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Ep 401: 8 Key Drivers of Business Success with Nana Bonsu
Let's talk about the intricacies of The Value Builder System with Nana Bonsu, where he describes it as a powerful approach that allows businesses to operate much like a product, enabling them to clearly identify their value. The primary objective of the Value Builder System is unequivocal – to elevate the worth of businesses. Nana details how this system evaluates businesses through a comprehensive lens.
It focuses on eight essential drivers that serve as pillars for assessing a business's success. These drivers encompass vital aspects like customer satisfaction, differentiation, dependence, supplier relationships, customer base, employee performance, cash flow, and the business model.
Understanding and optimizing these key drivers is pivotal in achieving the overarching goal of enhancing business value. Tune in to discover how The Value Builder System can propel your business to new heights in this engaging micro episode!
Episode Highlights:
01:46 - The first one is customer satisfaction. How satisfied? So, essentially we start with what do you buy or sell, your products and your services? And then the main thing is, how differentiated is that? And then how satisfied customers are with it. How dependent is your business on you, the owner or the owners, if there's multiple owners? How dependent your business is on key people, your suppliers, your customers, your employees? What does the cash flow picture in your business look like? Those are some of the things that basically, and then, of course, in terms of your business model, is it a one-time transactional business model? Or is it a business model that relies on recurring revenue?
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