How to quickly increase the money in the bank
(spoiler alert – it can’t be done…)
I am often roped into discussions (willingly on my part…) by Business Owners on what to do to get a quick increase in what really should be referred to as the money in the bank. The 100% factually correct answer is, there is no “quick” way. The solution lies in, what is involved in getting the money into the bank account.
To get money into the bank accounts takes TIME. Something very few if any Business Owners want to hear, even though deep down they know it to be true.
So, how TIME is used is CRITICAL.
What activities are TIME spent on to get money into the bank account?
Revenue – requires Marketing and Sales, two very separate activities, and Products or Services that customers and clients need or want, and TIME.
Marketing and Sales – require, a Plan to do it, People, Systems, Processes, and TIME.
Products or Services – require, People, Systems, Processes, Research, Development, Manufacturing, and TIME.
Operations – require, People, Systems, Processes, and TIME, to deliver your Products or Services to its users, your customers, or clients.
All the above require a Plan, a Vision, call it what you want, that makes it clear what is wanted, how to get it, and what to do to get it.
All this require Implementation, and Measurement of Implementation and Progress.
Measurement of Implementation and Progress require having clarity on –
What needs to be done, Plan, Vision, call it what you want;
Who needs to do what, People;
How to do it, Systems, Processes, Research, Development, Manufacturing;
Something to compare Implementation and Progress to, a Plan, a Vision, call it what you want.
No one can make a second go faster, or slower. And it takes 60 seconds for a minute to pass. Nothing can make it go faster, or slower.
Nothing can be done “quicker”. It takes the TIME it takes…
Spend, no INVEST, TIME wisely.
And to do that, know this – we all have a Knowledge Ceiling.
Learn from OTHER Business Owners, how did they, and do they INVEST their TIME to “quickly” get more money in the bank account.
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