What is your level of desire and the strength of your motivations (motivators and demotivators)? What do you want to achieve and what are some goals along the way?
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Your experiences, rules and beliefs that drive your business instincts
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Your passions (that energize and de-energize you) in business and your emotional intelligence (knowledge of self, others and how to manage it in you and others)
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How creative you are in your business - in internal and external activities
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Your intelligence, ability to analyze and make logical decisions
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Business acumen is the understanding of how your company makes money and then improving decision-making to achieve better business outcomes.  The key drivers of business of business success are cash, profits, assets, growth and people. These five drivers form the foundation of an organization, its products, market position, financing, human resources, and every other aspect of a company.  A person with business acumen must be able to understand key business data, particularly financial statements such as cash flow, balance sheet and P&L (profit and loss) and how the key drivers in your business relate to each other and work to produce profitable growth and help the business achieve its objectives and goals. 
 
What is the business you run/launching? What is your understanding of what the market needs, the solution you offer, your business model & how you make it a viable biz
 
What do you want to achieve and what are some goals along the way?
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What you know and learn that informs your view of the world business
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Your ability to build and nurture relationships across a range of people required for your business success.
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For the industry, geography and business you're in, do you look and play the part?
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People, capital, technology, materials and whatever else you need to make your business a success
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To build a business that can provide high quality products/services and scale, you need processes and systems for repeatability
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Includes marketing to feed the funnel, sales to close sales and CRM to keep customers
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Metrics (leading, real-time and trailing) and feedback so you can take corrective action
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A key success factor in business is EXECUTION. If you don't make things happen, there is no value delivery to the client, no money and therefore NO BUSINESS.
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An ongoing business provides an income but cashing out of a business is what creates wealth, whether it is selling your ownership in the company or a merger.
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1 What is the price of tea in China?
by ramviyer
02/02/2017 - 14:48
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