribute their wealth. He thus made the billionaire poor and gave the
poor man and the rich man each 30 oranges to sell
The poor man
The poor man did not bother to clean his oranges and sold @$1.00 each. He sold the 30 for $30.00 . He kept the $`10 and for the $20.00 he went on
an eating binge The following day, he had nothing to sell. He was still poor
The billionaire
1. He cleaned the oranges and and arranged them well.
2. He made differential pricing
5 at $0.85 $4.25 small
15 x 2.00 30.00 big
10 x 1.00 10.00
Total sales $44. 25
He earned P$14.25 more than the poor man
3. The following day, he was able to buy 60 oranges and had to hire school boy to man the new outlet//
4. THe following day he added more inventories and increased another outlet
5. On the 5th day, he consigned some oranges at some supermarkets
On the fifth day the poor man was still poor the rich man is on his way back to becoming a billionaire. So do you wonder some people remain poor?
5. Bankrupt coffee shop employing free coffee strategy
A coffee shop was visited by a billionaire one day. The day was not busy and no one visited the coffee shop Coffee was priced at $6.00 each which
was rather steep and stiff
The billionaire suggested give away coffee What the coffee shop owner squawked. "This would bankrupt me
And so the coffee shop owner sold coffee FREE Lines formed at his coffee shop. He noticed though that 40% of the coffee drinkers were not free loaders
they bought on the average $4,000 of coffee beans, pastries, bread, sandwiches which for 400 paying coffee drinkers was at $1,600 / day x 30. Not bad for
a free coffee promo
This is an example of business model. The source of revenue is not the obvious product. What is essential is not visible to the naked eye (The Little Prince)
6. A ghost product/pricing points to push sale of the desired product
It was noticed that when pricing was $3.00 for small and P6.00 (for big)sales was low. But when the price was $5,50 and $6. 00 for big. Sales for the $6.00 j umped up ? Why its psychology. The $6.00 was double the value
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