My Week in the 10KSB: Day Two
If Day One of the 10KSB was awesome, Day Two was beyond awesome!
The program got off to a good beginning and just kept getting better from there as Day Two was jam packed with so much incredible info my head was fairly spinning! But I wasn’t complaining because I learned so much that would be beneficial to me in growing the business and making it more successful.
One of the most spectacular things about the class, to me, was mingling with so many fabulous entrepreneurs I would have never come into contact with otherwise. Meeting and talking to other small business owners from all around the country was such a rewarding and exciting experience! Everyone is fired with enthusiasm, bursting with ideas with much to share and it is my privilege to meet and know them all, if only for this little while.
I learned so much on Day Two that it’s hard to know where to begin telling you about it, so I think I’ll basically stick with imparting the key points of the day’s class and explaining what I, personally, got from it.
Without further ado, we’ll move on to the main lessons I came away with at the end of Day Two.
Key Lessons From Day Two
Here they are, the main things I learned on Day Two:
About Innovation— Innovation, I discovered, isn’t reserved for only the big box brands such as Apple or Burberry. It doesn’t have to be a blockbuster of an idea to be worth its weight in gold. Even small ideas can be parlayed into giant leaps forward for your business, especially if you apply a bit of special spin to them. For example, one of my innovative ideas was about finding ways to generate leads from our company website and then follow up on them promptly and efficiently. My first thought was to give a free whitepaper to website visitors, telling them what other companies in the Boston area charge to professionally clean various sizes and types of businesses. Then, I got an even better idea of how to do this using my own special twist and decided to conduct a brief survey of input from each prospective client. After collecting about 100 questionnaires, I would then collate the info and provide each respondent with a personalized report. Not only would this be a more personal and focused approach, it would also give us a chance to showcase our services. Voila! Innovation in action! Move over Apple!
About Financial Ratios— Okay, as I’ve already admitted, math and numbers aren’t my forte. Still, Day Two showed me that financial ratios rock! After reviewing numbers and reviewing a hypothetical case, I actually started to enjoy the exercise and realized that financial ratios are good things and can even be somewhat enjoyable. Not up there with dinner and a movie but not as bad as a dreaded trip to the dentist, either. Financial ratios will help me know when the business is on the right track—or not.
About Limitations— One of the biggest things I learned from Day Two was to think big! At the end of the day, the limitations you have are set by you and once you remove these self-set limitations that keep you down—-the sky is the limit! So dare to dream! Think big! As the old saying goes: When there is nothing to lose by trying and a great deal to be gained, by all means—try!
Programs such as the Goldman Sachs 10KSB can help make America Number One in all areas….one big-thinking entrepreneur at a time!
Hope you enjoyed Day Two. Next we’ll do Day Three and Four.