Seven Secrets of Billion Dollar Companies – Blueprint to a Billion Entrepreneur Version |

Seven Secrets of Billion Dollar Companies – Blueprint to a Billion Entrepreneur Version

February 1, 2013 at 12:53 am kathykormanfrey 1 comment

The Blueprint Growth Institute. This is the institute borne from David G. Thomson’s book profiling billion-dollar businesses. But not just any billion-dollar businesses: Ones that got there better and faster than others.

Below we highlight the seven keys to success espoused by the most successful billion-dollar companies studied by Thomson.

Essential #1 Create and Sustain a Breakthrough Value Proposition

- Are we solving a compelling, unmet need (emotional, financial)? Are we providing value to the industry as well (streamlining, etc.)?

Essential #2 Exploit a High-Growth Market

- Is this market growing at a compounding annual growth rate? Are there few actual competitors because our product is so distinctive?

Essential #3 Marquee Customers Shape the Revenue Powerhouse

- Do we partner with our best customers, shaping our current and future offerings around their feedback? Involving them in many aspects of our business?

Essential #4 Leverage Big Brother Alliances

- Are we making friends in high places (with bigger companies) that have a measurable impact on our revenue / finances?

Essential #5 Become the Masters of Exponential Returns

- Are we setting financial goals, and consistently exceeding them?

Essential #6 The Management Team: Inside-Outside Leadership

- Company facing / Externally facing leadership at the C level.

Essential #7 The Board of Directors: Comprised of Essentials Experts

- Are there CEOs of other billion-dollar companies + alliance partners? Here’s how one company did it. It’s an equation, with some basic business tips strewn throughout.

Discussion

What are your thoughts on the seven essentials? Is it too much effort? Does it seem reasonable? Do you think anything is missing?
More: See the free EITC Curriculum, Module 3 (Section on Writing a Business Plan). What section(s) would incorporate the information seven essentials? Discuss.

More information

Know a Young Entrepreneur? Have them apply for a scholarship here. EITC: Three free PPTs to teach entrepreneurs. Click here. The NFIB Young Entrepreneur Foundation is a 501(c)(3) organization promoting the importance of small business and free enterprise to the nation’s youth. More information is available at www.NFIB.com/YEF. The Foundation is associated with the National Federation of Independent Business; NFIB is the nation’s leading small business association, with offices in Washington, D.C. and all 50 state capitals.

Entrepreneur In The Classroom. The NFIB Young Entrepreneur Foundation Entrepreneur-in-the-Classroom (EITC) supplemental curriculum exposes students to entrepreneurship and the necessary steps to take an idea and turn it into a business. The free curriculum can be integrated into classes teaching a variety of subjects including music, art, fashion, business and many more. You must be registered to view the full Entrepreneur-in-the-Classroom curriculum.

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Entry filed under: Bookclub, Business Planning. Tags: billion dollar company, Blueprint to a billion, David G Thomson.

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1. 50 Best Blogs for Young Entrepreneurs | The Daily Startup | April 10, 2013 at 6:20 am

[...] NFIB Young Entrepreneur Foundation: This organization focuses on teaching teens real-world business lessons, including how to start and run a small business. Recommended Posts: The Top Apps for Small Business and Seven Secrets of Billion Dollar Companies – Blueprint to a Billion Entrepreneur Version [...]
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