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

February 1, 2013 at 12:53 am 4 comments

Blueprint to a BillionThe 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.

Related Links (Advanced)

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: , , .

Introducing Entrepreneurship to Young People through Activities and Discussion Passion: A Valentine’s Day Wish or an Entrepreneurial Necessity?

4 Comments Add your own

  • [...] 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 [...]

    Reply
  • 2. 50 Best Blogs for Young Entrepreneurs - OEDB.org  |  May 21, 2013 at 2:27 pm

    […] 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 […]

    Reply
  • 3. Kathy Korman Frey  (@ChiefHotMomma)  |  May 21, 2013 at 4:25 pm

    Thanks to OEDB for listing us, and recommending this post, in its 50 Best Blogs for Young Entrepreneurs

    http://oedb.org/library/beginning-online-learning/50-blogs-for-young-entrepreneurs/

    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

    Reply
  • […] Additional: I see our partners playing a role in all of the above. When the team is back later in January, we’re going to set these goals. I have some ideas about organization and legal structure changes, but need to consult with a couple mentors on them still. Partners is one of the Blueprint to a Billion seven keys to success. See a mini write up here, and detailed write up here. […]

    Reply

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