10 Rules To Build A Great Business

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Nothing happens by accident. If you want to move from where you are to where you want to be, you must be willing to do the work.

You must be willing to ‘play by the rules.’ According to Jenny Stilwell, ‘Find someone to build your business with from the start- doing it on your own is hard and lonely.’

‘Know that you can achieve far more with the right people than on your own.’

‘Don’t force yourself to be who you’re not. Bring complementary skills into your team.’

Have a goal and understand the levers in your business. You have to hold yourself accountable to deliver on those things.’

You have to understand how the pieces come together to create a whole business- it has to resonate with your customers.’

Stay true to your values and work incredibly hard. It won’t happen without hard work.’

‘Don’t rush. Understand what you are doing and why.’

‘It’s all about the people. The right people aligned around your company’s culture, with the right attitude, will make the company successful.’

Know what you want and how far you want to scale.’

‘As a leader, humility is key as it helps you manage people better: a willingness to listen and respond accordingly is important.’

Build relationships. People do business with people.’

Source

Jenny Stilwell (2023). The 7% Club: How to be one of the 7% of businesses that make it beyond $2M in turnover

How To Co-Create Your Dream Company

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If you want to achieve real things in your life, get out there and work with other people.

If you really want to do it, according to David Nour, ‘Teams will be comprised of passionate evangelists; leaders must direct them to evangelize with specificity and a focus on outcome.’

‘The organizational structure of the future will put customers at the center, with resources aligned around them via interdisciplinary centers of excellence.’

Support and help recipients of your value as they progress from one stage of the journey to the next; make each transition a positive experience.’

‘Listening louder to the environment expands an organization’s capacity to find and prioritize information relevant to adaptive innovation.’

Rapidly validate critical assumptions about market signals to eliminate non-starters for innovation and identify emerging trends with high potential to disrupt your business.’

Moving forward with pilots and prototypes rather than full-blown launches allows you to evolve with more agility and efficiency.’

Every organizational function must evolve to support Co-Creation of value and integration of marketing communications so that those messages stakeholders pull toward themselves are coherent across all channels.’

Use leading drivers to give you sufficient advance notice to make strategic decisions and course corrections.’

Companies need to leverage technology to provide leading drivers of consumers’ evolving needs.’

Agility and rapid response are critical to leading the internal organizational shift toward a Co-Create approach, especially when you encounter resistance to change.’

Source

David Nour (2017). Co-Create: How Your Business Will Profit from Innovative and Strategic Collaboration