Business Strategy Series Part 2: 7 Questions Every Entrepreneur Must Be Able to Answer (before you launch your business)
Sports Motivation Podcast
Niyi Sobo
4.8 • 755 Ratings
🗓️ 4 September 2018
⏱️ 25 minutes
🧾️ Download transcript
Summary
In part 2 of the business strategy series, I break down some essential questions that you've got to be able to answer before you start your business. If you've already started, this episode is even MORE important for you.
Time Stamps:
(1:22) Leave an impact with your business
(3:40) Well-established companies still lack answers to some of the most important questions
(5:08) Question #1: What is your financial end-game?
(6:19) PEN + PAD: What’s your ultimate lifestyle cost per month?
(8:49) PEN + PAD: How much $ does your business have to pay you, for you to live this lifestyle, pay your taxes, and fund your investment strategy?
(14:05) Question #2: What does perfection look like to you?
(15:00) Question #3: When do you plan on making this financial goal happen? (Benchmarks)
(15:38) Question #4: What is the purpose of your brand?
(17:40) Question #5: What is YOUR story?
(18:47) Question #6: What is the brand identity of the people that you serve?
ALL MARKETERS ARE LIARS by SETH GODIN
(20:00) Question #7: What is your vision for the people that you are serving?
(22:05) This is just the beginning of your business plan
(22:56) Coming this Friday: How to become a content creation machine!
Transcript
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| 0:00.0 | If you try to get right, then you listen to my dad. |
| 0:03.0 | He's a beast. |
| 0:06.0 | And if you don't want to listen to him, okay, okay, you don't want to get successful. |
| 0:11.0 | If you ain't trying to dominate, man, they go listen to something else. |
| 0:16.0 | Welcome, athletes, top performers, and all those looking to gain that killer instinct, that edge you need |
| 0:22.4 | to dominate in any environment. This is the Sports Motivation podcast, and I'm your host, |
| 0:28.1 | Nees Showbo. I play ball and succeeded at the highest levels, and I'm now committed to showing |
| 0:34.3 | you how you can accomplish the ambitious goals and visions that you have. |
| 0:39.3 | This podcast is designed to teach you a high-level strategy, not just fluff and hype. |
| 0:44.7 | This will cut to the core if you let it. And by taking action on the practical and next-level |
| 0:50.1 | advice I share, you will see results. Expect that. |
| 0:55.5 | Expect to be more confident. |
| 0:57.2 | Expect to be more focused. |
| 0:59.1 | Expect to be more decisive. |
| 1:01.1 | And expect to be more fearless. |
| 1:04.9 | Expect to become the leader your vision needs you to become. |
| 1:06.3 | So listen up. |
| 1:07.1 | Take notes. |
| 1:08.7 | Let's get to it. |
| 1:24.0 | Welcome back to the sports motivation podcast. |
| 1:37.9 | This is the second episode in the business strategy series, which I've decided to lay out for you because I feel very strongly about the importance of being able to know practically how to start your own business and be profitable. |
| 1:41.5 | And I don't just mean a little side business that you can make a little few extra dollars. |
... |
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