Business men and women have a lot to share with budding entrepreneurs. Since they cannot reach all of them through seminars and workshops, they use resilience in business interview podcast. These CEOs and executives share incredible insights that will change the lives of many potential entrepreneurs and corporate titans. Here are some of the lessons shared.
Keep trying until what you desire is achieved. No one guarantees quick success to any entrepreneur. The successful businesses were not even started in their current form. They came up as ideas targeting other aspects of life. However, the ideas failed, causing their inventors to change. Developers who changed survived. Those who gave up are left to hold onto unrealistic dreams.
Prepare for the shocks that come with businesses. This is a normal occurrence if you want to succeed as an entrepreneur. The market is never as smooth as you thought. People fail to take your product as well as you desired. This results in slow growth and reduced revenues. In some cases, you might not even make profit. Learn to handle the shocks and have resources in place to absorb the shocks. There will be low seasons for your business. Prepare to survive these seasons by planning your finances well.
Have the right people by your side. The journey of entrepreneurship is challenging. It leads you to paths that you have never walked before. This is why you need someone to hold your hand. A mentor and a tormentor are recommended. The mentor shows you the way while the tormentor prods you to keep moving. The right partners will offer positive feedback when you bounce your ideas. They also should have no hidden interests in your area of operation to avoid betrayal and loss of ideas.
Polish your product in order to win the hearts of your clients. People will always buy a good product regardless of its price. It is the attractiveness of the services you offer that will determine your position in the market. Even after winning clients, you must constantly polish the products to make them more attractive.
Keep up with trends in the market by changing your products. The market is always dynamic, shaped by innovation and ideas borrowed from other areas. People will want to be treated different. They also want a product that is packaged in a more convenient as well as attractive manner. They are also looking for innovative methods of making payments. Unless you can keep up with these trends, your brand will face sure extinction. Customers will associate your brand with the improvements you make.
Expect competition as soon as you hit the market. You should therefore turn inwards and begin to compete as well. No one will give you breathing space. It is up to you to fight for your place in the industry. Always be ahead of your competition. Be innovative, engage your clients, get their feedback and solve issues arising out of the goods or services you offer. This will make you a more competitive option.
Unique products conquer markets with ease. There are numerous imitations around the world. These imitations face huge competition and have very thin margins. Once you are unique, people gravitate towards you and will always turn to your products. This guarantees sustained improvements.
Keep trying until what you desire is achieved. No one guarantees quick success to any entrepreneur. The successful businesses were not even started in their current form. They came up as ideas targeting other aspects of life. However, the ideas failed, causing their inventors to change. Developers who changed survived. Those who gave up are left to hold onto unrealistic dreams.
Prepare for the shocks that come with businesses. This is a normal occurrence if you want to succeed as an entrepreneur. The market is never as smooth as you thought. People fail to take your product as well as you desired. This results in slow growth and reduced revenues. In some cases, you might not even make profit. Learn to handle the shocks and have resources in place to absorb the shocks. There will be low seasons for your business. Prepare to survive these seasons by planning your finances well.
Have the right people by your side. The journey of entrepreneurship is challenging. It leads you to paths that you have never walked before. This is why you need someone to hold your hand. A mentor and a tormentor are recommended. The mentor shows you the way while the tormentor prods you to keep moving. The right partners will offer positive feedback when you bounce your ideas. They also should have no hidden interests in your area of operation to avoid betrayal and loss of ideas.
Polish your product in order to win the hearts of your clients. People will always buy a good product regardless of its price. It is the attractiveness of the services you offer that will determine your position in the market. Even after winning clients, you must constantly polish the products to make them more attractive.
Keep up with trends in the market by changing your products. The market is always dynamic, shaped by innovation and ideas borrowed from other areas. People will want to be treated different. They also want a product that is packaged in a more convenient as well as attractive manner. They are also looking for innovative methods of making payments. Unless you can keep up with these trends, your brand will face sure extinction. Customers will associate your brand with the improvements you make.
Expect competition as soon as you hit the market. You should therefore turn inwards and begin to compete as well. No one will give you breathing space. It is up to you to fight for your place in the industry. Always be ahead of your competition. Be innovative, engage your clients, get their feedback and solve issues arising out of the goods or services you offer. This will make you a more competitive option.
Unique products conquer markets with ease. There are numerous imitations around the world. These imitations face huge competition and have very thin margins. Once you are unique, people gravitate towards you and will always turn to your products. This guarantees sustained improvements.
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