7 How to Install the Small Business Flight Plan Flashcards
What is the purpose of the Small Business Flight Plan?
To clarify mission and guiding principles, ramp up marketing, close more sales, optimize product offering, streamline productivity, and manage cash flow.
Can the Small Business Flight Plan be implemented by various types of businesses?
Yes, it can work for B2B, B2C, nonprofit, solo-preneur, start-up, growth company, or $100-million success story.
What is the first step in implementing the Small Business Flight Plan?
Clarifying your mission and guiding principles.
How many steps are outlined to implement the Small Business Flight Plan?
Six steps.
True or False: The six steps will solve every problem a small-business leader faces.
False.
What should a business owner consider when implementing the steps?
They should feel free to nuance the steps and make custom adjustments based on their knowledge of the business.
What is recommended to avoid feeling overwhelmed during implementation?
Take your time and implement each step one after another.
What should a business owner do if they encounter cash flow issues?
Start with Step Six, which involves opening five checking accounts.
What are the three ways to implement the Small Business Flight Plan?
- Do it yourself using the book
- Use on-demand courses at BusinessMadeSimple.com
- Hire a certified coach.
What resource is available at MyBusinessReport.com?
An assessment to analyze the six parts of your business.
What can help improve the quality of people’s lives in small businesses?
Professionalizing operations and improving employee benefits.
Fill in the blank: Growing a small business can be ______ and rewarding.
[fun]
What is emphasized about the journey of building a small business?
It involves both challenges and opportunities for personal growth.
How can the Small Business Flight Plan impact personal relationships?
It can help individuals become better parents, spouses, and friends.
What is the significance of small businesses in America?
They employ more people than the top ten American corporations combined.
What website can small business owners join for community support?
SmallBusinessFlightSchool.com.
What is a benefit of attending small group coaching sessions?
Sharing best practices and encouragement with other small-business owners.
True or False: The author believes that financial security is the only measure of success.
False.
What should small business owners focus on according to the author?
Building their business and improving the lives of their employees.
What is the author’s hope for those using the Small Business Flight Plan?
To build successful businesses and improve personal well-being.
What is emphasized about the process of implementing the Small Business Flight Plan?
It can transform a small business in under a year.
What role do certified coaches play in implementing the Small Business Flight Plan?
They help guide small-business owners through the process.
What is the overall tone conveyed by the author regarding small business ownership?
Optimistic and encouraging.
