Your Next Five Moves: Master the Art of Business Strategy

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If this happens, you might try a power pose: a stance in which you make yourself big by putting your hands on your hips or above your head. We were able to turn things around at the Chatsworth club, taking it from 40 percent of the monthly revenue goal to 115 percent. Wickman adds that this not only allows your business to grow after you’ve left, but it also ensures everyone at the company is using the same approach and process right now, which increases consistency and efficiency. Inspect your weaknesses and determine where there’s an opportunity to grow linearly and exponentially.

Bet-David thinks giving employees the opportunity to earn equity is the best form of compensation because they’ll feel they have a stake in the success of the company and will work harder to make it succeed—a win-win.

Bet-David believes outside funding gives your company a huge security boost and recommends this route. In the painting, I’m surrounded by a number of people who could never have been in the same room together. The author, Patrick Bet-David is authentic in telling his story as if he were there having a fireside chat with you. You might be forced to shrink your business back down to its original size, or you might grow at a pace you can’t control, which exacerbates existing problems in the business. Yet another thing is effectively working with others to find out what their goals are, especially in hiring them to begin with, and then, when/if their performance falters, asking them to compare their goals and their performance.

The sixth part of growing your business is to turn your knowledge and experience into a documented system that successors can use, says Bet-David. You might say I had a model in my mind of what it would look like when the dream—my vision—was in place.

For those who are looking for business strategies to adopt with their own business, this is an excellent book, especially if you have large growth goals. To show you just how much Jordan used pain as fuel, he went so far as to invite Leroy to the ceremony. Obviously, while there is no prescribed formula given, the calculations should be simple and the comparison between any proposed three options should give you a good idea as to which one to choose. Patrick, I’m so proud of the performance you and your team put up the last ninety days,” Robby said.