Secrets of Building Multi-Million Dollar Businesses

QHB's 10 Points of Focus and Summaries

Secrets of Building Multi-Million Dollar Business 10 Points:

1. Value-Centric Approach: Sell products that genuinely improve lives, fostering a win-win scenario for both seller and buyer.

2. Entrepreneurial Mindset: Embrace resilience, overcoming fear of rejection, and learning the art of selling.

3. Opportunistic Vision: Recognize that money-making opportunities exist everywhere by identifying and solving problems.

4. Resourcefulness and Commitment: Persistence and creativity pave the way to solutions in any endeavor.

5. Networking Power: Harness relationships as invaluable assets, understanding that people are the key to wealth.

6. Leveraging Success: Accelerate personal success by leveraging others' achievements and resources.

7. Business Sustainability: Build a brand, establish replicable systems, and assemble a competent team for sustainable success.

8. Learning from Failure: Failure is a learning experience; persistence is key to eventual success.

9. Passion and Expertise: Passion, unique selling points, specialized knowledge, and honed skills are pivotal for industry excellence.

10. Continuous Improvement: Continuously evolve strategies, prioritize working on the business rather than just in it, and foster a growth-oriented organizational culture

QHB's Selected Book Quotes and Summaries

*** AK = Adam Khoo (The Author)

# "Sell a product that truly add values to people lives, that way if you sell it, its a win-win situation, you are helping that person solve a problem, meet a need or achieve a goal and at the same time, you're rewarded. Have this mindset." - AK

# "Millionaire Entrepreneur Life Lessons: 1. Overcome fear of rejection and Learn to Sell. 2. Opportunities to make money are everywhere. It involves identifying problems and needs and finding a way to solve it. 3. When you're committed and resourceful enough, to any problem, there is always a way. (There is always a solution, be smart and find it) 4. It's not what you know, its who you know. People are your greatest wealth resource. (Ex know your connections) 5. The Power of Leverage. Accelerate your own success by leveraging (borrowing) others success. 6. Business is a money making machine that works with you or without you. (Ex if the business can only function with you working in it, its not a business, you're merely employing yourself, its just a job) 7. To become a successful business, one must build brand name, build a business system that could be replicated into other markets and building the right team to run the business." - AK

# "When you want something badly enough and have a compelling reason to achieve it, you will always find a way." - AK

# "2 Main Critical Success Factors: 1. Entrepreneurial Mindsets 2. Entrepreneurial Skill Set" - AK

# "If there is something wrong with the business, there is something wrong with the owner and Vice versa." - AK

# Most Successful Entrepreneurs go through a series of failures before they achieve their greatest prize. " - AK

# "By failing in something, we learn and know what doesn't work. Constantly learning what does not work and changing our strategy each time will eventually lead us to what works." - AK

# " "There are no failures. There are only learning experiences. The only way you can fail is if you give up. If you haven't give up, then you have not failed. " -AK

# " Not doing anything is the greatest failure you can experience " - AK

# " 5 Factors that will make you the best in any industry: (Remember Pussy!) 1. Passion (an important ingredient for becoming the best and running the best.) 2. USP Advantage (Unique Selling Point 3. Specialized Knowledge (be the Best in that Area! ; The Theory Part) 4. Skills to pay the Bills! (You have the skills and knowledge in that particular area ; The Experience Part) 5. Yourself, as in you yourself must commit 100% to the business if you were to succeed at the beginning." - AK

# "For successful entrepreneurs, they don't see a difference between work and play. Their work is their play and their play is their work." - AK

# "The Test of Passion. How to know if your passionate on something? " The answer is Simple. Would you genuinely do the work for free? " if the answer is yes, then you are passionate. If no, then find something until you say yes." - AK

# "The Biggest mistake that entrepreneurs make is to focus all of their time working IN the business and not enough time working ON the business." - AK

# "It is essential for a business to have an organizational chart, even if you only 3-4 employees." - AK

# "Boost Conversion rate by establishing strong credibility for your company."

# "Boost Conversion Rate by using the power of guarantee. By giving guarantee and taking away the risk, there is nothing stopping him from buying. " - AK

# to be the best, you need the best players! "From Good to Great" by Jim Collins

# "5 steps to build the dream team: 1. Identify the right players (must have the mind and heart) 2. Find and attract them 3. Select and qualify 4. Put them in the right place 5. Bring out the best in them" - AK

# "4 essential roles in any business: The creator, The manager, The specialist, The dealmaker" - AK

# "the moment your business stops growing, it starts dying!" - AK

# "4 ways to fund growth: Reinvest profit, Get investors to inject capital, Get a bank loan or Franchise your business." - AK

# "4 important criteria's to franchise your company: Must have Unique Selling Point (USP), Be profitable, Be systemized, Can be easily learnt" - AK

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