Comments by "Joseph Hemingway" (@joelow63) on "How to Increase the Value of Your Business" video.

  1. profit is short time u earn money fast,instant (sales man mentality) value is long time,delayed gratification (ceo mentality) to increase value 1technology (makes things more efficent) 2focus(focus on selling business increase intention on things that matter) 3systems(makes life easier everything is the same for each customer)like steps 1 2 3 4 5 4strategic partners( good partners can bring a new part of business u couldnt bring in) 5 recurring revenue(produces highest multiples so keep the stuff that sales and makes most) 6supporting cast(invest in peoe that care about value of busines such as give them cruise tickets)supports loyalty 7data(increases value of business ex contact info. 8EBITDA(Earning Before Income Taxation Depreciation Amorization)basically operation performance of company vs NEED (need is better than ebitda because if u have a need u wil earn more and then have a better system than a company just focusing on systems) 9 subscribership and distrubution (use customers to make more sales) 10 stay hands on(dont let go of business) and(know youre business to increase value) ■the more you focus on money youre FLAT■ ■the more u focus on value it GROWS EXPONENTIALLY■ great vid
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  2. squad
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  3. shubham sagar Im going to give u advice on each tip he gave us keep in mind this is my opinion about it 1have a way to contact customers online like build a website 2 focus dont be lazy 3 have a good website in place 4 maybe work with other people the sell realestate nearby so u can work together to get best deal for customer 5 sell/buy houses that sell the most 6spend time with partners buy them stuff etc. 7have data on each customer its valuable and if u use it it shows that u care example u ask how their kid is doing 8 good houses is better than the layout of youre website 9 have special deals for loyal customers 10 dont be lazy always try to improve good luck
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  4. Focus on value more than profits
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