In today's session we covered:
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- Assessing Business Models
- What went wrong in existing biz model
- Find out what's wrong, Demand, Sales, Production, Financials Custom, Custom hybrid, Standardised and reasons for each Limitations on scaling and productivity
- Building a team, Leadership and Talent
- Define your culture based on your/owerns values
- Hire people that share the same values
- Character - define what you want in your business
- Competence - define what you want in your business
- Leadership - biggest key in a growing business
- Need to learn to express self earlier so team know where you stand early and so there's no blow ups
- Reason why many people can't lead naturally
- Hire 2-3 people to trial. Best one stands
- Limits the blow ups by leading early
- Financials - plan your sales, cogs, overheads and profit
- Key is managing the costs to make profit
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- Summary of Jamie switching his business model, how he did it and why
- How to get a new hire onboard and up to speed
- Have induction and teach the person not the content
- Assess them every step of the way
- Fire them fast if not 'fitting' culture, character, competence
- What to do on their first day
- Use PeopleSpark.com for your culture tool
- Move to MRR for cashflow and business value
- ucollect.biz for xero increases cashflow
- Casey's new site pilatesandbarre.me live