Hello All - this is a repost. I had this posted in my progress thread and a few mentioned they didn't see it and should be in it's own thread.
Evaluating your business (CENTS) isn't an event, it's a process.
Even after you determine a business is, or can be "fastlane", and decide to launch - you need to revisit your business as often as necessary to ensure you're still on track. You WILL:
In the initial years, I had evaluated my software business as strong in the area of "control" because I wrote the software and sold it under my own website, not relying on amazon or you tube for a channel to advertise or sell. However.... the popular hosting company that we kept the software on began throttling user speed as we grew and even outright went down at random hours of the day. I quickly learned that I was NOT in control of the delivery of the service - a core part of my product, something I had no way of knowing at the beginning. I had to learn a new skill from scratch: How to create my own cloud server (using amazon/linode) writing linux command line. This increased my control, although I still evaluate it as being a slight risk that needs to be improved on.
Complying with CENTS is not a set it and forget it, it's a scale that moves up and down constantly as you progress.
How Do I Keep My Business Heading In The Right Direction?
Every single quarter I do an evaluation on my business in 22 KEY areas, compile it into a report, and then set goals in the areas I need to improve.
I have made this tool available to my fellow forum members for free on our app server.
https://app.engynn.com/evaluation/
An example of what mine may look like is attached.
Evaluating your business (CENTS) isn't an event, it's a process.
Even after you determine a business is, or can be "fastlane", and decide to launch - you need to revisit your business as often as necessary to ensure you're still on track. You WILL:
- Learn new information that is relevant to the validity of your business.
- Hit new brick walls, which you will. Nobody knows everything at the outset.
- Stray from the plan, which happens from just being human.
In the initial years, I had evaluated my software business as strong in the area of "control" because I wrote the software and sold it under my own website, not relying on amazon or you tube for a channel to advertise or sell. However.... the popular hosting company that we kept the software on began throttling user speed as we grew and even outright went down at random hours of the day. I quickly learned that I was NOT in control of the delivery of the service - a core part of my product, something I had no way of knowing at the beginning. I had to learn a new skill from scratch: How to create my own cloud server (using amazon/linode) writing linux command line. This increased my control, although I still evaluate it as being a slight risk that needs to be improved on.
Complying with CENTS is not a set it and forget it, it's a scale that moves up and down constantly as you progress.
How Do I Keep My Business Heading In The Right Direction?
Every single quarter I do an evaluation on my business in 22 KEY areas, compile it into a report, and then set goals in the areas I need to improve.
I have made this tool available to my fellow forum members for free on our app server.
https://app.engynn.com/evaluation/
An example of what mine may look like is attached.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
