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Mentoring Mastermind Game Show 2022 Flashcards | StudBud
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Mentoring Mastermind Game Show 2022
Mentoring Mastermind Game Show 2022
32 terms
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StudBud Administration
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40 plays
Year end review of all Masterminds held in 2022
Flashcards
32 cards
F
Practice quiz
P
Host live
L
Questions
32
Answers
1
How can you determine what you are actually using your time on?
Complete a 2 week Time Audit
Determine what is both Urgent and Important
Use the Time Audit Tool
All of the Above
2
When you use "Targeted Prospecting" as a sales strategy, you are targeting existing people in your database ?
False
True
3
What zone should we all aspire to work in?
Zone of Danger
Zone of Comfort
Zone of Profit
Zone of Genius
4
What can you use to demonstrate authority?
Logos of Associations
All of these
Written Proof
Awards
5
What formula will achieve the greatest impact on your use of time?
Procrastinate, Automate, Delegate- PAD
Compare, Automate and Delete - CAD
Rotate, Automate, and Deviate- RAD
Delete, Automate, Delegate- DAD
6
What is the number 1 element that must be in place before you scale?
WIPAA
Consistent Profitability
Standard Operating Procedures
Dodge Ram
7
Name an item that you need on the cover page of your Brochure?
Hero Shot
Your company Logo
Niche Statement
Any of these
8
What is the Golden Rule even when you desperately need new work fast -
Never start a job on a Monday
Never make a loss on a job
Never start a job without a deposit
Never work for a rate per square foot/meter
9
What do you
not
want your Sales process to rely on?
One Niche
One Avatar
One Person
One product
10
Never make your application process ..........?
Written
Verbal
Simple
Complicated
11
What do we call the safe and secure growth pattern of a professional building business ?
Hockey Stick
Straight line
S Curve
Parabolic curve
12
You should review your Strategic Plan ..........,?
Every 7 days
Every 30 days
Every 90 days
Every 365 days
13
Fixed expenses / gross margin % = Break Even point?
True
False
14
What is the very first step in the APB Recruitment Process?
Clarify Job Description
Clarify Salary Package
Clarify KPIs
Clarify Hiring Objectives
15
What is the purpose of explaining your process?
I have done this many times, so follow my process
I know what I am doing, just close your eyes and follow me
I have the solution to your problem
I am confident about understanding your needs.
16
An Exit Strategy is the same as an Exit Plan.
True
False
17
A great recruitment system is all about having ..........?
Enough time
High standards
Good candidates
A clear process
18
Google Ads are the same as Pay Per Click
True
False
19
What are the two secret ingredients to making selling easier?
Design and Build
Scarcity & Urgency
Concepts and Prelims
Fears and Consequences
20
What is the best type of Google Ad to start with?
Search
YouTube
TikTok
Display
21
What single tactic is the easiest to implement to start controlling your calendar?
Create a "Stop Doing" List
Buy a Diary
Time Blocking
Know your Rate Per Hour
22
What concept can you apply to launch your website quickly?
MVP (Maximum Visible Photos)
MVP (Maximum Viable Procrastination)
MVP (Most Vicious Poodle)
MVP (Minimum Viable Product)
23
The Exit Strategy should be agreed upon by the founder of the business..........?
before the founder turns 50
before the first Contract is signed
before the first dollar of their investment goes into the company.
before the first Team Member is hired.
24
When you are doing Strategic planning, start with the next 90 day period
False
True
25
The best kind of Marketing for a Professional Building Company is Outbound Marketing.
True
False
26
Time is your most precious commodity
True
False
27
When setting up your Marketing system, which of these actions is important?
All of the above
Connect your landing page to a CRM system
Set up conversion tracking for lead magnets
Have your CRM system follow up new inquiries immediately
28
What is the term we use to describe a collection of very valuable information?
Flux Magnet
Lead Magnet
Babe Magnet
Electro Magnet
29
An Opt-in Page is a component of your Lead Magnet funnel?
False
True
30
"Lag indicators" in a Strategic Plan include?
Working capital
Net Profit
Gross Profit
Revenue,
31
Primarily, what kind of tool is your Construction Slot Planner & Revenue Forecaster ?
A marketing tool?
A financial tool?
A strategic tool
A planning tool
32
What is the best type of audience to build on Google Ads?
Google Search Term Audience
Tik Tok Audience
Website Visitor’s Audience
CRM / Customer Match Audience
