What is the anatomy of a great business with high business potential energy? We can go deep in answering this question, but it will not give you the right picture of what is essential and what is not essential. So, here I will explain what makes great businesses great.
If you want to build a great business, even it starts with you, you will need to be ready for other things that will be an essential part of the greatness of the great company.
So, here are five critical elements that will make a great business great if they are developed and set up in the right way.
1. Entrepreneur With High Business Potential Energy
Everything starts with you as an entrepreneur. You have the idea for a great business, you want to build your own strong company, and you are the person that starts with the first steps related to your future company.
Great businesses need great entrepreneurs, persons without limits about possible or non-possible things in the world where they are living. They want to create something from nothing, and that something is not a product or service, but the real company that will produce and sell products and services on a repetitive basis, again and again, and again.
So, the first element of a great business is you as an entrepreneur.
The more business potential energy you will have in your competence, the more significant chance of success your company will have.
2. Strong Business Team Increase Your Business Potential Energy
How much easy you think you can create and manage a great business, you can’t succeed without the help of other people, your small business team.
Yes, you have already built a high level of your business potential energy through learning and experimenting, but that’s still not enough for a great business. It’s enough for a craftsman. And, you want a business, a company that will produce and sell products and services on a repetitive basis that artisans can’t do.
So, the second element of a great business is the business team you will need to create and develop. I say to create your business team first because you will need to bring them on your boat that at this level is not something that will sail in calm waters.
This is the first challenge for you as an entrepreneur. When you succeed in convincing people to become a part of your company, the next thing is to develop them sharing some of your business potential energy with them.
3. Effective Systems to Support Greatness
You are already a high potential entrepreneur, and you have already brought people on your boat to help you create a great company, and now you will need to start with the real work on your company. Only in such a way you will succeed in increasing your business potential energy.
You want to create a company that will produce and sell products and services repetitively. You can do this if you have a robust system that will support this task of your company.
So, your business systems will be the third essential element of your incredible company. They are something that will bring real value to your company.
4. Value That Customers Really Want
When you have developed your system and especially the most essential value creation system and customers acquisition system, you can start working on the value.
Understand that you don’t have the great systems to produce excellent value at this level. Still, you have the starting point for experimenting and testing to create significant value and improve your value creation system.
So, the fourth element of a great business is the excellent value you can produce on a repetitive basis. This is important to ensure a high level of business potential energy.
5. Customers Who Will Use the Value
When you already have enough optimal value, you can continue to develop your customers, persons for whom you will create the value, and persons who will pay you for your value.
The most important question here is: Do they really want and like what you create for them.
Again, do not disappoint if they tell you that your value is not perfect because it is vital to improve your value creation system.