In this week’s episode of Freedom Fast Lane Ryan Daniel Moran talks about taking a company from the initial idea phase from $0 to $200K in sales a month and beyond. If you have ever thought about being an entrepreneur this show will help you toward your goal and show you what can happen if you line things up correctly even if things have failed in the past. Ryan has been a full time entrepreneur for eight years and talks about his own experience of taking one of his companies from $0 to $2M in annual sales on the one-year anniversary of the first sale.
As you are listening take note of the following:
- What did we do well to get things started?
- Are you serving a profitable growing industry?
- Are you surrounding yourself with people who can help you?
- Are you taking sales through a strong channel?
- Are you focusing heavily on quality customer service?
Key Lessons Learned
- Failure is a great predictor of success
- Often times the greatest successes come after the biggest failures
- If you have failed in your life you are probably in a better position for success than you have ever been
See your life 5 years from now and ask yourself the following questions:
- Who are you serving?
- What are you doing to serve those customers?
- How are they reacting to you?
- Where are you creating the most value?
Action step – Chunk into the simplest action to get things started. Stop doing 10 things at once; just do 1.
4 Major Things that Make a Big Difference
Step 1) Select a profitable and growing industry (Ryan’s Men’s Health and Fitness Company) and look at an industry before you look at a product.
Step 2) Get a good business partner and ensure there are clearly defined roles. If your business partner is just like you then one of you is unnecessary.
Step 3) Start putting your products on a very strong channel (Amazon & retail.) Focus on one specific channel where people are already hanging out and go there.
Step 4) Focus on quality products and customer service. The longer vision you can have for success the more successful you will be
On your iPhone? Listen on iTunes here.
Links to Resources Mentioned
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Want to know how to take your business from $0 to $200K sales a month? Listen to this week’s episode of Freedom Fast Lane #entrepreneur
How a business went from $0 to $2M annual sales in one year. Find out the 4 factors that made a it work #entrepreneur
Ryan Daniel Moran
Ryan Daniel Moran is one of the most sought after speakers and thought leaders on lifestyle freedom in the world. He specializes in creating extremely profitable cash flow streams and businesses without compromising your lifestyle. Ryan is passionate about inspiring, educating, and empowering people to live extraordinary lives, and he believes that anyone can live the life of their dreams as long as they take responsibility for their results and take consistent action toward getting what they want. When Ryan isn’t inspiring his listeners and readers, you’ll find him at an improv show, a Cleveland Indians game, or traveling the world.