Shiny New Gadget of The M< onth: The Kenyon City Grill
As we draw close to the end of summer, many of us are stowing our grills in preparation for the cooler months. Others never had a grill in the first place, banned by their lease from ever
Think about the way your business runs. You attract prospective clients, convert them to customers, collect the money, cultivate repeat business and encourage customers to refer other prospective clients. While each of these steps entails specific challenges, one of your main goals as an entrepreneur should be to automate as many of these steps as possible. This way, you can generate income while you sleep.
doing any sort of grilling. Regardless of the reason, pretty much everyone bemoans a grill-free existence, even if it’s only for a few months. Enter the Kenyon City Grill, a handy grill for those of us who need to stay inside to cook up a hot dog or hamburger. With some complicated engineering tricks, the grill can cook anything you throw at it with virtually no smoke, far exceeding
Here are a few key ways to implement systems that perpetuate your business without your involvement.
the requirements of city fire codes and preventing you from getting smoked out of your kitchen. Its $475 price tag may seem a little steep, but consider the convenience of grilling right from your kitchen, all year long – even
4. SELL YOUR SYSTEM CHEAP AND MAKE MONEY ON THE REFILLS. We’re talking primarily about businesses that produce tangible goods here. Think Keurig coffee makers and HP printers. In these cases, once consumers own your brand of device, you’re guaranteed their continued business. 5. BECOME THE MIDDLEMAN. Find a way to broker business and let other folks do the work for you. Becoming an Amazon affiliate is a great example. You link to their site, they sell, and you make money. 6. BECOME A TEACHER. Look at your business and find ways to teach other entrepreneurs how to acquire the skills necessary for opening their own business modeled on yours. It’s another way to position yourself as an authority, enhancing the credibility of your brand, and it can be a great way to cash in on the educational aspects of your expertise. 7. BECOME AN INVESTOR. Money makes money, but it’s important that you’re careful about how you invest as an entrepreneur. Look at your clients and assess their needs. Find a company (in addition to yours) that addresses those needs and invest there. This way, you forge a bond between your company and another, but you cement your position as the business that caters to your clients’ desires.
1. MAKE YOURSELF INTO A PRODUCT. Once you’ve found success, you should look for opportunities to promote yourself as a brand. Position yourself as the authority in your niche and develop products like videos or books that share your secrets to success. 2. DO FEWER THINGS. It’s impossible to automate aspects of your business if you insist on doing everything yourself. You need to train your staff to handle certain aspects of your business. The best way to do this is to simplify your output. Look at McDonald’s. They do basically five things: burgers, fries, chicken, salad, and soda. They package these things differently and sell them in different combinations, but the simplicity is what allows them to reproduce the menu in locations all over the world. Identify your strengths, streamline your offerings, and focus on the items you can train your staff to replicate. 3. CREATE CONTINUITY. Billing for each service or product you supply is volatile, because both your revenue and your client’s expenses vary wildly. Instead, consider selling a subscription at a flat rate – with maximum quality and minimal hassle, it’s the ultimate win-win for both you and your clients.
if you’re in an apartment! – and you can quickly see the benefits.
Vector Choice would like to recognize another one of our long-standing customers, Menders Inc., for the month of August. Menders became the first home care agency to be licensed by the state of Georgia to provide care and assistance to seniors in their private homes, retirement communities, and other long-term care and assisted living residences.
They have been part of the Vector Choice family since 2012.
MIKE MICHALOWICZ started his first business at the age of 24. With no experience, no contacts and no savings, he systematically bootstrapped a multimillion-dollar business. Mike is the CEO of Provendus Group. He is alsoMSNBC’s business makeover expert; a keynote speaker on entrepreneurship; and the author of the cult classic book The Toilet Paper Entrepreneur . For more information, visit www.mikemichalowicz.com.
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