How to Build a $1 Million Business in Two Years

How to build a $1 million business in 2 years

By : Raad Ahmed

BUILDING A $1 MILLION BUSINESS

IN 2 YEARS

BROUGHT TO YOU BY

LAWTRADES

#1 Don’t waste time

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There is only so much you can do in a day

Don’t waste your time on unnecessary tasks and focus your efforts on what’s most important

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#2 Enjoy the process

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Building a business is filled with up’s & downs

Enjoy the up’s and learn to see how you’re quickly approaching your

long-term goals

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#3 Learn to sacrifice

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Building a company is nothing like 9-5 job

Be prepared to abandon hobbies, friends or your beautiful house to

chase your entrepreneurial dreams

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#4 Don’t seek glamour

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Entrepreneurship isn’t cool

There are way more unglamorous things in building a business

than anywhere else, so don’t seek glamour

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#5 Cash-flow is a king

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Having cash is comfortable, but lack of cash can be motivating

Keep track of your cash and don’t waste it, but obsess over sales to achieve reasonable comfort

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#6 Create win-win situations

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1st year of building a company is sales & leadership

Connect with people, notice their problems & help them solve them in

a way that benefits you both

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#7 Obsess over data

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Cash-flow is king. Data is queen.

Learn to obsess about your expenses, cash-flow, items sold etc.

Track it all, even if you don't use it now.

(they might be useful in a future)

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#8 Reject bad advice

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People always want to give advice

Most of it is useless, or even wrong, so don’t focus on it too much,

use your best judgment and learn from mistakes

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#9 Network smart

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Networking can really help

Network wisely, so you don’t waste your precious time on

unnecessary small-talk instead of creating real value

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#10 Hire wisely

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There are no companies without employees

Hire the ones that can really help and fit well into the culture, avoid

the negative ones

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