In this instalment of Revenue RX, our host Joseph explores the significance that success is an ongoing committed process that requires a never ending commitment to compete. Joseph emphasizes that if you want to grow the business and increase revenues you have no choice but to compete. The episode drills deep into the various aspects that impact success through a SWOT analysis of an optical stores competitive environment. This involves diving into the Strengths and Weaknesses, as well as the Opportunities and Threats to the business. Joseph highlights a variety of Threats challenging your ability to succeed, and yet empathizes the importance of embracing them with the knowledge that you have the ability to control most of them. If you're going to get into business, if your are going to be an entrepreneur, you have to embrace competition!
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01:05) Success is not an end in itself.
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01:53) Competition defined in practical terms.
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06:36) Making the commitment to Compete.
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09:43) SWOT Analysis - What is it? (Strengths, Weaknesses, Opportunities, Threats ).
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10:40) Strengths. You're stronger than you think!
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12:18) Weaknesses to consider.
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13:52) Opportunities. Some good news!
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16:29) Threats. Challenging your ability to succeed.
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19:31) Control the things you can.
REVENUE RX is a winning prescription for optical store / optometrist owners, where the focus is on making more money!” We uncover new ideas and useful insights as we explore OPTICAL STORE WINS!
The podcast is for eye care professionals (ECP) who want to grow and build their business but don’t know where to start, have run out of ideas & don’t have the time.
For more personal attention: Please click the link below 👇
https://www.revenuerx-opticalretailwins.com
What is Revenue RX, Optical Retail Wins?
REVENUE RX is a winning prescription for optical store / optometrist owners, where the focus is on making more money!” We uncover new ideas and useful insights as we explore OPTICAL STORE WINS!
The podcast is for eye care professionals (ECP) who want to grow and build their business but don’t know where to start, have run out of ideas & don’t have the time.
Discover how an entrepreneur owned and ran 2 successful optical stores for 16 years and worked only 2 days a week! Understand the difference of working ON the business as opposed to IN the business. Be enlightened knowing that Trust is your biggest expense. Follow me every second week in this 'Revenue RX, Optical Retail Wins' podcast and find new ways to think about your Optical Retail business and take action and be the entrepreneur you always wanted to be.