363: Run with the Right Ideas, Setup the Correct Goals, Be Unique, and Resonate with Your Marketplace Using the Seven Steps to Business Success with Peter Mehit

Peter Mehit, the expert on how to start, fix, and sell any business, returns to the show to share his seven steps to business success. By applying these seven steps, you'll find you no longer waste time or resources on "dead-end" ideas, and you'll have an easier time getting customers, partners, and investors to buy into your idea. Here is the "7 Steps Methodology"...

  1. idea: what we find is important
  2. visualize: spend 15 minutes every day doing nothing and focusing about what this future business looks, sounds, smells, and feels like
  3. thoughts: ask questions such as, "Who's my customer?" And, "What equipment do I need?"
  4. action: describe your idea to others
  5. methods: hire employees, etc.
  6. friends (feedback and investors)
  7. circumstances

Quotes:                                                                                                                                   

“Success cannot be demanded. It is the result of friends who bring the circumstances of your success with them, and you earn friends by knowing what you're doing and knowing where you're going.” – Peter Mehit

“People follow those who know where they're going and know what they're doing.” – Peter Mehit

“Focus is what wins the game, not speed or action.” – Peter Mehit

Takeaways:

09:04 Clearly visualizing your business idea helps you understand if you're on the right track.

24:37 Don't waste years on a bad idea; be willing to walk away early to save time and energy.

29:18 Simplicity and relatability matter more than complex jargon when communicating your business concept.

35:27 Take time to be still and quiet to hear your own thoughts and develop a clear business strategy.

37:44 Solving problems often starts with making one phone call or reaching out to the right person.

Resources

Podcast: Play in new window | Download (Duration: 39:46 — 36.4MB) | Embed

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Filed in: Archive 2: 2017 • Interview • Podcast

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