#112: The Power of a One-Page Business Plan
Manage episode 392098800 series 2982215
A well-defined business plan is the cornerstone of success for any business. It helps you direct your attention toward actions that truly work and generate revenue, ensuring a path to sustainable success in the competitive business arena.
In this enlightening episode, Dr. Terri Levine unravels the secret to unlocking your success through the power of a one-page business plan. She sheds light on the common challenge faced by business owners and emphasizes the transformative advantage of having a well-defined business plan.
She introduces the listeners to the 64/4 Rule, highlighting that 64% of effects only come from 4% of causes. In addition, she explores the difference between successful and struggling business owners, emphasizing that successful entrepreneurs spend money to save time while struggling business owners spend time to save money. Remember, you can always get more money, but you cannot get more time.
Don’t miss out on the opportunity to explore Dr. Terri Levine’s free one-page marketing plan, a valuable resource for those ready to take their business to new heights.
Key Highlights From The Episode:
[00:44] Today’s Focus: Unlocking your success through the power of a one-page business plan
[01:05] The most common challenge faced by business owners
[02:48] The statistics of businesses that fail within the first 5 years
[06:10] The advantage of having a business plan
[07:14] The Pareto principle and The 64/4 Rule
[07:56] The difference between successful and struggling business owners
[08:51] Terri Levine’s definition of business success
[09:14] To get the one-page marketing plan, email: terri@heartrepreneur.com
Golden Nuggets:
• You can be the best doctor, lawyer, or accountant, but if you don’t have clients, your business will still fail. [05:18]
• Business owners who have a well-defined plan significantly increase the probability of their success. [06:12]
• 64% of effects only come from 4% of causes ~The 64/4 Rule [07:25]
• “The majority of your success as a business owner comes from the top 4 actions that you are taking.” ~Dr. Terri Levine [07:34]
• Struggling business owners spend time to save money, while successful ones spend money to save time. [07:56]
• You can always get more money, but you cannot get more time. [08:14]
• If you want more business success, start paying attention to what works and generates revenue. [08:33]
Let me help you grow your coaching business:
Grab this free training and see my revolutionary process in action! Join me and my Inner Circle Students for a behind-the-scenes Live Group Coaching Call: www.6figsin6months.com
Oh yeah, feel free to join our free Facebook community here: https://www.facebook.com/groups/1024921757544017.
Want More!?
Listen to the podcast version of this content on your favorite podcast platform: Apple Podcasts | Spotify | Stitcher | Google Podcasts
Watch all the episodes and more to gain more insight on YouTube: https://www.youtube.com/@coachterri/videos.
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