Damon Remy knows business strategy having built several highly successful businesses. He recently had a very interesting Facebook Post that we thought you should read. So we are sharing it here:
Understanding Your Business Level – It’s a Game of Strategy!
Just as in sports, businesses operate at different levels, each with its unique set of challenges and opportunities. It’s essential to recognize where you are and play to your strengths.
A Baseball Analogy for Business
Here’s a perspective to help you navigate the business playing field:
Lemonade Stand:
Remember your first business venture – perhaps a lemonade stand? This is where many of us got our first taste of entrepreneurship. Like playing in Little League, it was about learning the basics, enjoying the process, and understanding the fundamentals of business – supply, demand, customer service, and the joy of earning your first dollar.
Single-A Business Level:
Many entrepreneurs find themselves in what can be compared to Single-A baseball. Here, you’re beyond the basics, operating a small business with its unique dynamics. You’re possibly managing a team, solving more significant customer demands, and encountering new challenges.
The Major Leagues:
Aspiring to be a Fortune 500? It’s reserved for a select few, characterized by massive scale, complex operations, and a vast impact on the economy and society. It’s not just about playing the game but changing it.
But here’s the thing:
It’s Okay to Play at Your Own Level: Not every entrepreneur aims for or needs to play in the Majors! And that’s perfectly okay! Every level of business has its own beauty and challenges. Embracing your current level lets you focus on what’s truly important for your business’s growth and sustainability.
Recognize Your Business Needs:
Each level requires different strategies, mindsets, and resources. What works for a lemonade stand won’t suffice for a Single-A business, and what suits a large corporation may be overkill for a small enterprise.
Understanding your level helps you adopt the right tactics and avoid unnecessary complications.
Grow at Your Pace:
Just as athletes move through different leagues in their careers, your business can evolve, too. But it’s a journey, not a race. Growth should be intentional and aligned with your vision. Whether it’s expanding your customer base, diversifying your offerings, or enhancing your operational efficiency, do it at a pace that suits your business goals and personal vision.
Remember, every business level is important. Whether you’re running a cozy corner store or leading a multinational corporation, what matters most is how well you play at your level, meet your customer’s needs, and stay true to your vision.
So, take a moment to reflect: What level is your business at? Are you playing to your strengths at this level? How can you optimize your strategies to thrive right where you are?
Using Tools and Systems in Your Business
No matter where you are at in your business, systematizing your processes will help you grow. With a system, automation, and technology can be utilized to get things done quickly. And with a system, you can put others in place to do the tasks needed.
Damon is the founder of REIBlackbook, a whole bunch of tools all packaged into one. Many successful real estate investors across the country utilize REI Blackbook’s tools to help with many different processes. There are tools for Wholesalers, Rehabbers, Landlords, and just about anyone with a business. And it REI Blackbook makes it much easier to plug in people to get the job done. Show Damon and his team your process and he probably has a system to help you with it. He is our guest speaker in January, and you are not going to want to miss this meeting.
