Hi gang!  My 7 Figure Business Summit is less than FOURTEEN days away.  For those of you who are coming, I wanted to spend a few days talking about what you should do to maximize YOUR 7 Figure Summit experience.

#1. Be Prepared to LEARN. You are going to be learning from me — and I’m one of the TOP business building mentors out there.  So come ready to learn.  Since one of the primary focuses is defining your needle movers – have an idea of what they are ahead of time.  What are your top 3 – 5 goals?   How do you plan to make them happen.  If you’d like some idea of what needle movers are and how to define them, just search the term here on my blog.

#2. Be Prepared to ASK. This event not only has me at the head of the room, sharing all of my know how and solutions that have helped to build over 150 seven-figure businesses, I’ve also gathered some of the best coaches out there to help guide you through your OWN process.  USE this event.  USE those coaches, ASK your questions.  And remember, if you stand up to ask a question during the event itself, share your NAME and your business’s NAME.  We want you to make the most of every opportunity.

#3. Be Prepared to NETWORK.  You are going to be in a room FULL of like-minded CEO’s and entrepreneurs – not to mention about a dozen of the most amazing angel investors out there.  Have your materials READY.  Have amazing business cards that brand back to you, your business, your social media sites, your products – as much as you can comfortably fit on there!  Have a one page write up about your company and products.  Have your elevator pitch NAILED.  If it takes more than sixty seconds, CUT IT.  And remember to start with palm UP networking. Ask the other guy what business they are in, what their ideal customer is, and ask thoughtful questions/offer connections before you launch into your bit. Ask them what they are looking for so YOU can help THEM.  This is how relationships are built.

#4 Be Prepared to WORK. You’ll be developing or refining your Business Model. This will include:  Your Staffing Plan, Advisory Board Plan, Financing Strategy and Sales Strategy.

You’ll also define your 90-Day Plan and repeatable processes. AND you’ll Meet over a dozen Active Angel Investors!

#5 Be prepared to MASTERMIND. As you develop the items above, you’ll be working with your new Mastermind of 7 Figure Business Builders that we’ll assign you to — plus you’ll work with our group of amazing Expert Coaches. Come with the intention to support others in building their businesses, and letting others help you. This is a safe biz-building haven. Everyone will sign confidentiality and release forms so we’ll all be safe to be open, give and get support, roll up our sleeves together.

Finally, you’ll have access to America’s 7 Figure Business Builder for 3 whole days. So BRING IT!  This is your optimal time to work ON not IN your business for 3 days—3 days which will change EVERYTHING for you.

The Summit is only  away now 4/30-5/2.  So hurry! Get your seats before they’re gone. (As I write this, there’s only 30 seats left – and you can STILL bring a friend for half price. (My personal recession buster) – 7 Figure Business Summit.)

To your amazing and IMMEDIATE 7 Figure Success,

Christine Comaford, 7 Figure Business Builder

CEO of Mighty Ventures, Inc.

NY Times Best Selling Author of Rules for Renegades

PS: IF you cannot attend my Summit for any reason, then by all means, grab my Results Now Webinar and get started – but I think you should ALL be at that Summit and give me a chance to see you and hear the extraordinary life that YOU want to build.

Christine Comaford believes every entrepreneur has at least one multi-million dollar business inside of them. Her 7 Figure Business Formula has created over 153 multi-million dollar businesses. Learn the 6 proven steps to YOUR 7 Figure Business here: http://bit.ly/ComafordWebinar

Today is the second part of my blog on what makes your team members feel a sense of ownership.  Remember, there’s a lot more to be said about team BUILDING and ownership, and I go into tons more detail about this at my 7 Figure Business Summit on 4/30-5/2.  The event is only TWO weeks away now, and there are less than 30 spots left.  You can still come for the early-bird price of $997 AND bring a friend for half price. (That’s MY PERSONAL business acceleration recession buster — 7 Figure Business Summit.)

Reminder: Your comments and feedback on this blog are always welcome.

If you want more accountability, more initiative, more caring and concern for your business, you’ll want to crank up the aspects of ownership that a team member feels.

