Keys to Success in Business: People, Strategy, Execution, Cash, and You

Discover the essential pillars to succeed in business, including acquiring the right people, developing a solid strategy, effective execution, managing cash flow, and investing in personal development. Learn how to succeed in just 1.92 seconds with insights from Formula 1 champion Lewis Hamilton and valuable business principles shared by Mr. Christian Sawyer. Position yourself for success by following these key principles.

• Business Success
• People Strategy Execution
• Cash Flow Management
• Personal Development
• Lewis Hamilton

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1. Formula 1 Successful Business Mr. Christian Sawyer Dec 3rd, 2021

2. Q1. How do you succeed in 1.92 seconds Q2. How do you win in 1.92 seconds

4. 5 Key Pillars to Succeed 1. People 2. Strategy 3. Execution 4. Cash 5. You

5. People Get the right people on the bus Share your vision with them Train and equip Coach Give recognition & show appreciation Test: Would you work for you?

6. Strategy What drives sustainable growth? (Market, Need, Problem?) (Problems drive Opportunities) Who are your core customers and what Brand promises & guarantees do you make them? (think Dominos pizza) What differentiates and gives you advantages from your competitors (apps, ecommerce, blockchain, technology, price, delivery etc...) Review Strategy Often Maintain relevance

7. Execution Who, What, When Processes (Develop, evaluate, test, improve) Communicate to the entire team Measure Everything Get it down, then get it right!!!

8. Cash Watch with eagles eyes Learn about how cash moves (Pricing, cost of goods, volume, Operating expenses, A/R, inventory, A/P) SAVE Avoid Debt as best as possible Build relationship w/bank

9. YOU Invest in your own PROFESSIONAL DEVELOPMENT Network (locally & abroad) - SBDC, IDB, BCCEC, International Industry Associations, Other Business Owners Be a MONSTER LEARNER

10. Success in 1.92 sec

11. Lewis Hamilton - 7x Formula 1 Champion

12. Success is Yours 1. People 2. Strategy 3. Execution 4. Cash 5. You Position yourself for succeess