A Profitable Business - Rules of Success Per Sam Ovens 1. Solve a high level Need/Demand/Problem in the Market (Specific People group) 2. Monitor and manage Cash flow available to invest in the business - Focus on having Cash Reserves. Receive money from customers before you have to spend it. Run the Biz lean on spending money. Plan on Having 1 year of cash reserves if zero dollars came in. 3. Assemble a GOOD team with GOOD leadership with GOOD attitudes (hire the best) and automate efficiently as much as possible. I'll add 4. Be single minded on the Vision 5. Avoid multitasking 6. Have a daily Routine that Quantum leaps & amplifies your impact. 7. Trade EXPECTATIONS & COMPLAINING for APPRECIATION & GRATITUDE and the whole game changes in a moment. Thank you Sam Ovens !

this is the "Real Deal - Man of Steel" info first hand. I have never seen any one in the marketing realm Give as much as Sam. Others will sell you into a "Mini Sales Presentation" and then hit you again into the next level. Not Sam, Everything he says should hit you on a quantum level - Now, Imagine what he offers to those who wish to be inside his circle. Keep amazing us, and Thank You Sam.

Amazingly clear-cut and easy to follow. Thanks Sam.

Amazing video Sam! So much value and I love how you flipped the script and talked about getting better in business by studying businesses that fail. That drill metaphor was awesome.

Thank you Sam. Amazing content!

Thanks for sharing, Sam. Great video!

Awesome video Sam! So much value.

Awesome! Thanks for the high value video!

Thanks for the useful information.

Incredibly insightful

Truth. Thanks for sharing.

Did you research consumer behaviour to find actual vs ideal situation? In my degree, we did actual vs ideal self and how marketing is bridging that gap. Never thought about it in business sense transferring mental models seems to be a great asset you use all the time. Thanks again, man!

I love your videos. Thank you very much

Great video!

Thank you Sam!!

Great content, great advices , very smart guy.

Wow your content is amazing and the truth!!!

Sam you are just the best. Was so helpful to hear what you had to say about market need. How that is the number one reason why businesses fail. Made me see more clearly the importance of that and how that is also the key to good marketing, a good product etc... Everything basically. Ha ha

Amazing stuff

Convictingly insightful! Personal takeaway- Foundation is the base to anything that will last time... knowing what not to put in the foundation is half the battle of laying the right foundation!

I always love how your mind works brother!

inspiring video. Thanks, Sam.

Phenomenal.

I think I just found my market problem and the solution came to me so easy haha I'm so excited

Awesome vid. Recommend putting the camera on a tripod and speaking to it (the at times shaky footage is kind of annoying), and at the very least trying your best to look into the camera lens instead of the frame of yourself. The second point especially would be much more effective. Other than that love watching these kind of "break-down" vids. Keep it up :)

Love this

Yeah great reminder again... still very early on for myself, but having this be a constant thing I'm looking to ask as I move through various tasks day-to-day is great to keep the focus, particularly when solving a problem... definitely find sometimes it's easy to get carried away with things you know yourself and then you've forgotten your market... so making a notice to ask myself that question daily will be a change I implement after this video. Much appreciated :)

Always a great reminder, thanks so much Sam!

so great！！！

I like how you address the fundamentals of doing business. Fundamentals are always in fashion and necessary for a strong foundation. Thank you, I'm seeking and developing a simple and necessary service to bring to the marketplace. I'm growing as I'm learning.

Great video, may I know how you first acquired your accounting or bookkeeping knowledge? Any suggestion for learners?

Thank you for the insights Sam. The observation of business owners who are enthralled with the technology, rather than being centered on the client's need resonated with me especially. I've tended to dive too far into the technology losing track of the client's use of the service as the essential focus. Will be sure to adjust my thinking going forward. Also, I really enjoy your style of communication. The clear, direct, and orderly approach to the content is especially helpful. You've made sure to get the core points, explain them in context, and succinctly embed them into an actionable daily process. It's clear people will gain a lot of value from this video. Many thanks!

Another great video Sam!

Please look at the camera lens when doing these videos. It's the equivalent of not giving eye contact in person, I'm afraid. Really appreciate this content and your work in general. Sincerely.

Great video. The only comment I would have is whether being cash forward is as important for an SaaS business. When it scales the cost to aquire each customer is negligible so I would have thought relying on customer subscriptions would be okay ( if one is not seeking external investment).

Cool video Sam. I was wondering if you could do a video about being an entrepreneur alone and having a family. How to avoid the stress of family obligations in order to be sane mentally?

