Review of Part I: Creating a Business

In the first 8 episodes, we covered the following outline:

    -  Why am I in Business in the First Place?

The outline comes from 3 books: Built to Sell, The E-Myth, and Profit First

Part I is all about creating a business because first you have to created a business that has the potential to get to the million dollar mark.

The key to creating a million dollar business is to create a product worth selling. It's really about creating value. When you have a valuable product, you are creating value for your customers, your employees, and yourself.

Systematize everything. Being successful and creating systems is all about the data. You can't be successful while ignoring the data. Systems are easy to teach so that you can hire people to replace you, not to reinvent the wheel. Systems also become your intellectual property and make up a huge part of the value of your business.