5. Authority.  This is the degree of autonomy the person has to make decisions without you.  Remember, a group of partners has limits on individual authority, so saying “owner” or not does not answer this question, it’s independent, but more authority does make someone feel like they have more power over their environment and life and thus feel more like an owner. Your team members need to “own” their areas completely without your micro-managing them, and likewise, major corporate decisions are yours, the CEO’s, and these must be respected too. It’s fine and even good to be questioned. If the emperor has no clothes, speak up for goodness sake. We all have reality distortion fields. The question is, is someone’s about to damage the company? If so, speak up, if not, let them thrive and control their area of responsibility.

6. Consultation.  People like (and want and need) to have their advice solicited, to be listened to, to be consulted on major decisions. This does not imply you have to do what they say, but does commit you to ask their opinion and listen. And heck, if you don’t want to consult your team members, then you have the wrong team. Remember how I say it’s crucial to hire people who are smarter than you? This is one of the many reasons why. You’ll want to tap into their smarts. Appreciation and acknowledgement are conveyed when you ask someone’s advice, when you respectfully listen to it and consider it.

7. “Marriage.”  This is the psychological aspect of feeling a sense of mutual commitment.  It is in some ways the aggregate of the other rights, but in my experience is more about the manner in which you deal with the person, the way you introduce them to the world externally and internally, and whether you act like the senior partner or the boss. For instance, I have an agreement with my team members that we’re in this together, and neither one of us will bail on the other without voicing our concerns and trying to remedy the situation. Sounds like a marriage doesn’t it? It sort of is, and when you have this degree of mutual commitment, it makes the hard days easier, the burdens lighter, the trust level higher, the road smoother. Because you’re not alone, as so many entrepreneurs feel they are.

8. Time.  All of these rights can increase or decrease over time (vesting).  No one but a founder (and often not a founder) gets everything irrevocably all at once.  Trust is earned. It’s a cycle of testing, and trusting, then testing some more, then trusting some more.

A sense of ownership is a beautiful thing. What are you doing to foster this within your team?

To your amazing and IMMEDIATE 7 Figure Success,

Christine Comaford, 7 Figure Business Builder
CEO of Mighty Ventures, Inc.
NY Times Best Selling Author of Rules for Renegades

PS: IF you cannot attend my Summit for any reason, then by all means, grab my Results Now Webinar and get started – but I think you should ALL be at that Summit and give me a chance to see you and hear the extraordinary life that YOU want to build.

Okay! Get a cup of jo, because this is a good one!

If we’re going to REALLY get down-and-dirty about building and funding a 7 Figure Business, let’s consider equity financing first. Each round of financing should be large enough to last you 12 months or so. Most companies do 3-5 financing rounds prior to exit (IPO or acquisition). The first financing round should be a smaller one – a few hundred thousand dollars usually from friends, family, or angel investors. The goal is to get a product in beta test form and prove your idea.

Next is a more formal financing round, often multi-millions, with institutional investors (such as venture capitalists) coming into the picture. Then comes round three, sometimes with corporate investors and more institutional investors. At the third round, the exit or liquidity event should be planned.

The other source is similar, except your financiers are angel investors instead of institutions. You still need to have the right corporate structure and you’ll have the ups and downs that come with someone else owning a sizable chunk of your company. Remember–the goal of any investor is to make money as soon as they can and at the highest value they can. This changes the course of a company’s business acceleration — a LOT!

Regardless of which equity-based approach you take, you’re selling a piece of your company, so you’ll be losing some control. You’ll now have partners who can vote on company decisions you want to make, and sometimes your plans will be shot down. That said, this may be a better approach than dangling alone on the financial hook. With equity, the company’s assets are at stake; with a loan, your personal ones are. Either way, though, your business acceleration and 7 figure success almost demand that financing is part of the deal.

