Here’s what we will cover today:

• Rediscover your long-term business goals and how to make them a reality.

• Learn how compelling market research can make investors say “yes” to your idea.

• Discover the 2-hour rule that helped Steve Jobs create groundbreaking ideas.

Quote of the Day

“Always give your best effort even when the odds are against you.”
~Arnold Palmer

Today’s Tip

When starting a business, most entrepreneurs dream about the finish line; specifically how their lives will be radically better once their business becomes a huge success.

But soon after starting their businesses, entrepreneurs and business owners become trapped in the day-to-day, week-to-week, and month-to-month goals of generating more sales and profits, improving employee performance, and trying to reduce their hours and stress.

At some point, the vast majority of entrepreneurs become 100% focused on these short-term goals and lose sight of their long-term visions. As a result, they begin to wander, and never achieve the vision they initially hoped to achieve.

The solution is rather simple: stop what you’re doing and dream again about the finish line. Specifically, you need to reassess what you’re trying to accomplish with your business.

In many cases, this long-term vision will be the same as the long-term vision you had when you started your business. In other cases, your long-term vision might have changed.

But in every case, you must reassess your long-term vision, or you will have virtually no chance of achieving it.

So right now, I’d like you to write down your ultimate goal for your business.

For example, do you want to sell it to another company? Sell/give it to your employees or children? Take it public? Continue to run it forever and reap ongoing profits?

Write this down and tomorrow I’ll show you how to achieve your vision by reverse engineering it.

Today’s Resource

Make Investors Say “Yes!”

Successful business plans share one thing: compelling market research. 

It’s what convinces investors your idea is worth their money. 

Growthink delivers everything you need from customer demographics to competitive profiles.

Win over investors. 

Trivia

Today’s Question: What six-letter hairstyle is popularly associated with the semi-ironic phrase "business in front, party in the back"?

Previous Question: The GMAT is an often-required standardized test for admission to graduate business schools in the United States. What does the letter "M" stand for in this acronym?

Previous Answer: Management

The GMAT® (Graduate Management Admission Test®) exam is a standardized assessment used around the world to measure academic potential for graduate study in business and management.

News

The business of selling booze is under pressure

Steve Jobs Used the 2-Hour Rule to Come Up With Some of His Greatest Ideas

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