How to Kill The Competition

How to Kill the Competition-3

Buy or Bury. How Will Your Business Survive?

Welcome to the Jungle: Business Survival Guide: Step 10 – Staying Alive. This is the step you have been preparing for. Now that you have built a successful and sustainable business, it’s time to prepare against oncoming competition or take down existing players. The goal in this step is to keep the business alive, either by buying out – or burying – the competition.

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Expand Your Business With Duplication

Reproduction Calls For Duplication-2“Learn the 6 Tips for Expanding Your Business”

Welcome to the Jungle business survival guide step 9 is Reproduce or Die. Now that the business owner has learned the importance of investing into his or her business to facilitate business growth, the next step is reproduction. During this phase, the business owner is going to focus on duplicating to attract a new customer base, creating more locations, or targeting a different market to develop new revenue streams.

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Business Growth Requires Reinvesting

Business Growth Requires Reinvesting-2

Welcome to the jungle business survival guide step 8 is Irrigation. Within this step, the business owner is going to use the profit saved during step 7, to reinvest back into the business. The business owner has learned the importance of cash flow management and savings, now he or she is going to learn how to reinvest the cash that is on reserve to fuel business development. In a recent article entitled Warren Buffett Knows It.

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Stack Quick, Spend Slow

Cash Flow Management-2

“Learn how Managing Cash Flows Will Help Maintain Business Growth”

Welcome to the Jungle survival guide step 7 is Hoard for the Winter. Within this step, the business owner is going to learn the importance of cash flow management and savings. In order for the business owner to be able to continue growth, it’s imperative to properly manage the business’s cash flows. Understanding how the cash is coming in and being spent are keys to identifying a healthy business, which will allow it to scale.

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How to Identify Friends or Foes

 

Friend or Foe ?

“Use These Five Values to Identify Allies and Scavengers”

Welcome to the jungle business survival guide step 6 is ID scavengers. The last article mentioned how to identify a good business ally. This week is about how to identify potential scavengers, disguised as allies. Scavengers are classified as a person or entity leveraging short-term or immediate gains in a relationship. By this step, the business owner has learned how to identify an ally, and how to create long lasting relationships with another business by understanding core values, needs and wants.

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The Five Keys to Strong Alliances

Five Keys to Strong Alliances

“How a Great Ally Can Improve Your Business, Fast”

Welcome to The Jungle business survival guide’s step 5 is “Make Allies.”. An entrepreneur often thinks that he or she is going to have to do everything alone, but in order to grow, that can’t be the case. As the entrepreneur continues to transition, he or she will meet many potential allies along the way who may be able to assist in production or delivery of the product or service to the desired consumer.

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Systematizing In Business, Effectively and Efficiently

“5 Business Mistakes Systematization You’ll Need to Avoid”(1)

“How to Create A Better Business, and a 2-hour Work Week”

Welcome to The Jungle business survival guide’s step four is Mark Your Tracks. This step, in a word is called systemization, and it transitions the entrepreneur into a business owner. Last week, in this two-part post, the content focused on what things to avoid while trying to systematize. This week, thanks to a  recent interview from Sam Carpenter found on mixergy.com, he explains the eight things to do efficiently, to grow an operation, while taking the owner out of the production and process .

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Systematization is Important, Here’s What Not to Do

“5 Business Mistakes Systematization You’ll Need to Avoid”(1) 

“5 Business Systematization Mistakes You’ll Need to Avoid”

Welcome to The Jungle business survival guide’s step four is Mark Your Tracks. The step that transitions an entrepreneur to a business manager/owner. Through the first three steps, an entrepreneur has learned how to manage expenses, to create revenue-generating opportunities, and to grow revenue and consumer base through marketing tactics.Throughout this time, and the first three phases, trial and error and trial again are common.

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Bartering is Bad Business

Bartering is Bad Business

“5 Reasons Why Bartering Will Not Help Business Growth”    

In the Welcome to the Jungle business survival guide, step 3 used a combination of direct/indirect communication to teach entrepreneurs how to reach a set target market. Now that the entrepreneur has learned the “Do’s” of marketing, now it’s time to learn the “Dont’s.” All entrepreneurs must learn that in order to run a successful business bartering cannot be part of his or her business plan.

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Harvest Your Consumer Relationships

“Thinking Like a Farmer Will Boost Customer Relationships”

Thinking Like a Farmer Will Grow Customer Database”

In the Welcome to the Jungle business survival guide, step 3’s farming uses a combination of direct/indirect communication to reach a set target market. Farming is described as using direct or indirect communication with no intent for immediate sale, but with the plan to grow users into powerful consumers, later on. This style of marketing is centralized around building customer relationships.

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