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How to Build a $5 Million Business in 10 Simple Steps

by dave-kerpen

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10 Simple Steps to build a $5M business
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  • 1. 10 Simple Steps to Build a$5 MILLION BUSINESS#Startups #SMBDave KerpenCEO, Likeable LocalCofounder & Chairman, Likeable Media
  • 2. In the past 7 years, we’ve built 2 significant businesses.#Startups #SMBHere’s how we did it:
  • 3. 1. Find Trustworthy Partners#Startups #SMBWhether it’s a close friend or family member,partner with people you can trust.
  • 4. 2. Create a strategy & focusUse Verne Harnish’s 1-page strategic plan#Startups #SMBor another method that allows you to focus.
  • 5. 3. Say no to what’s off focus#Startups #SMBEven if it means firingyour own customers.By saying no to what’s off focus,you’ll have more opportunity to grow.
  • 6. #Startups #SMB4. Find Peer SupportJoin an organization such as EO, YEC, YPO, Vistage, or BNI
  • 7. 5. Form a board of advisors#Startups #SMBCoordinate a group of trusted mentorsto counsel you on key issues.
  • 8. #Startups #SMB6. Hire Slow. Fire Fast.The sooner you part ways with people who aren’t a fit, the better.
  • 9. 7. Build great values and cultureTake time to build a place where people want to spend their time.#Startups #SMB
  • 10. #Startups #SMB8. Build your brandUse social media to make yourcompany bigger than it really is.
  • 11. #Startups #SMB9. Ask for referralsThe best form of marketing is your current customers.
  • 12. #Startups #SMB10. It’s the people, stupidThe single most important factor in your success is your people.
  • 13. #Startups #SMBCONTACTDave KerpenEMAILDave@likeable.comTHANK YOUTWITTER@davekerpenPHONE212-359-4355Learn how to grow your business in two minutes:LikeableDemo.com
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