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David engages in a conversation with entrepreneur King K, the owner of the brand Crown Me. They discuss the importance of systematic thinking in business and the challenges faced by entrepreneurs. They also touch on King K’s revenue, the expenses of having a store in the mall, and the difficulties he is facing in the business. The host provides some critical feedback and highlights the need for focus and scalability.
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00:04:37 Drowning in business expenses.
00:09:20 Scaling requires strategic manufacturing partnerships.
00:10:43 Scaling is key for success.
00:19:59 Lack of focused planning hinders success.
00:20:43 Set clear goals and take action.
00:29:41 Open every day for success.
00:35:19 Focus on systems for scalability.
00:36:20 Scaling is a challenging goal.
00:45:09 Focus on net profit, not gross.
00:50:53 Track financial progress for success.
00:52:09 Building a strong business team.
#entrepreneur #smallbusiness #podcast #socialproof