By Cody Gestro

2nd June 2024

1. Idea

Explanation: A unique and valuable concept or solution that addresses a specific need or problem in the market. Execution:

• Conduct market research to validate your idea.
• Develop a detailed business plan outlining the execution strategy.
• Prototype or pilot your idea to gather feedback and refine it before full-scale launch.

2. Crystal Clear Target

Explanation: Defining a precise and detailed target market for your product or service. Execution:

• Conduct thorough market research to identify your ideal customer profile.
• Use demographic, psychographic, and behavioral data to create detailed buyer personas.
• Tailor your marketing and sales strategies to meet the specific needs and preferences of your target audience.

3. Prioritization

Explanation: Determining the order in which tasks and projects should be tackled based on their importance and impact. Execution:

• Use a prioritization matrix (e.g., Eisenhower Box) to categorize tasks.
• Focus on high-impact, high-urgency tasks first.
• Regularly reassess and adjust priorities based on changing circumstances.

4. Profit Planning Strategy

Explanation: Developing a comprehensive plan to ensure the business achieves profitability. Execution:

• Set clear profit goals and identify key revenue streams.