Do you know your business’ MVPs? FINDING your MVPs can be really difficult. Christine Comaford, The 7 Figure Business Builder shares her business acceleration expertise in this video and the 1-2-3 on discovering your true MVPs — those that can catapult you into real success. To see Christine Comaford LIVE and in person, you can attend her 7 Figure Business Summit in April. Go to http://www.7FigureBusinessSummit.com/2010 for details. (But do this NOW, since the early-bird special pricing is ending VERY soon, and bring a friend or colleauge for half price!)

To YOUR 7 Figure Success Story!
Christine Comaford, The 7 Figure Business Builder
CEO of Mighty Ventures, Inc.
NY Times Best Selling Author

PS: Here’s that link again http://www.7FigureBusinessSummit.com/2010

What is the one thing that holds you back from achieving your dreams?

Is it money? Time? Lack of resources? I don’t think so.

I’ll bet anything that it’s the fear of failure. But you’re in good company, because this is the single biggest hurdle to success that people have. Truth be told, you’re going to have some so called “failures” in life, sometimes one right after another. But if you want to be a successful entrepreneur or intrapreneur, you have to embrace risk instead of running from it.

Take a stab at opportunity whenever it presents itself. You won’t always measure up (I sure haven’t) but that doesn’t mean you have to walk away from the game. Remember–you’re playing to WIN, not to avoid losing. So how exactly do you bounce back from any failure without as much as a scratch? By learning to “fail forward”.

When things don’t go your way, just take a breath, regroup, and bounce back higher and harder. It’s okay to fall down seven times…just as long as you get back up at least eight times. And every time you get up, you’ll be stronger, wiser, and better suited to take on the next challenge.

Here’s an easy way to get started right away: write the words “Fail Forward” with a big Sharpie on a blank sheet of paper and tape it somewhere where you can see it. That way, when those inevitable failures happen (and they will), you’ll always be reminded that you’re not taking a step backwards…but a step forward, towards your goal.

Trust me–it’ll help tremendously to Make Your Venture Mighty!

Until next time, Christine

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

PS: Do not miss my FREE CD on building a 7 Figure Business, there are only a couple hundred left, and they’re VITAL to building your 7 Figure Success Story. http://www.bit.ly/iBmuI

Let’s get specific today. First, consider this first real-life example. A professional services firm with an initial value of $2 million hired me to help boost its value. The trouble with services firms is they are often valued at only revenue times one. Ick. So we beefed up the board and advisors (adding $1 million in value), helped nail down specific strategic alliances ($3 million), mapped out a line of “productized” services ($2 million), and developed new sales channels ($2 million). About six intense months later, the firm sought financing with a respectable pre-money valuation of $10 million. It closed the financing in three months.

Here’s another example of value boosting. I recently mentored an Internet promotion company – we started with no revenue. Zero. Before seeking financing, my team and I had to answer the question: how do you make an idea into a hot commodity? The solution consisted of pulling in a rocking team and coming up with a hot business plan (adding a $1 million in value), developing a compelling product prototype ($1 million), locking in killer alliances ($1 million), and building an IP portfolio ($2 million). We took its value to $5 million in four intense, somewhat sleep-deprived months. Then we raised $2.5 million in financing with a pre-money value of $5 million, and a post-money value of $7.5 million. The $2.5 million invested bought 1/3 of the company.

Value is about potential. Potential today; potential tomorrow. The main reason you keep building value in your company, in all the tangible and intangible ways (and as I’ve shown you, the “intangible” ways often do have dollar-values attached to them!) is because a high value company gets the financing it wants on the terms it wants. It also gets multiple acquisition offers at fabulous terms. The high value company gets the alliances, the staff, and the opportunities it wants, too.

Remember, you are selling the future as you are selling the present. The present must look promising for the future to be potentially glorious. What are you doing to boost the value of your company today?

Christine Comaford, CEO Freedom Fighter
Business Acceleration
CEO of Mighty Ventures, Inc.
NY Times Best Selling Author

PS: If you haven’t signed up for my CEO Freedom Summit yet, you’re basically missing an opportunity to work with me – and 200+ other like-minded entrepreneurs and intrapreneurs. Grab your seat NOW for $997 (a $2,000 discount from full price). http://bit.ly/5dHdCp  

PSS: The one thing you do today should be to get my no cost CD on the “6 SECRETS to Creating More Time, Money, Freedom & FUN In Your Business”  http://www.bit.ly/iBmuI

After you watch this video on the CEO Freedom Formula, feel free to visit my CEO Freedom Summit Page and grap YOUR seat before they’re gone!  And, you can bring a colleague for half price!