scale

My first product failed and I lost a lot of money on it. Now I’m looking back at what went wrong to make sure I don’t make the same mistakes for the new business I’m starting. Well, all I really had to do was a CENTS analysis and it became clear very fast! First Business (Amazon FBA Product)...

Sir, as you have mentioned in your book UNSCRIPTED about cancer analogy, i give a week thinking about my cancerous problem and i found one that is hurting me, not only me but everyone in my nation( i have studied marketmind!!) so i work on that Problem by putting my heart and soul but soon i...

The outright sale of a business doesn’t often take place until it has been trading for a long period of time. This thread is intended to produce some ideas for those who see an opportunity to develop a business that could be saleable after a year or two of profitable operation. My point is...

Well, I have become a serial business book writer. Three down, with at least one more residing in my brain. The 3 books so far are based on: A lifetime of success in sales and marketing, while designing, copywriting, and structuring all of my own advertising in both major businesses I...

Over the years I've read thousands of introductions here. A common thread I've seeing follows the following format: A) I have 3 ideas, X,Y, and Z. B) None of them meet CENTS. C) X is missing entry, Y is missing scale, and Z is missing a mix of both. D) I don't know what to do. The end result...

Hello forum! My wife has her own business of cleaning post construction houses. In our area this is a massive niche because of the housing market. Currently she does this by herself and spends typically 10 hours per house, depending. Charges .30 per square foot. I’m trying to find ways to...

So now B&M stores in my country(India) have started feeling the heat from online players like Amazon and Flipkart. Most of them are unwilling to change and are content to grumble. How do I add value to the customer's lives? As it stands, customers go online to shop(especially for cameras and...

Hi, I've started a website for affiliate marketing in the fitness industry. I know my goals, there's no control. In it for industry experience, to raise some capital and ultimately create my own product based on need/pain points etc. My question is - how do I know when I've become good enough...

Edit January 5, 2018: I changed the thread title from "building industry specific community" to "helping professionals execute and grow.'" After chatting with a lot of you here, this sounds much better to me. As of this edit, my current state of mind related to this project is represented by...

I came across this old but gold post (from 2008) from Kevin Keller - 1000 true fans It has been completely rewritten recently (2016/ 2017), but the original is still up there on the same page. The more and more I read it, the more and more I thought: This is basically what @MJ DeMarco would...

At most banks, for $150 a year you can open up a business line of credit up to $100,000 without providing financials. All you need is a personal guarantee and good personal credit. Then, you have $100k sitting for you for whenever you need it. When you need it, you only pay interest on the...

Hey all, Forgive me if I haven't followed the right etiquette, I'm relatively new to the forum. However, I'll get to the point. I started my business 2 years ago whilst working a full time job and read as much as I could about building a scalable business (including MFL and Unscripted). I...

Thought I'd start a thread based upon the CENTS Business Commandments found in The Millionaire Fastlane and UNSCRIPTED, just in case someone searches for it by search engine. Since this concept is covered in both books, I don't think I ever posted an "official" thread on the topic. It would be...

I'm thinking about starting a company similar to Uber but I have a scaling issue. My idea is to build a platform where people cook and earn some cash and others buy the food from the producers. I need some overall feedback on the idea and I'm wondering how I will get enough cookers to...

Did you know that America has been fascinated with the perceived hilariousness of African Americans and Jews since the mid 1920’s? You can verify it, yourself. On January 12, 1926, a bizarre two man comedy show entitled “Sam ‘n’ Henry” debuted on Chicago’s WGN radio station. Two years later...

Most traditional real estate agents seem to be charging relatively the same range of rates for listing and selling property. With a professionally taken set of pictures posted on the MLS and a fairly priced home it practically sells it's self given how the listing gets automatically syndicated...

Hello fellow hustlers! At the moment, I live in a small country, which naturally limits market sizes in most niches. I have a few business ideas and I'm in the process of choosing which one to execute. My options: 1. 1st idea: Build a small online business in my small country, where I know the...

While reading forum yesterday I came to read a post by MJ where he was appreciating a non-digital product made by a guy here on forum. From days, I'm confused with the scale and time factors of CENTS. Today, I've tested a market of home-based carwash service using facebook ads. While I was...

This first post in this thread is more of an update than anything, but I'm taking this idea off of the shelf I stuck it on back in 2013. I've been MIA from the forum (and entrepreneurship in general) for a few years, so here's a quick-ish catching up... Skip to the bottom if you don't feel like...

Hi! For the past few months (since before I started reading TMF) I've been working on a distance education business model. I was invited by the board of a non-profit education association to be one of 4 course coordinators for a graduate distance legal education course. I can see this as a...