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VentureMage Course – ALEX BERMAN
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Running a business is simple in theory, if you really break it down, there’s only 3 components:
You have marketing to attract new customers towards your product or sendee.
You have sales to be able to exchange their hard earned cash for your product or sendee. And ultimately you need to be able to fulfill the promise through your product or sendee. These 3 components are simple enough to learn.
Running a business is simple in theory, if you really break it down, there’s only 3 components:
You have marketing to attract new customers towards your product or service.
^ou have sales to be able to exchange their hard earned cash for your product or service. And ultimately you need to be able to fulfill the promise through your product or service. These 3 components are simple enough to learn.
Market it, sell it, and build it.
And if you have some profit left to continue this process, congrats, you are in business.
So why isn’t everyone rushing to become an entrepreneur if it’s that simple?
Well, you see there’s a bit of a problem for most entrepreneurs.
Let’s get back to the 3 components:
Marketing
in order to do a successful marketing campaign you need traffic, also known as eyeballs. This isn’t free. You need to either be willing to pay for ads, pay for an influencer to shout you out, or build an audience over time, and time is money.
Sales
If you can sell that’s fantastic, you’re an asset for your own business. But what happens when you fill your own calendar with meetings? You become capped, you can’t grow any further. Which means you need to invest money into hiring others. If you can’t sell, you need to hire from the beginning.
Fulfillment
You could be fulfilling yourself, if you’re a freelancer, but then who’s selling for you? Can you do both and grow a multimillion dollar business? Chances are the answer to that is no. You will need to hire additional people in order to grow your business.
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