Day 16 / 17 · the skool CLASSIFIEDS

Bailey Thomson

2h • General Discussion

Day 16 / 17

I took Friday off because of the black tie event,

It was good.

I will say a big thing about showing face.

it is needed. Like fully.

Sipping Mcallen 12...

Made me think. If this is how a global 20 company acts, funded by blackrock. how can I make my business successful.

The big one is cashflow, if you have enough cashflow to make mistakes, you will be ok. As the cashflow will settle the issues pretty fast.

So if you struggle with cashflow, sell long term products at a discount or access to something for free that you know is valuable and you will unlock cashflow.

If it is digital products, it is easy the thing that is 6 months long is now free for 4 months with 2 months upfront cash.

Recruitment? Literally cut market average in half and secure that within the contract you are guaranteed another round of interview candidates. What i did with Ferrari and Aston.

I could go on and on. The biggest momentum is going to be cash flow. Once you have healthy upfront cash establish what market you are. Stop cutting the cost of the market ( you will suffer at first ) but actually have something that has a price mark that you know people would pay for because you are solving a problem.

If you know how to network, find candidates, build products, know how to communicate. Congratulations majority of business owners don't and lack something.

I am creating a list of 10 most important skills a business owner needs.

You must perfect 5, be great at 2 and be average and still get away with 3...

What would you say are non negotiable must skills sets?

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