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Entrepreneurship
Funded
3w
83
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Strategies You Must Follow for Growing Your Business
- Growing a business isn’t just about working harder—it’s about working smarter.
- Understanding your market through market research is important to gather insights about customer needs, behaviors, and trends.
- A solid business plan outlining your goals, strategies, and steps for achieving them is essential for the business’s growth.
- Building a strong brand identity and effective online presence is essential for the growth of the business in the current digital age.
- A scalable sales strategy allows you to grow your revenue without overwhelming your resources.
- Customer satisfaction should be at the heart of your growth strategy.
- The team is one of the most valuable assets. Investing in employee development will create a positive work environment leading to improved productivity.
- Regularly monitor key financial metrics such as cash flow, profitability, and expenses to keep a close eye on the financial health of the business.
- Collaborating with other businesses can accelerate your growth and help reduce costs and increase efficiency.
- Staying adaptable and innovative and embracing innovation will help your business stay competitive.
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Medium
3w
240
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Why Do We Spend So Much Time Asking Customers What They Want When They Rarely Know?
- Customers often don’t know what they want until they see it, but many companies -and even investors - spend an extraordinary amount of time and money asking them,
- Misplaced focus is nothing new and history is full of examples where customer feedback would have led companies astray.
- Early-stage investing follows a similar trend and it’s doubtful that a company like Google would get funded in today’s venture capital climate.
- Venture capitalists love asking founders, “What problem are you solving?” but that often limits the scope of thinking to marginal innovation.
- All of this begs the question of whether a company that truly changes the world could come from the 90% of investment that goes into marginal innovation.
- Incremental improvements are important, but transformative innovation is where real disruption happens.
- The challenge for investors, marketers, and entrepreneurs isn’t just to answer the right questions - it’s to dare to ask the questions no one else has seen yet.
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Leadgrowdevelop
3w
345
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Effective Collaboration Is Essential For Your Marketing Plans
- Effective collaboration is essential for large-scale marketing plans, especially when multiple teams and external agencies are involved.
- Setting clear goals with measurable benchmarks is crucial to align efforts and track progress.
- Working with the right team, both internal and external, is important for effective collaboration.
- Maintaining consistency through a brand bible and utilizing a consolidated tech stack can enhance collaboration and ensure brand identity.
- Regular communication, both scheduled and ongoing, is key to keeping everyone informed and working efficiently toward shared objectives.
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Leadgrowdevelop
3w
223
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Choosing the Right Expert Construction Services: What You Need to Know
- Defining home renovation or construction project scope is the first step toward success.
- Check if the contractor holds a valid license to operate in your area and has insurance policy.
- Read what past clients have said about the construction services you’re considering.
- Be clear about the tasks the contractor is responsible for and what’s expected from both parties.
- Having a vision for a construction project is not just about finding someone who can do the job.
- The best contractors will take the time to understand your needs and answer any questions you have.
- Look for detailed reviews that explain the experience and don’t just give a star rating.
- Make sure you’re hiring a service that specialises in the exact work you require.
- Go for a construction service that feels comfortable to work with.
- Have a well-drafted contract in protecting both you and the contractor.
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Leadgrowdevelop
3w
389
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The Benefits of Investing in Custom Promotional Products for Your Business
- Custom promotional products offer a unique and lasting way to connect with your audience creating a memorable brand experience.
- Gifting custom promotional products one way to engage with customers on a personal level, strengthen relationship, and build loyalty.
- Custom promotional products offer a cost-effective marketing strategy with broad outreach, low cost per impression, and long-term influence.
- Such products naturally expand your brand's reach while fitting seamlessly into marketing campaigns, and boost brand recognition.
- High-quality, well-designed promotional products can help your business stand out in a competitive market.
- Giving away branded product at events, trade shows, or with purchases can accelerate loyalty.
- People tend to appreciate freebies, and gifting something useful or thoughtful can strengthen a personal connection with your brand.
