Welcome to theCASH MACHINEReading Room CASH MACHINE July 12 – August 30, 2007 Weekly at 12 noon, Pacific Time
Homework Review:Chapter 5 Questions?
PLANNING TO PLAN WILL NOT WORK!
Keep the Plan Simple • The Concept • The Opportunity • The Strategy • The Team & Operations • The Financials • Future Pacing • Revenue Model & Cash Flow Analysis
The Opportunity What is your selling proposition? UNIQUE
Joint Venture forGrowth • Both parties have SKIN in the game • Two or more skill sets are COMBINED • Both skill sets and operations are COMPLEMENTARY • Resulting product/service is ultimately DIFFERENT from what each could do alone • Additional REVENUE opportunity with little cannabilization of previous business or customer base
Building, Leading & Protecting Your Business $89 $199 • Establish a clear VISION of what you want • Create a detailed business ROADMAP • Attract and leverage a skilled TEAM • Develop detailed marketing, sales & leadership STRATEGIES • tax laws to keep more of what you earn • your business assets MAXIMIZE PROTECT
BUILD A CASH MACHINE Personal Web Design • Concept • Full service web design for small companies • Opportunity • Marketplace is filled with Web designers with few distinctions. • Personal Web Design will emphasize customer service. • Strategy • Begin with referred clients & create sample Web sites forprospects to view. • Use marketing team to create marketing materials: emails,search engines, relative sites • Team • Owner as team leader, marketing, accountant, bookkeeper • office manager, lawyer, designers. Home business as LLC. • Financials • Goal of $6,000 in first 6 months based on $75/hr @ 40 hrs per website = • $3,000 per site, completing 2 sites per month • Future Pacing • Offered across US with revenues at $10K/month for first 12 months. • $20K/month for following 12 months 10
Partnering Proposition Partner for SUCCESS and SPEED while joining COMPLEMENTARY skill sets
Chapter Six:Building a Team Finding Players for Each Position • Lead with ENERGY • Establish a clear VISION • Develop obvious SEQUENCE of steps & achievable goals • Create fair INCENTIVES
GET A MENTOR You can’t learn how to run a business well from someone who hasn’t achieved success in his/her business
The Organization MANAGEMENT MARKETING OPERATIONS SALES FINANCE/ACCOUNTING
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CASH MACHINE WORKSHOP $1,795 $1,995 • Discover how to earn money with your skills • Find Cash Machines you can build, buy or partner with • Determine the best company model for you • Learn how to build a skilled team • Implement successful sales strategies • MORE!