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Showing posts from July, 2022

You want to have massive sales, then solve a big problem

 Day 1 𝑾𝒉𝒂𝒕 π’‘π’“π’π’ƒπ’π’†π’Ž 𝒕𝒉𝒐𝒔𝒆 π’šπ’π’–π’“ π’ƒπ’–π’”π’Šπ’π’†π’”π’” 𝒔𝒐𝒍𝒗𝒆? Dear entrepreneur,  I have often emphasized this "𝑾𝒉𝒂𝒕 π’‘π’“π’π’ƒπ’π’†π’Ž 𝒕𝒉𝒐𝒔𝒆 π’šπ’π’–π’“ π’ƒπ’–π’”π’Šπ’π’†π’”π’” 𝒔𝒐𝒍𝒗𝒆?" You need to analyze the WHY  of your business. Nail down your why before you even start, that will be your business vision and mission. Your why will differentiate you from other competitors.   Being clear is an important element in building a brand. Your business must find a solution to a problem or solve a need. I  will come to you when you have a solution to my problem likewise customers. They would come to you when you hold the key to their door. Customers seek solutions, not a hypothesis. The solution your business gives will determine how and when customers will come to you. If you are yet to know the why of your business, the reason behind your establishment, I'm sorry to say this, your business might not go far because you are yet to know the system...

Business breakfast

 You either make money or make excuses. There is no in-between. To start a business is the simplest thing to do but to maintain a business is much more tedious and technical. That is why you see a business started then, within a short period it tumbles.   If 50 businesses are established in the same year, there is an average possibility that only 10 will be stable after 5-10 years. The good news about it is that there are lots of businesses you can start with zero capital but if you fail to understand the techniques of business, the business will liquidate. Starting a business is not a big issue but sustaining it. Ways you can sustain your business to avoid unnecessary spending 1. Separating your business account from your regular account. 2. Rank your need in order of relatives' important  3. Attend to your need, you might not be able to certify all your want 4. Never spend out of your capital. P:S; can your business still go on if you are not sick, not around, or n...