- Joined
- Jul 28, 2013
- Messages
- 1,278
Rep Bank
$2,355
$2,355
User Power: 171%
In one of my startups I've been looking through the business plan with a lot of scrutiny, comparing it against this business and that business with this ceo and that ceo, I've been watching all the usual shows and nailing down all the perceptual quirks.
It all lead me to one question.
How am I ensuring the integrity of this business?
I don't mean ethically, though that has a part in things. And I don't mean doing diligence on the opportunity, though thats always the first thing to get straightened out.
But moreso, does it truly have the rigor? And how are we ENSURING this?
To some extent that is assured by figures, numbers and sales. Aquistion costs, assets, barrier to entry, patents, contacts, cashfow, following and quality etc
But thats all kind of just arrogance, because you actually can't assure your business' stability that way.
You can have all the set ups in the world and still take a big fat belly flop on the surface and get picked apart by the vultures to follow.
So I visualised all the concerns as one thing, and removed it from the explicit plans, in order to help guide those plans with a consistent plan of action.
I label it, a business' integrity.
NOT to be confused with the owner's integrity (you might want to succeed but who is to say others don't want to more? Just your word? No no no, not good enough).
Its about the EXAMPLE you set, the SUPREMACY you project, the FACE VALUE you have.
What is the ultimate outlook of your team and its reactions?
How do you personally ensure your business' integrity?
I ask both because the question should challenge you to think, and because I'm curious to grow in this area of business myself.
Any thoughts?
It all lead me to one question.
How am I ensuring the integrity of this business?
I don't mean ethically, though that has a part in things. And I don't mean doing diligence on the opportunity, though thats always the first thing to get straightened out.
But moreso, does it truly have the rigor? And how are we ENSURING this?
To some extent that is assured by figures, numbers and sales. Aquistion costs, assets, barrier to entry, patents, contacts, cashfow, following and quality etc
But thats all kind of just arrogance, because you actually can't assure your business' stability that way.
You can have all the set ups in the world and still take a big fat belly flop on the surface and get picked apart by the vultures to follow.
So I visualised all the concerns as one thing, and removed it from the explicit plans, in order to help guide those plans with a consistent plan of action.
I label it, a business' integrity.
NOT to be confused with the owner's integrity (you might want to succeed but who is to say others don't want to more? Just your word? No no no, not good enough).
Its about the EXAMPLE you set, the SUPREMACY you project, the FACE VALUE you have.
What is the ultimate outlook of your team and its reactions?
How do you personally ensure your business' integrity?
I ask both because the question should challenge you to think, and because I'm curious to grow in this area of business myself.
Any thoughts?
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?
