Player FM ऐप के साथ ऑफ़लाइन जाएं!
From Zero to Billions
Manage episode 428210665 series 1822968
Episode Summary:
In this episode, Antonio T. Smith Jr. reveals the secrets to taking a startup from zero income to a multi-billion dollar empire. Learn actionable strategies for managing costs, understanding customer needs, and driving massive profits while controlling your narrative in diverse markets.
Bottom of Form
Follow Antonio Here:
https://www.facebook.com/theatsjr
https://www.amazon.com/stores/Antonio-T.-Smith-Jr/author/B00M3MPVJ8
https://www.linkedin.com/in/antoniotsmithjr
https://antoniotsmithjr.com
https://www.instagram.com/theatsjr
Introduction
- Focus: How to market a startup business with no income
- Objective: Take a business from zero income and no customers to profitability
- Specific example: Marketing Riqueza from zero dollars to $3.5 billion by the end of 2024
Key Concepts
- Business vs. Empire:
- Business: Generates consistent income and is owned by you
- Empire: Continues after your death but may lead to oppression and eventual downfall
- Antonio's stance: Focus on creating a sustainable business, not an empire
Marketing Strategies
- Objective Setting:
- Define clear financial goals (e.g., $3 million to become profitable, $2.7348 billion annually)
- Understand the difference between no profit and being out of business
Customer Focus
- Identify Target Market:
- Know exactly how many customers are needed (e.g., 6.94 million for $2.7348 billion annual revenue)
- Focus on providing what the customers want, not just what you want to offer
Profitability
- Profit-Driven Approach:
- Aim for massive profit, not just acquiring customers
- All efforts should support the goal of reaching a defined profit margin
Cost Management
- Expense Management:
- Control labor, food, plastic, and paper costs
- Example: Little Caesars' model of managing costs (21% labor, 30% food, 6% plastic, 6% paper)
Practical Advice
- Starting with No Income:
- Approach business with a mindset of being broke
- Focus on generating your own money without relying on external funds
Differentiation in Marketing
- Riqueza’s Marketing:
- Positioning as a philanthropist in different markets (e.g., India)
- Control the narrative to appeal to specific cultural values and expectations
Learning and Outsourcing
- Skill Acquisition:
- Young entrepreneurs should learn as much as possible about their business
- Older or more established entrepreneurs can delegate tasks to focus on core business strategies
Final Tips
- Community and Family:
- Involve family in business decisions
- Balance personal and professional life according to individual preferences and business needs
Support this podcast at — https://redcircle.com/the-secret-to-success/exclusive-content
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
1470 एपिसोडस
Manage episode 428210665 series 1822968
Episode Summary:
In this episode, Antonio T. Smith Jr. reveals the secrets to taking a startup from zero income to a multi-billion dollar empire. Learn actionable strategies for managing costs, understanding customer needs, and driving massive profits while controlling your narrative in diverse markets.
Bottom of Form
Follow Antonio Here:
https://www.facebook.com/theatsjr
https://www.amazon.com/stores/Antonio-T.-Smith-Jr/author/B00M3MPVJ8
https://www.linkedin.com/in/antoniotsmithjr
https://antoniotsmithjr.com
https://www.instagram.com/theatsjr
Introduction
- Focus: How to market a startup business with no income
- Objective: Take a business from zero income and no customers to profitability
- Specific example: Marketing Riqueza from zero dollars to $3.5 billion by the end of 2024
Key Concepts
- Business vs. Empire:
- Business: Generates consistent income and is owned by you
- Empire: Continues after your death but may lead to oppression and eventual downfall
- Antonio's stance: Focus on creating a sustainable business, not an empire
Marketing Strategies
- Objective Setting:
- Define clear financial goals (e.g., $3 million to become profitable, $2.7348 billion annually)
- Understand the difference between no profit and being out of business
Customer Focus
- Identify Target Market:
- Know exactly how many customers are needed (e.g., 6.94 million for $2.7348 billion annual revenue)
- Focus on providing what the customers want, not just what you want to offer
Profitability
- Profit-Driven Approach:
- Aim for massive profit, not just acquiring customers
- All efforts should support the goal of reaching a defined profit margin
Cost Management
- Expense Management:
- Control labor, food, plastic, and paper costs
- Example: Little Caesars' model of managing costs (21% labor, 30% food, 6% plastic, 6% paper)
Practical Advice
- Starting with No Income:
- Approach business with a mindset of being broke
- Focus on generating your own money without relying on external funds
Differentiation in Marketing
- Riqueza’s Marketing:
- Positioning as a philanthropist in different markets (e.g., India)
- Control the narrative to appeal to specific cultural values and expectations
Learning and Outsourcing
- Skill Acquisition:
- Young entrepreneurs should learn as much as possible about their business
- Older or more established entrepreneurs can delegate tasks to focus on core business strategies
Final Tips
- Community and Family:
- Involve family in business decisions
- Balance personal and professional life according to individual preferences and business needs
Support this podcast at — https://redcircle.com/the-secret-to-success/exclusive-content
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
1470 एपिसोडस
Tất cả các tập
×प्लेयर एफएम में आपका स्वागत है!
प्लेयर एफएम वेब को स्कैन कर रहा है उच्च गुणवत्ता वाले पॉडकास्ट आप के आनंद लेंने के लिए अभी। यह सबसे अच्छा पॉडकास्ट एप्प है और यह Android, iPhone और वेब पर काम करता है। उपकरणों में सदस्यता को सिंक करने के लिए साइनअप करें।