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CHAPTER 2 THE SUCCESS FACTORS OF MILLIONAIRE ENTREPRENEURS

Have you done the exercise? Great! Before moving on to the
next section, take a look at how my past clients have done
this exercise.

Blame                  Taking Charge New Actions

Competitors are        I am not offering a   I will create an
undercutting prices    unique competitive    innovative way to offer
and taking market      advantage             my product/ service
share                                        that will set me apart
                                             from other competitors

Customers are not      I have not            Create a Customer
loyal                  built a strong        Relationship
                       relationship with my  management (CRM)
                       customers             program and a
                                             loyalty program

The market is getting  I have not opened up  Start opening up
saturated              new markets           branches regionally
                                             and market on the
                                             Internet

Customers do not       I have not focused    Build a sales team
know about us          enough efforts on     and develop an
                       sales and marketing   advertising campaign

I have no money to     I have not explored   Learn how to advertise
advertise              low cost advertising  in low cost/ free
                       channels –I must do   media space - like
                       this now.             Blogs, chatrooms,
                                             Youtube etc…

Mindset #2: Failure Leads to Success

Once you have the first mindset, the second mindset you
must possess is the attitude to manage failure, setbacks and
massive frustration.

What stops most people from starting a new business,
innovating a new product or entering a new market is the

50 SECRETS OF BUILDING MULTI-MILLION DOLLAR BUSINESSES
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