This week, jot down 5 people who you could target as investors in your company. Think about how you can approach them, and how you can sell your business idea. If you’re ready to get your pitch in order, then you’re probably ready to work with me. How? Well, I mentor one-on-one and in small groups, through my Business Acceleration Mastermind program, and also with my Business Acceleration Intensive weekends.  I also mentor at live events, like my 7 Figure Business Summit.  THIS event is happening in only FOUR WEEKS.  4/30-5/2.  So hurry!

IF you cannot attend my Summit for any reason, then by all means, grab my Results Now Webinar and get started – but I think you should ALL be at that Summit and give me a chance to see you and hear the extraordinary life that YOU want to build.

To your amazing and IMMEDIATE 7 Figure Success,

Christine Comaford, 7 Figure Business Builder
CEO of Mighty Ventures, Inc.
NY Times Best Selling Author of Rules for Renegades

Christine Comaford believes every entrepreneur has at least one multi-million dollar business inside of them. Her 7 Figure Business Formula has created over 153 multi-million dollar businesses. Learn the 6 proven steps to YOUR 7 Figure Business here: http://bit.ly/ComafordWebinar

Do you know your business’ Freedom Finish Line? How can you ever reach it if you don’t KNOW it? Christine Comaford, The 7 Figure Business Builder shares her business acceleration expertise in this video. If you want to see Christine LIVE and in person, you can attend her 7 Figure Business Summit in April. Go to http://www.7FigureBusinessSummit.com/2010 for details.

In our nation — THE land of opportunity — a business fails every SIXTY SECONDS.  We launch more success stories, and more failures than anywhere else in the world.  AND THAT MAKES ME HAPPY!  Happy?  Yes, because people are taking risks to change their lives.  But of course, I want you to be one of the success stories.  A 7 Figure Success Story, to be specific.  Because when you hit THAT level, you’ve built a business you can sell.  And how do you HIT that level? You practice business acceleration! And you learn to practice that from The 7 Figure Business Builder — me! Watch this video to learn the ingredients to my 7 Figure Business Formula.  Want more training (and who wouldn’t)?  Join my monthly video mentoring site — hugely affordable at $99 a month.  THIS is how I support new start-up entrepreneurs — or those entreperenurs who simply can’t leave their businesses to work with me in person in San Francisco.

To your amazing and IMMEDIATE success,
Christine Comaford, The 7 Figure Business Builder
CEO of Mighty Ventures, Inc.
NY Times Best Selling Author

PS: In the spirit of great free gifts, if you have not gotten my FREE CD on building a 7 Figure Business, you’re missing a vital key to your 7 Figure Success Story. http://www.bit.ly/iBmuI

What’s the MOST important part of what your company does? If you answered accountability or responsiveness or even quality control, you’re wrong.  The MOST important thing, every day is: Close the Deal. After all, EVERYTHING stops if you can’t do this.

Remember these four vital ingredients:

#1.  Closing is about confidence. You have to KNOW that you kick butt and know that the rest of your formula (i.e., accountability, responsiveness, QC, etc.) is solidly in place.

#2. Also, if your prospect feels you have confidence in your solution, THEY will have confidence in your solution.

#3. Remember, confidence comes from preparation + a quality product you believe in + using the Confident Stance (if nervous, focus on something you are great at: parenting, a hobby, being a terrific friend, etc. Feel that energy in your body and posture – then have at it). You are holding a solution they NEED, they are in PAIN.  It’s a great match – so no reason to be nervous at all.

#4. If you are nervous – or even if you’re not – role play your final presentation in advance and prepare answers to objections.  There’s NO reason not to be prepared.  This is how you HELP your prospect to work through their process and see your solutions.

For only the cost of shipping and handling ($4.95) I’d love to give you my 7 Figure Business Systems (which includes over 45 “must have” business documents, procedures, templates tutorials and worksheets). AND you’ll get 2 weeks FREE trial to my 7 Figure Business Formula Video Mentoring Program. After your FREE trial, unless you notify us, you will be automatically enrolled in this $97 a month Exclusive Training Program.  Business acceleration is no joke, gang, and finding a rockin’ mentor is a huge part of it.  I’m here and I’ve done this over 100 times. 

trial. Supplies are limited and I have no plans to create more. http://bit.ly/97KnyV