Discover the five non-negotiable elements your business needs to hit R1M per month. I break down exactly what successful businesses require - from product uniqueness to financial management - based on my experience working with 500+ businesses. Learn why most businesses struggle with mediocre products, poor margins, and ineffective distribution, and how to avoid these common pitfalls.🤔 Who Am I?I'm the founder of V8 Capital (Est. 2023), a private investment arm that invests in and grows small to medium-sized businesses with a portfolio of brands that are collectively doing R250M+ per annum. I'm also the founder of South Africa's Top 1% digital marketing agency, V8 Media that has done over a billion rand in sales for direct-to-consumer brands. On this channel I share everything I've learnt in the last decade around how to build better businesses. Channel has weekly video uploads, make sure your notifications are turned on!⏱ Timestamps:0:00 - Introduction & What Your Business Needs to Succeed0:43 - The Importance of Ticking All Five Boxes1:24 - Element #1: Unique Product/Service3:01 - How Unique Products Lower Customer Acquisition Costs5:40 - Being the Only One vs. Being the Best8:07 - Element #2: Healthy Profit Margins10:31 - Why 50%+ Gross Profit Is Essential13:28 - Exceptions to the Margin Rule14:42 - Element #3: Strategic Distribution16:34 - Online Platform Comparisons18:20 - The Hidden Costs of Online Distribution20:11 - Element #4: Effective Performance Marketing22:46 - Element #5: Financial Management24:22 - Managing Growth Expenses & Staff26:43 - Recommended Financial Resource💡 Key Concepts Explained:The difference between markup and gross profit marginWhy unique selling points directly impact acquisition costsHow to choose the right distribution channel for your businessThe true costs of online business (Shopify, payment gateways, shipping)Why financial management is the most overlooked success factor🔎 Hashtags:#BusinessGrowth #BusinessStrategy #MillionRandBusiness #ProfitMargins #DigitalMarketing #EcommerceSuccess #FinancialManagement #ProductStrategy #OnlineDistribution #ScalingBusiness🔎 Related Searches:how to achieve R1M monthly revenue, business scaling strategy, product uniqueness importance, healthy business profit margins, ecommerce distribution strategy, customer acquisition cost reduction, financial management for business growth, shopify vs woocommerce comparison, bootstrapping a successful business, performance marketing strategy