MVP 003 - Transform Your Side Hustle Into a Profitable Business

Episode Highlights

The difference between a side hustle and a real business is systems & processes.

Level 1: Starting a Side Hustle

Level 2: Becoming Self-Employed

Level 3: Building a Business

The 3 Key Systems of Every Viable Business

  1. Product - The value you provide

  2. Marketing - How you let people know you're open for business

  3. Finance - If it doesn't make dollars, it doesn't make sense


The 4 Support Systems of a Profitable Business.

  • Sales - Turning prospects into customers

  • Customer Service - Retaining customers

  • Communications - Keeping everyone in the know, internally & externally

  • Operations - Removing friction from the business

Resources

Books

  • The E Myth Revisited

  • Business Model Generation