BUILDING A BUSINESS WITH ENTERPRISE VALUE
1. The Trinity of Victory: Revenue, Margin, Cash Flow — Forge an unbeatable combination of steady revenue, high margins, and positive cash flow to make your business irresistible to all.
2. The Golden Moat: Human Capital — Cultivate a community of dedicated leaders, employees, stakeholders, and co-pilots, creating an asset as unbreachable as any patent.
3. The Financial Flywheel: Recurring Revenue Models — Create self-sustaining revenue cycles through subscription models, loyal customer bases, consumables, or vertical integration strategies that keep customers returning and spending.
4. Think Big and Act Bigger: Unrestricted Ambition — Embody a level of professionalism, strategy, innovation, and communication to attract the best customers and top-tier talent.
5. The Storybook: Brand Strength — Build a captivating story for your brand that turns customers into passionate advocates and ambassadors.
6. The North Star: Customer Experience — Navigate the rough seas of competition by always prioritizing customer needs and feedback.
7. The Evergreen Lab: Growth through Continuous Improvement: Continuously turn raw ideas into golden opportunities through relentless innovation and research.
8. The Crystal Ball: Data-Driven Decision Making — Utilize analytics and data insights to predict trends, understand customer behavior, and make smart, timely decisions.
9. The Master Plan: Scalability — Focus on business processes and strategies that allow you to scale efficiently without sacrificing quality or customer experience.
10. Resilient Enterprise: Risk Management — Customer and employee diversification, compliance measures, and contingency plans to protect your enterprise value from external shocks and internal and marketplace vulnerabilities.
RECOMMENDED READING
The Lean Startup by Eric Ries – This book provides a practical approach to starting and growing a successful business by focusing on experimentation, customer feedback, and continuous improvement.
Good to Great by Jim Collins – This book examines the characteristics of companies that have achieved great success and provides insights into how to create a sustainable business.
Atomic Habits by James Clear – This book offers a comprehensive guide to building good habits and breaking bad ones, helping you to achieve your goals and be more productive.
The 7 Habits of Highly Effective People by Stephen Covey – This book provides a framework for personal and professional success by outlining seven habits that can help you become more effective and efficient.
Thinking, Fast and Slow by Daniel Kahneman – This book explores the way we think and make decisions, helping you to understand and avoid common cognitive biases that can impede success.
