Most health business owners do not give enough consideration to their business model. For many it can send them to an early grave… or at least the death of their hopes and dreams for their business.
Very few people have actually built the type of business that people are thinking about when they think about ideas for a business to start. In my experience one of the things most commonly overlooked and generally laughed at is having formal corporate governance. Both LLCs and Corporations need to have a formal corporate governance structure. I’ve found working with my clients over the years that taking the time to hold and document board meetings and annual owners meetings makes a dramatic difference in the way the business grows and how fulfilling the ownership experience is.
The only income stream you will ever be able to generate in most businesses, is when you make a sale of your product or service. In the corporate world, I want to step on you and dominate you so I can get to the top. You are not a friend; you are an obstacle that is in my way of getting to where I want to be.
They had only one marketing strategy. They wanted to be in Walmart. They figured that if they had distribution from Walmart that they could become wealthy quickly. They went to Walmart and Walmart loved their product.
2/ Not Scalable – Again if your Business model is flawed then you will not be able to scale it up. In other words you will not be able to grow your business beyond a certain size. A good question to ask is… ‘How long could my health business continue to operate successfully without me?’ If the answer is not long then it is to dependent on you. The result is your We want to hear from you cannot be scaled up beyond your own personal efforts.
Another wrong mindset they have, is they believe that they can do all things by themselves. They lack a learning attitude, which is to be humble and learn from mentors in their team. Their mentors are willing and committed to teach them, however, many of them always want to do ‘their own way’ and refuse to listen to the action steps laid out by their mentor. As a result, they are not implementing the proven methods to success, and hence, failure is inevitable. And this brings me to the final reason.
There are so many things you can do to show your customers that you value their business. Start with excellent customer service, quality products, guarantees for your products and value for the dollar. These are not fads by any means. They are traditions that you should adhere to in every way. These important elements will always be in style.
Numis Network is the name. Gold and silver graded collectible coins are it’s game. In case you haven’t noticed, gold and silver are a very hot topic today, so If you’re looking for other avenues of income or maybe you’ve always had a dream of starting your own business, Numis Network just might be for you.