10 Pillars Of A Successful Business. By a 10 year old boy entrepreneur.

Watching my 10 year old son run his new business this weekend….I was taking notes. He displayed SO many great keys to running a successful business. I decided to share them all with you. Please, enjoy the video, and PLEASE share and tag a friend on Facebook who could benefit from the wisdom of this little guy.

Here are the notes so you can follow along.

Dakota’s 10 pillars of business
1. SAW OPPORTUNITY: got apples. he took seeds to sell them
2. TOOK ACTION: created a display box and went house to house looking for a buyer
3. CREATED SCARCITY: Let them all know this was his only box
4. CREATED URGENCY: Let them know his price was going up the next day
5. NO SENSE OF ENTITLEMENT/WANTED TO BE PAID FOR HIS VALUE TO THE MARKETPLACE: Turned down the free money. wanted to EARN it.
6. DID BUSINESS WITH INTEGRITY: Gave Danny back his dollar when h overpaid.
7. KEPT HIS WORD: went back to one previously interested neighbor. raised price.
8. OVER-DELIVERED: She gave him a $5 and told him to keep the change. He went back with more “Free” seeds.
9. FOUND OUT WHAT PEOPLE WANTED: Asked neighbor if she’d be interested in buying more seeds. Had her sign a “contract”.
10. SCALE UP: Using sales proceeds to buy heirloom seeds to sell.


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