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.
Failure should not put you down. Successful inventors and businessmen have tried doing the same thing for years. Success does not always come with the first trial. It is those who persist and change their strategies several times that taste the final glory. You need to modify your ideas and find alternatives without giving up. This will help you find new solutions.
Prepare for shocks in the industry. Most people make entry into the market with big ideas and expectations. You hope to hit the market and make a fortune in a flash. However, this is not guaranteed. In fact, it does not happen in the envisioned way for most businesses. Adapt to the reality check and device a new path for you. If you cannot handle shocks, this is not your path.
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.
Make effort to be unique. Your goods and services should standout. Avoid imitations because they have slim margins and require a lot of resources to sustain. It is your unique way of solving the problems of your customers that will make your products more attractive.
Failure should not put you down. Successful inventors and businessmen have tried doing the same thing for years. Success does not always come with the first trial. It is those who persist and change their strategies several times that taste the final glory. You need to modify your ideas and find alternatives without giving up. This will help you find new solutions.
Prepare for shocks in the industry. Most people make entry into the market with big ideas and expectations. You hope to hit the market and make a fortune in a flash. However, this is not guaranteed. In fact, it does not happen in the envisioned way for most businesses. Adapt to the reality check and device a new path for you. If you cannot handle shocks, this is not your path.
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.
Make effort to be unique. Your goods and services should standout. Avoid imitations because they have slim margins and require a lot of resources to sustain. It is your unique way of solving the problems of your customers that will make your products more attractive.
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