Amazon Pay sellers tow weeks after the good is sold but you are right cash flow is a big Challenge for them , yoy need to be very good with managing good terms with factories ,thank you for summarising what is important !

Great insight thank you Sam !

Awesome Sam, speaking the truth with no sugar coating. Keep doing what you're doing man. From another Kiwi business owner :)

In regards to research do you do that before learning more technical skills? E.g web design

2024..anyone watching this..great stuff

Hi sam. so the 3rd one is hard to solve. Can you make a video about how to build a good culture for your business

Hey Sam, It would be really interesting to know how deal with fear, especially when needing to make bold choices in growing your business. How do you prepare yourself for these situations?

Hey Sam, great video. I like the videos you make on fundamentals that business owners need to have a successful business. I loved the video you made on being a good operator before scaling. These videos are a must as we’re bombarded with videos on funnels, social media marketing and sale driven videos however there aren’t many on the basics. Please make more videos like this. Thanks, Ibrahim

thank you Sam for this valuable informations

Features and Benefits

I watch this video as my daily affirmation at 2.3x speed

i have been following you for awhile and can't believe how many times people ask ... and you repeat these fundamentals

Thanks Sam! Great insight. I'm taking notes.

its common sense why it would suceed or fail , supply and demand and stream lining to do it the best , adapting to changes of people's needs ,

Excellent content and delivery Sam, thank you. Greetings from Ngunguru.

Great videos, you sound like the real deal Sam, I’m just on the fence, I know I need to get out of my comfort zone and get your training programme. Anyone on here thats completed the course and can help clear my doubts?

Would it be good to start a business based on a popular market demand

Good videos, they really help my insurance business in Texas! #whathaveyougotthereRhrett #anygood?

What's amazing about you is how much clarity you bring. The way you explain it is just so clear You have simplified it so much. It's broken down into easy steps. Amazing. As usual excellent advice. Respect

Haven't met too many entrepreneurs who actually take the time to research market needs or build and execute an action plan to fill those needs. In real life, it comes down to a few lucky startups who happen to stumble across a market need and take advantage of it. Strategic planning is a wonderful thing to write and talk about, but very few entrepreneurs actually make the effort to walk down that path.

Sam. Great videos and I'm on the foot of the ladder. I have a 2 clients and I basically offer services in 'search' (SEO and PPC). MY experience lies with e-commerce as I've been intensively involved for 6 years in two companies. MY questions is. Is ecommerce PPC and SEO too broad a niche?

Absolutely excellent video. You, my friend, definitely have the right idea. I literally thank God that you exist Sam.

Then how can fashion businesses survive without solving à specific market problem ?

I use your videos to learn english with subtitle and 2x speed :)

I m gonna make presentation on this topic

"If good people don't have good leadership they become bad people" - does this imply that first good leaders were sent to Earth from heavens or parallel universe?

I’m taking action as of right now because of your message and your messages . Just want to say thank you Sam .

So the key Sam is finding the problem in your niche market, but what if the same problem exists in other niches? Is your answer to first start in one niche?

I like these videos with the front camera! Tai Lopez style XD

Check out the video and let me know what you think here in the comments? I will be personally reading/replying to them (not my team...).

genius

What's going on in the head of the dislike people? They don't understand the value or what?

2:40

Forget inventing stuff. Most people throughout human history have covered the majority of niches and problems. So, it is very difficult to invent something, especially if (as you say Sam) it doesn't resolve an issue.

Cashflow is King.

i like you channel not have so much a ads Annoying

I hardly ever hear people refer to things in terms of - first principles, so im glad Sam you gave me a context in which to comprehend the meaning of that phrase. I only ever hear Peter Thiel explaining and describing things in the perspective of first principles, and sometimes Ray Dalio, which is strange given the magnitude of insight they produce when investigated and identified. Must just be a modality needed by those who are capable of producing billions in value AND profit. If only everyone could learn form billionaires, a whole lot of potential would be saved.

This video should not be free. I would pay for these kinds of advice. PREMIUM QUALITY.

Whoa! One year's cash on hand. Would you share what kind of bold bets you've made for your business due to this strategy?

I’m one of his students, ask me anything

What successful business have you built?

18:26 and covid came 2 years later.

what market need does your business solve , talking crap and taking money isnt a market need

Can you give us some business ideas with small cash to start?

what do you consult on? / slash how do you add to the world / why would an corporation hire you? phony belony , your business is probably ripping of people i would think

Man i have small balls :(