Each year Americans start one million new businesses,
nearly 80 percent of which fail within the first five
years. Under such pressure to stay alive--let alone
grow--it's easy for entrepreneurs to get caught up in a
never-ending cycle of "sell it--do it, sell it--do it"
that leaves them exhausted, frustrated, and unable to
get ahead no matter how hard they try. This is the exact
situation Mike Michalowicz found himself in when he was
trying to grow his first company. Although it was making
steady money, there was never very much left over and he
was chasing customers left and right, putting in
twenty-eight-hour days, eight days a week. The punishing
grind never let up. His company was alive but stunted,
and he was barely breathing. That's when he discovered
an unlikely source of inspiration--pumpkin farmers.
After reading an article about a local farmer who had
dedicated his life to growing giant pump-kins,
Michalowicz realized the same process could apply to
growing a business. He tested the Pumpkin Plan on his
own company and transformed it into a remarkable,
multimillion-dollar industry leader. First he did it for
himself. Then for others. And now you. So what is the
Pumpkin Plan? Plant the right seeds: Don't waste time
doing a bunch of different things just to please your
customers. Instead, identify the thing you do better
than anyone else and focus all of your attention, money,
and time on figuring out how to grow your company doing
it.Weed out the losers: In a pumpkin patch small, rotten
pumpkins stunt the growth of the robust, healthy ones.
The same is true of customers. Figure out which
customers add the most value and provide the best
opportunities for sustained growth. Then ditch the worst
of the worst.Nurture the winners: Once you figure out
who your best customers are, blow their minds with care.
Discover their unfulfilled needs, innovate to make their
wishes come true, and overdeliver on every single
promise. Full of stories of other successful
entrepreneurs, "The Pumpkin Plan" guides you through
unconven-tional strategies to help you build a truly
profitable blue-ribbon company that is the best in its
field. |
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