Looking to start your first business?
These 7 Lessons Will Save You Years of Failure & 1000s of Dollars:
These 7 Lessons Will Save You Years of Failure & 1000s of Dollars:
1. Resell To People You Already Sold To
This is the easiest money you can make.
It's much easier to sell to an existing customer than to someone new.
This is the easiest money you can make.
It's much easier to sell to an existing customer than to someone new.
2. Do Not Compete On Price
NEVER be the cheapest.
Competing on price is the road to failure.
If people choose you just because your price is low, your brand has no strength.
Branding, quality, and reputation are your advantages, not price.
Word spreads fast...
NEVER be the cheapest.
Competing on price is the road to failure.
If people choose you just because your price is low, your brand has no strength.
Branding, quality, and reputation are your advantages, not price.
Word spreads fast...
3. Speed Is Vital
When your customer purchases a service, they expect it to be fulfilled yesterday...
The times of waiting weeks for something are over.
Deliver quickly and you will win customers from slow competitors.
When your customer purchases a service, they expect it to be fulfilled yesterday...
The times of waiting weeks for something are over.
Deliver quickly and you will win customers from slow competitors.
4. A Business = Money In
A business is not a logo or a website.
A business is money that's coming into your bank account.
Just because you set up a free Wix website and got business cards does NOT mean you have a business...
Get that first dollar.
A business is not a logo or a website.
A business is money that's coming into your bank account.
Just because you set up a free Wix website and got business cards does NOT mean you have a business...
Get that first dollar.
5. Don't Invest a Ton of Money Upfront
This varies depending on the business model.
Most of the time you don't need to spend much to start making money.
Don't throw your life savings into an idea.
Test to see if it works first....
This varies depending on the business model.
Most of the time you don't need to spend much to start making money.
Don't throw your life savings into an idea.
Test to see if it works first....
6. Staff
Any staff you hire has to either:
• Make you money
• Save you time
Sales staff have to bring you money...
Admin staff should save you time...
Don't expect to have these people in the beginning...
(You can outsource most of your admin staff)
Any staff you hire has to either:
• Make you money
• Save you time
Sales staff have to bring you money...
Admin staff should save you time...
Don't expect to have these people in the beginning...
(You can outsource most of your admin staff)
7. Shut Up & Listen
Keep your ego in check and listen to what others ahead of you have to say.
Most people are happy to help, but they want to see real effort on your part.
Anyone who's making money likely knows something you don't....
Keep your ego in check and listen to what others ahead of you have to say.
Most people are happy to help, but they want to see real effort on your part.
Anyone who's making money likely knows something you don't....
Want more content on business, life, and SMBs?
Follow me
@Gundwolf
And retweet the 1st tweet to help your fellow man get ahead.
Follow me
@Gundwolf
And retweet the 1st tweet to help your fellow man get ahead.
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