1⃣ Supply first, demand second
🟠 Unfortunately, so many businesses invest in the
supply of their goods before they build demand.
Demand comes and should come first. Supply comes
second.
Please don’t live by “build it, and they will come.
🟠 Unfortunately, so many businesses invest in the
supply of their goods before they build demand.
Demand comes and should come first. Supply comes
second.
Please don’t live by “build it, and they will come.
2⃣ Proven concept made better
Who said you have to be unique from the inception of your business. Find the gaps in existing things and make them better because if you’re feeling frustrated about something not being quite how you’d like it, you can guarantee that others are too.
Who said you have to be unique from the inception of your business. Find the gaps in existing things and make them better because if you’re feeling frustrated about something not being quite how you’d like it, you can guarantee that others are too.
3⃣ Pareto Principle
🟠 Find which of your products, services and your time
is delivering you the greatest ROI, and eliminate the
unnecessary, because it's unnecessary.
🟠 Find which of your products, services and your time
is delivering you the greatest ROI, and eliminate the
unnecessary, because it's unnecessary.
4⃣ Demographic
🟠 If you’re attracting the wrong demographic, it could
be your marketing, but it could also be the way at
which you operate, you could be on the wrong social media platform, or you could be hiring the wrong sales person who only gels with a certain demographic.
🟠 If you’re attracting the wrong demographic, it could
be your marketing, but it could also be the way at
which you operate, you could be on the wrong social media platform, or you could be hiring the wrong sales person who only gels with a certain demographic.
5⃣ Branding
🟠 Having a core branding icon, one small identification
of a brand speaks more than a thousand words, once
you create an identity to match it.
🟠 Having a core branding icon, one small identification
of a brand speaks more than a thousand words, once
you create an identity to match it.
6⃣ Vision
🟠 It's an integral part of business, but it’s not
something that needs to be 100% clearly defined from
day 0. An idea and direction of the vision at the core is
important, but the clarity of the vision comes from
execution.
🟠 It's an integral part of business, but it’s not
something that needs to be 100% clearly defined from
day 0. An idea and direction of the vision at the core is
important, but the clarity of the vision comes from
execution.
7⃣ The right fit
🟠 In your business, think about your target market
demographic, but also keep a keen eye on your
company culture and other stakeholders in your
business that would impact the vision, quality assurance
and output of your business.
🟠 In your business, think about your target market
demographic, but also keep a keen eye on your
company culture and other stakeholders in your
business that would impact the vision, quality assurance
and output of your business.
8⃣ Break even point
🟠 Some businesses turning over millions of dollars in revenue, but also turning over millions in expenses. Understand your incomings, outgoings and build your salary into your expenses, otherwise you’ll wake up in your accountants' office with zero coinage.
🟠 Some businesses turning over millions of dollars in revenue, but also turning over millions in expenses. Understand your incomings, outgoings and build your salary into your expenses, otherwise you’ll wake up in your accountants' office with zero coinage.
9⃣ Expense reduction
🟠 In your business, there could be ways to innovate to
reduce expenses and grow profits. It could be products,
suppliers, elimination, addition, staff.
🟠 In your business, there could be ways to innovate to
reduce expenses and grow profits. It could be products,
suppliers, elimination, addition, staff.
🔟 Fortune favours the bold
🟠 Courage and fast decisions are what allow people
unprecedented success. Live by the motto of fail fast
and learn fast.
🟠 Courage and fast decisions are what allow people
unprecedented success. Live by the motto of fail fast
and learn fast.
💯 You can't improve if you don't know what you're
doing wrong.
🟠 • Make time for stillness
🟠 • Master over your mind
🟠 • Practice decision-making skills
✅ Work on your mental models. Practice critical
thinking
🔹 Get your copy Here:👇
gumroad.com
doing wrong.
🟠 • Make time for stillness
🟠 • Master over your mind
🟠 • Practice decision-making skills
✅ Work on your mental models. Practice critical
thinking
🔹 Get your copy Here:👇
gumroad.com
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