Business Accelerator Academy Words of Wisdom

by admin Jun 19, 2018

We’re half way through of our Business Accelerator Academy and to say we’ve learned a lot would be the understatement of the year. Ralph Little, our dynamic instructor for this curriculum (created by Interise), has challenged participants in the class to think differently about their business. We’ve covered a lot of ground, but here are our favorite quotes thus far.

If you are interested in participating in the next cohort of the Business Accelerator Academy in January 2019, please email Karla Rogers at karla@sandychamber.com

“The goal of a company shouldn’t be about money – it should be about creating jobs. Good paying jobs. If you create good paying jobs, then money will flow.” 

“You need 3 M’s to make money — margin, market and multiples.

“When you price your product based on its value to the customer, you make money. The only way you can know that is to talk to your customer and ask them questions.”

“A few questions you should consider when thinking about your business. On a scale of survival to success, which mode are you in? What keeps you at the level you’re at?” 

“Understanding your financials is vital to making successful business decisions. “

“Your competitors ought to be your close friends. Go visit those in your same industry and learn from them.”

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