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. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
