Business and Investing28 Sep 2022

This is Where Most Business Owners Get It Wrong

EP 057: When I was three years into business, I thought all business problems could be solved with marketing and sales.

I was so certain the more I focused on these activities, the better my business would do.

I mean, it makes sense, right?
If I want to make more $$$, then doing more marketing and sales would surely solve that.

If I could go back in time, I would focus much more on these four things.
- Business model
- Moat (strategic advantage)
- Pricing
- Innovation (riding the trends)

And this week, that's what we discuss on the podcast.

Grant and I dig into each of these four elements and explain how each of these could be the thing to unlock the next level in your business.

Episode Highlights:
00:00 Welcome to Business & Investing
01:07 What's stopping business owners from hitting their wealth goals
05:52 Creating the right business model
10:01 What makes a better business model
15:59 Leveraging your business model
19:34 Building a moat around your business
23:33 How to create a competitive moat for your business
30:57 Correct pricing in business
37:15 Delivering value in your products or services
39:55 Business innovations
47:47 Innovating by combining and franchising

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Resources:

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DISCLAIMER:
All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.

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