Podcast

6 – The Blueprint of a Great Business | Colin Morgan on the Daily Grind

3 Key Points:

  1. Building a great business starts with what makes you different.
  2. Ask people what they want and give it to them!
  3. Compromise in marriage and business is very important.

Show Notes:

  • Start with the toughest question, “why should people buy from you instead of your competitors?”
  • The answer can’t be something your competitors can do as well.
  • Focus on what really differentiates you.
  • Create a profile of your ideal customer and focus on your niche
  • Ask people what they want and give it to them.
  • Business partner wanted to go in a different direction after only a few months of being in business.
  • Don’t fall into the trap of being too specific about your passion, passions change over time.
  • “I wanted to be an entrepreneur more than anything else!”
  • Compromise in a marriage and business is needed.
  • “People stepped up at key times to help me because I was willing to do the work.”
  • This podcast interview was originally aired on the Daily Grind Podcast and aired on November 19, 2017.

This episode sponsored by:

Screen2Fit by Pro.file

If you are hiring a new employee, we highly recommend that you use the Screen2Fit recruitment platform by Pro.File.

Process Street

I use Process Street to create systems in my business and I highly recommend that you use Process Street as well.


If you enjoyed this interview, then you will love my new book The Blueprint of a Great Business! This book is for self-employed people with service-based businesses that want to provide for their families and create freedom and flexibility in their lives.

Check Out the Book

 

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