5/28/2023 0 Comments The personal mba kaufman![]() ![]() ![]() So that the business brings in sufficient profit to make it worthwhile for the owners to continue operation.In a way that satisfies the customer’s needs and expectations.Creates and delivers something of value.Roughly defined, a business is a repeatable process that: Josh Kaufman Explains the '5 Parts of Every Business' ![]() When planning a new business or analyzing an existing venture, always begin with the five parts - they will help you discover any major issues or gaps quickly. Take away any one of these five parts, and it's not a business. Finance - Bringing in enough money to keep going and make your effort worthwhile.Value Delivery - Giving your customers what you’ve promised and ensuring that they’re satisfied.Sales - Turning prospective customers into paying customers.Marketing - Attracting attention and building demand for what you’ve created.Value Creation - Discovering what people need or want, then creating it.There are 5 Parts of Every Business, each of which flows into the next: What Are The '5 Parts of Every Business'? ![]()
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