MBACC4
VALUE DELIVERY
Every successful business actually delivers
what it promises to its customers.
There’s a term for a person who takes other
people’s money without delivering equivalent value:
"scam artist."
Force Multiplier
“Man is a tool-using animal. Without tools he is nothing, with tools he is all.” — Thomas Carlyle, essayist and historian
Key Ideas:
- Force Multipliers are tools that help you Amplify your effort to produce more output. A hammer is a force multiplier.
- Investing in Force Multipliers means that you’ll get more done with the same amount of effort.
- Generally, the only good use of debt or outside capital is when it gives you access to Force Multipliers that you wouldn’t be able to access any other way.
- force Multipliers free up your time, energy and attention to focus on building your business instead of simply operating it.
Questions for Consideration:
- Do any force multipliers exist in your market?
- Are you using the very best tools you can obtain and afford?