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Value Creation: How fast is the system creating value? What is the current level of inflows? Marketing: How many people are paying Attention to your offer? How many prospects are giving you Permission to provide more information? Sales: How many prospects are becoming paying customers? What is the average customer’s Lifetime Value? Value Delivery: How fast can you serve each customer? What is your current rate of returns or complaints? Finance: What is your Profit Margin? How much Purchasing Power do you have? Are you financially Sufficient?
At the core, every business is a collection of five Interdependent processes, each of which flows into the next: 1. Value Creation — discovering what people need or want, then creating it. 2. Marketing — attracting attention and building demand for what you’ve created. 3. Sales — turning prospective customers into paying customers. 4. Value Delivery — giving your customers what you’ve promised and ensuring that they’re satisfied. 5. Finance — bringing in enough money to keep going and make your effort worthwhile.
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Choose a lovable project. 2. Focus your energy on one skill at a time. 3. Define your target performance level. 4. Deconstruct the skill into subskills. 5. Obtain critical tools. 6. Eliminate barriers to practice. 7. Make dedicated time for practice. 8. Create fast feedback loops. 9. Practice by the clock in short bursts. 10. Emphasize quantity and speed.