Jerry Fernholz’s Post

Myth Busting - Digital File Management 🗂️ Myth: It’s just for the big businesses. Truth: From solopreneurs to large teams—everyone benefits. Efficient file management not only boosts productivity and cuts frustration but also translates into financial savings. By reclaiming hours spent searching for files, you're freeing up valuable time that can be invested back into your business. If you were gifted time back, how would you use it in your business?

How do I value my business to sell it? 🌐 Learn the ropes of determining your business's worth. From financial metrics to industry benchmarks, we've got the keys to unlock your company's value. 🗝️ Are you in need of help selling your business? You'll need our tool, the TRR. Grab yours below! 🚀 https://lnkd.in/etUdjuUw #VentureCorporateFinance #BusinessValuationTips #BusinessExit

Building a business is a journey, and sometimes it means rethinking what you thought you knew. 💡 Over the past few months, I’ve been heads-down on building Approval Heroes—working on everything from our business plan to refining our website. Along the way, I thought I had a solid mission and purpose statement, but it wasn’t speaking to me like it should. It wasn’t until I came across Ryan Deiss' video, "How to Make Top 1% Decisions in Business," https://lnkd.in/gRaNzpEb that I had an aha moment. He shared examples of what a truly effective mission statement looks like, and I realized ours wasn’t quite there. It was good, but it didn’t fully capture our vision or impact. So, I hunkered down to refine it, to make sure it truly reflected what Approval Heroes stands for. And now, I couldn’t be more excited about where we’ve landed: “To empower people to make confident financial decisions by making borrowing simple, transparent, and personalized for every stage of life.” It’s more than words; it’s our commitment to transform how people approach borrowing. From helping people navigate their financial options effortlessly to leveraging AI technology for transparent and personalized loan matches, our purpose is to reshape how Canadians find financial solutions. I’m proud of the work that's gone into this—it's the foundation of everything Approval Heroes will be. And I’m eager to share more about how we’ll disrupt the lending industry and empower every person who comes to our platform. 🚀 What’s one moment that changed how you saw your own business or mission? Let’s connect—I’d love to hear your journey. And if you’re curious about our purpose or what Approval Heroes has been building, stay tuned. 👀

Reminder: a business plan is not a 100-page novel. It is a business tool! :)

When you build a business without a foundation of systems, the result can be overwhelming.

Every business is a living document, an algorithm that needs to be improved.

How to build a side business 101 - Identify a problem you have - Solve your issue & share it - Build a scalable solution - Share how you did it - Rinse & repeat The process is simple. There’s no better way to build a business around something that ignites you!

NOW ON-DEMAND: If you’re thinking about starting a business, it’s super important to understand how to handle your credit. Learn the basics of managing your credit and keeping a good credit score. Start your business journey with smart credit moves! 🌟 View the replay using the link in the comments.

Four step process for designing a Dimensional Model 1. Select a Business Process 2. Declare the grain 3. Identify the dimensions 4. Identify the facts