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Some key ideas and items to reduce and mitigate risk. If you are a business owner you are constantly dancing with risk and in this episode we explore how to mitigate risk in your ideal business.
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This episode is a high level overview of risk what it is and where it comes from
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Tracking your stats in your business is like your guiding light. One of the greatest KPIs of a business I have ever come across is the Cash on hand vs Bills. In this episode, I explain what that looks like in my business and why you should consider tracking it in your weekly or monthly reviews.
A statistical approach to business is part of the Ideal Business framework. This is a good starting point if you haven't got anything like it set up.
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Twitter: https://twitter.com/Invizbiz1
LinkedIn: https://www.linkedin.com/company/invizbiz/
LinkedIn Paul: https://au.linkedin.com/in/paulantonelli?
Podcast:
Spotify: https://open.spotify.com/show/10w0Qy8S4hj25HC659A4P9
Apple: https://podcasts.apple.com/us/podcast/the-ideal-business/id1598253503
Join our exclusive newsletter: http://idealbusiness.invizbiz.com/newsletter
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Facebook: https://www.facebook.com/invizbiz.au/
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In this episode, Paul Explores the 10 Criteria to determine how Ideal your business is for you.
Risk, Scalability, Independence, Adaptability, Efficiency, Flexibility, Cash Flow, Resilience, Exchange. As you define what each of these means in your business you can start forming your own picture of how Ideal your business is.
For more on this concept we have an eBook linked here:
https://idealbusiness.invizbiz.com/pie
Join our exclusive newsletter: http://idealbusiness.invizbiz.com/newsletter
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Facebook: https://www.facebook.com/invizbiz.au/
Twitter: https://twitter.com/Invizbiz1
LinkedIn: https://www.linkedin.com/company/invizbiz/
LinkedIn Paul: https://au.linkedin.com/in/paulantonelli?
Podcast:
Spotify: https://open.spotify.com/show/10w0Qy8S4hj25HC659A4P9
Apple: https://podcasts.apple.com/us/podcast/the-ideal-business/id1598253503
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Allocating cash to a specific bank account for its future purpose is a mindset shift from most business owners' cash control. Once you allocate the money you act as though it's spent. This makes you build up reserves, money for marketing, system development, pay of debts and bills.
You can start small but get into the habit of having a cash flow system that covers all your bases. We think one of the first goals is to build up a reserve of cash in the business that is one year's worth of expenses. To give yourself a buffer to make innovations, lower your perception of risk and build a bulletproof business.
Join our exclusive newsletter: http://idealbusiness.invizbiz.com/newsletter
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Twitter: https://twitter.com/Invizbiz1
LinkedIn: https://www.linkedin.com/company/invizbiz/
LinkedIn Paul: https://au.linkedin.com/in/paulantonelli?
Listen on:
Spotify: https://open.spotify.com/show/10w0Qy8S4hj25HC659A4P9
Apple: https://podcasts.apple.com/us/podcast/the-ideal-business/id1598253503
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Cash is one of the hardest things to maintain control over in a business. It's always one of the areas we know business owners wrestle with all the time. But what if you could say you were confident in your cash flow? This is what this episode is all about. How you can set up a cashflow system in your business and finally let the worries about cash slip away.
This is part 1 of 2.
Join our exclusive newsletter: http://idealbusiness.invizbiz.com/newsletter
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Facebook: https://www.facebook.com/invizbiz.au/
Twitter: https://twitter.com/Invizbiz1
LinkedIn: https://www.linkedin.com/company/invizbiz/
LinkedIn Paul: https://au.linkedin.com/in/paulantonelli?
Podcast:
Spotify: https://open.spotify.com/show/10w0Qy8S4hj25HC659A4P9
Apple: https://podcasts.apple.com/us/podcast/the-ideal-business/id1598253503
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Balance is a big part of business. The act of building an Ideal Business means getting things balanced between yourself your clients and your staff/suppliers. These are the 3Ps.
Keeping each part of the 3Ps satisfied and creating win-win scenarios is one of the key concepts of the Ideal Business Model.
If you want to get more tips on how you can build your ideal business Join our exclusive newsletter: http://idealbusiness.invizbiz.com/newsletter
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LinkedIn: https://www.linkedin.com/company/invizbiz/
LinkedIn Paul: https://au.linkedin.com/in/paulantonelli
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There are only two scenes, the current scene and the ideal scene. To build your Ideal Business Model, you need to move from the Current Scene in a step by step process until the Ideal Scene becomes an everyday reality. This episode explores the concept of the Ideal scene and how that can be useful to the business.
Link to the Ideal Scene Painting Ebook: https://bit.ly/32Uuldp
From the publisher's feed