I define a serious-minded entrepreneur as a person running a company who pays close attention to the two "factories" that exist in every business:
The customer factory and the money factory.
The customer factory is the part of your business dedicated to creating happy customers. A happy customer is a customer that loves your products and services, comes back often, and refers their friends and associates to you.
The money factory is the part of your business dedicated to creating happy owners. A happy owner is an owner who receives healthy (and predictable) cash distributions from the business.
A serious-minded entrepreneur is focused on both their customer factory and their money factory. Either by taking the lead themselves in each area or by having a strong management team and advisors dedicated to making sure both sides of the business are operating together as a well-oiled machine.
How you thought about the quality of your money factory recently? Is it strong? Is it weak?
Take a few seconds to rate the quality of the money factory in your business on a scale of 1 to 10 (where 1 is horrible and 10 is fantastic).
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