The Core Competencies of Business

Mastering the 9 Core Competencies

Mastering the 9 Core Competencies of Business is essential to building "six figure and above" company, regardless of your exit strategy.

Core Competency #1: Entrepreneurial Thinking

Entrepreneurial thinking is having the ability to see the opportunities in front of you.

Core Competency #2: Business Visioning

Business Visioning is having the ability to accurately assess and assign resources to the business idea. Essentially, you are taking what you have and figuring out what you will need to bring your product or service to the marketplace that wants it.

Business PlanningCore Competency #3: Business Planning

Business planning is formalizing and solidifying your concept on paper. With the business plan we create the foundation and the framework for the business.

Core Competency #4: Marketing Your Business

Marketing is merely figuring out who wants to buy what you are selling and how you are going to let them know you are in business.

Core Competency #5: Salesmanship

Oh, the dreaded “S” word! Let’s be honest, folks, whether you know it or not, or whether you want to admit it or not, we’re all in the sales business. The old adage is true: “Nothing happens in the world until a sale is made.”

Managing Your OperationsCore Competency #6: Managing Your Operations

Managing your operations is essentially how you are going to produce and deliver your product or service and deliver it to your customer. Finally, ensuring that the people you need to pay have been paid.

Core Competency #7: Managing Your Mindset

What does your personal mindset have to do with running your own business? A lot!

Core Competency #8: Managing Your Team

The term “self-made millionaire” is a misnomer. There is no such a thing as a “self-made millionaire.” It always takes a team. How you choose to manage your team of independent contractors, employees and consultants is fundamental to your success.

Shifting Your Focus

Core Competency #9: Shifting from Business Doer to Business Owner

This is the final section where we show you that your “baby” is really an asset, an appreciating asset that can be bought or sold like any other asset. If you do all the steps correctly you can your execute the exit strategy, either by growing the business, selling the business or entering the entrepreneurial lifestyle.

The Nine Core competencies of Business

So, there they are, the 9 Core Competencies of Business. As you can see, the concepts are super simple and we teach the actions that go along with these concepts to our clients. I look forward to being of service to you.

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