The 4 rules that give you the edge
SEE ALSO :How to be a happy millionaireBack to the competition debate. Let me give you an example on the systems that run my ‘economy’. If we are selling the same product then it is important to know the prices and the market equilibrium. By the time I am putting out my product and services to the world, I can answer any question and be able to convert the non-buying clients. Study market patterns, the prices, the source and the consumer. Research will help you create new purchasing trails and traits. 3. Never quit I have talked about this before and why it is important not to give up. Mostly we want results real quick and what that means is that if you fail, then your energy goes below the curve and you close shop. I have been in similar situations and almost everyone convinced me to close the business. It broke my heart.
SEE ALSO :Hustling not newThat’s what happens to you the visionary, your energy reduces and with time this kills the business. One of the most difficult choices you will ever make is becoming an entrepreneur. I was warned when I started, but luckily by then I had ‘created luck’; I had strategically placed my business and my service was top. Get online and research on the 10 most successful entrepreneurs. Check how many times they have failed. It might take long but the moment you get your business booming then the joy is sweeter. 4. Build a committed team It’s amazing when you come up with an idea, but do you know what beats individual execution? A team. Back to that famous saying, “team work makes the dream work”. I am a witness and beneficiary of this path.
SEE ALSO :From a maid to car wash bossThe problem comes when you don’t have a productive team. The recruit is really important; you might have a great vision and plan but if the team that is meant to execute it is not willing to then that eventually translates to failure. My mentor told me I should take my time while assembling a team. One great lesson is that I should make sure that all the team members are driven, passionate about what they do. I have fallen victim of building a premature team just because I was racing against time. In my business adventures I have learnt a lot, but most important that if you don’t have the right mindset then the business will struggle. Let’s build enterprises and change the business playing field, let’s disrupt. The writer is an award-winning artiste and entrepreneur.
We are undertaking a survey to help us improve our content for you. This will only take 1 minute of your time, please give us your feedback by clicking HERE. All responses will be confidential.