DIAGNOSIS

Tag: Business Insights in Quick Bites

Balance of Power

If more than 25% of your entire revenue (or profits) come from a single client or customer, you don't have a business. You have a job where you basically answer to multiple bosses.
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Your advertising budget can exponentially grow your profits

Your advertising is weak. It's not as strong as it could be. The same budget with better ads could generate as much as 10-30x more leads, 10-30x more customers, 10-30x more revenue and 15-100x higher profits. That's up to 100x higher profits. That's 100x, not 100%. That is 10,000% higher profits. Because one of the […]
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Do Not Trust Third Parties

If you rely on third-party service providers such as Dropbox, Google Drive, Amazon and so on for storing your data... and if their cloud is the primary home for your data, it's only a matter of time before you lose access to it... or worse, get breached. They have their uses, but your data is […]
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Trust but Verify

Whatever gets inspected, gets respected. Trusting everyone is great, but verification is simply necessary. If you trust other people to do something, be sure to intermittently verify. This includes your closest associates, partners and even the most dependable colleagues/employees.
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Commodities vs Unique Offers

People buy commodities all the time. They just don't fantasize about them. Build products, services and offers your audience can dream about buying. Build objects of fantasy. Otherwise, you're just boring and markets will sway your business a lot more than you'd like.
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Build Systems Now

If you're feeling wealthy, if your business is great, if the economy is favorable, if you have an awesome team, if your profit margins are high... remember that soon enough tides will turn. It's only a matter of time. So systemize your business now. And the systems will help your business survive when the tide […]
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