{"id":436,"date":"2018-07-28T01:00:26","date_gmt":"2018-07-28T05:00:26","guid":{"rendered":"https:\/\/www.saudercpa.com\/blog\/?p=436"},"modified":"2018-07-28T11:20:55","modified_gmt":"2018-07-28T15:20:55","slug":"the-michael-process","status":"publish","type":"post","link":"https:\/\/www.saudercpa.com\/blog\/2018\/07\/28\/the-michael-process\/","title":{"rendered":"The “Michael Process”"},"content":{"rendered":"

Preface: The \u201cMichael Process\u201c is powerful, effective, and simple; it is an element of the DNA link to entrepreneurial success. If you\u2019re an entrepreneur today, you\u2019re advised to ponder strategically how your business adheres to the \u201cMichael Process.\u201d\u00a0<\/em><\/p>\n

The “Michael Process”<\/strong><\/p>\n

Credit: Donald J. Sauder, CPA, CVA<\/em><\/p>\n

Well said Michael. \u201cReal entrepreneurs have a passion for what they\u2019re doing, a problem to be solved, and a purpose that drives them forward\u201d<\/em> \u2013 quote from Michael Dell. Exuberant business successes can be simplified to adherence with the three step \u201cMichael Process.\u201d A) passion for a marketplace, B) a concisely defined problem(s) the marketplace needs (re)solved, and C) providing an effective solution to the marketplace problem(s) defined in step B.<\/p>\n

Your business purpose<\/em> must fit the third\u00a0step in the “Michael Process” to generate relevant and powerful business achievements, socially, and, or financially.<\/strong><\/p>\n

Entrepreneurial accomplishment in business is a derivative of effectively following either strategically or intuitively, the \u201cMichael Process.\u201d Your business purpose must fit the third step in this process to generate relevant and powerful business achievements, socially, financially, or both. That is your business purpose \u2013 provide an effective solution to a marketplace problem that you\u2019ve concisely defined, with a passion for the marketplace, i.e. customers or clients. Say:<\/p>\n

\u201cMore people fail through lack of purpose than lack of talent\u201d<\/em> — quote from Billy Sunday.<\/strong><\/p>\n

Let\u2019s consider for a moment, a recent business case study from gofundme.com, that demonstrates simply and effectively the \u201cMichael Process\u201d.<\/p>\n

Ever since she was a toddler, Mikayla Rydzeski dreamed of running her own lemonade stand. And last year, on the hottest day of summer, her dream finally came true. In just a few hours, she made over $1,000. But rather than keep the money for herself, she gave every single penny she earned to kids in her community who couldn\u2019t afford school supplies. This year, Mikayla is back at it\u2014and she\u2019s aiming even higher.<\/em><\/p>\n

\u00a0The day the lemonade stand was scheduled to take place ended up being the hottest day of the summer. But that didn\u2019t stop Mikayla. She mixed up batches of plain and strawberry lemonade, decorated her stand, and posted up by the street to wait for customers.<\/em><\/em><\/p>\n

In just five hours, Mikayla\u2019s lemonade stand raised over $1,000\u2014enough to provide 36 local kids with back-to-school supplies. She also became the youngest large donor in the nonprofit\u2019s history.<\/em><\/p>\n

\u201cI was so happy because people were giving over the amount they had to pay for, and not a single person asked for cash back,\u201d says Mikayla. \u201cIt was just the best thing in my life to help others. Once that happened, I knew I was going to get over my goal.\u201d<\/em><\/p>\n

\u00a0<\/em>This aspiring entrepreneur unknowingly scored very high on adherence to the three-step \u201cMichael Process\u201d.\u00a0<\/strong><\/p>\n

First, Mikayla had a real passion for the marketplace. For years, she dreamed of running her own lemonade stand, but just never got the chance. She also had a compatible passion for helping other people who didn\u2019t have as much stuff as everyone else.<\/p>\n

Secondly, Mikayla was serving a marketplace that had a real-world problem, of vital importance\u2013 they needed something to cool their tongue in the hot summer weather.<\/p>\n

Step three in the \u201cMichael Process\u201d, Mikayla had formulated a very effective solution \u2013 purchase from her business, some cooling and thirst quenching drink(s).<\/p>\n

This aspiring entrepreneur followed the three-step “Michael Process” with likely minimal business planning. Yet, importantly, you can see easily how the process was effectively applied intuitively, and you too can see the success it generated. Her customers patronized her business happily, and even paid above market rates for solving a simple problem. With net income of $200+ per hour on average, from a likely modest profit margin. This summer her goal is $7,000.<\/p>\n

The \u201cMichael Process\u201c is powerful, effective, and simple; it is an element\u00a0of the DNA link to entrepreneurial success. If you\u2019re an entrepreneur today, you\u2019re advised to ponder how your business adheres to the powerful, effective and simple \u201cMichael Process.\u201d <\/strong><\/p>\n

The \u201cMichael Process\u201c is strategically powerful, effective, and simple; it is an element of the DNA link to entrepreneurial success. If you\u2019re an entrepreneur today, you\u2019re advised to ponder how your business adheres to the \u201cMichael Process.\u201d If your entrepreneurial endeavors are like Mikayla\u2019s, and based upon the \u201cMichael Process\u201d either strategically or intuitively, your business is likely very successful too.<\/p>\n","protected":false},"excerpt":{"rendered":"

Preface: The \u201cMichael Process\u201c is powerful, effective, and simple; it is an element of the DNA link to entrepreneurial success. If you\u2019re an entrepreneur today, you\u2019re advised to ponder strategically how your business adheres to the \u201cMichael Process.\u201d\u00a0 The “Michael Process” Credit: Donald J. Sauder, CPA, CVA Well said Michael. \u201cReal entrepreneurs have a passion … Continue reading “The “Michael Process””<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/posts\/436"}],"collection":[{"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/comments?post=436"}],"version-history":[{"count":7,"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/posts\/436\/revisions"}],"predecessor-version":[{"id":450,"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/posts\/436\/revisions\/450"}],"wp:attachment":[{"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/media?parent=436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/categories?post=436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saudercpa.com\/blog\/wp-json\/wp\/v2\/tags?post=436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}