- Custom promotional products can offer versatility across marketing campaigns, and align with business values for a competitive differentiation.
- Such promotional products have staying power and individuals who receive the product become brand ambassadors spreading the word.
- Brand recognition is the ultimate goal of any business, and promotional products can make it happen by consistently using business's logo and branding.
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The Total Entrepreneurs
3w
8
Why Entrepreneurs Prefer Sole Proprietorship To Other Business Structures
- Sole proprietorship companies are managed and controlled by one individual with complete control over all aspects of the business, appealing to entrepreneurs who want to operate their business without the influence of partners or shareholders.
- Sole proprietorships are easy to form, have simplified taxation procedures and lower operational costs, making it an affordable option for entrepreneurs who are able to deal with the unlimited liability and minimal access to capital.
- Entrepreneurs are able to pivot and alter their business model in accordance with their requirements without requiring approval, and are subject to fewer regulatory requirements.
- Sole proprietors pay only personal taxes on business earnings, making them eligible to deduct a number of business expenses and avoid corporate taxes completely.
- In partnerships, partners share ownership which reduces the control and profits, while corporations have more complex registration procedures and constant compliance, making the process less appealing to small-scale companies.
- Steps to establish a sole proprietorship company include registering the company name, obtaining necessary permits or licenses and opening a business bank account.
- Sole proprietorship is a choice of business structure that is contingent on the goals of the business and your financial needs and risk tolerance.
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Young Upstarts
3w
87
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Your Biz Needs To Adapt to Flexible Work Arrangements — Here’s Why
- Flexible work arrangements offer significant benefits to small businesses including a boost in retention, innovation, and bottom-line growth.
- Employees who have flexible working arrangements feel more trusted and valued, which in turn, increases their motivation and commitment.
- Small businesses can reduce costs by retaining their top-performing employees through offering flexible work arrangements.
- Hiring offshore talent can be a strategic win for small businesses, allowing for a workforce extension without the overhead costs of traditional hiring.
- Remote and hybrid teams with diverse perspectives, cultures, and ways of thinking drive innovation and creative solutions.
- Traditional office structures hinder productivity and are becoming a relic of the past.
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Medium
3w
223
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Real Talk with Olivia Griffian
- Olivia provided feedback to entrepreneurs on their pitches during a Real Talk session.
- Top six tips for improving pitches and captivating investors were shared:
- 1. Differentiate clearly by showcasing what makes the company unique.
- 2. Make it easy for investors to say yes by presenting clear business models and go-to-market strategies.
- 3. Focus on energy and passion to stand out and convey authenticity.
- 4. Highlight traction, revenue models, and scalability.
- 5. Leverage partnerships and connections for a broader support system.
- 6. Tell a compelling story that connects personal experience to the venture.
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Medium
3w
13
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Where You Spend Matters: Rejecting Racism, Discrimination in Business
- For the Tigrayan community, where they spend their money matters due to the genocidal war on Tigray.
- Giving money to businesses that support harmful agendas fuels the system of oppression.
- Supporting Tigrayan-owned businesses empowers the community and creates opportunities.
- By supporting businesses from within their own community, they can fight against systemic racism and help build generational wealth.
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Medium
3w
363
LipaEarn is your gateway to online earning.
- LipaEarn offers multiple ways to earn money online
- Options include creating articles, watching TikTok and YouTube videos, playing games, and inviting friends
- Users can also receive welcome and top winners bonuses
- LipaEarn is launching on Saturday 2nd November @2pm
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The Total Entrepreneurs
3w
166
Understanding Business Analysis: A Guide to Improving Organizations
- Business analysis is the process of examining the operations, goals, and structure of a business in order to identify problems and opportunities for improvement.
- A business analyst is tasked with finding ways to improve the operations of a business to save money while increasing revenue.
- Analysts must be able to solve complex problems, communicate clearly, analyze data, understand businesses and have creative and analytical thinking.
- The goal of a business analysis is to help the company become more efficient, grow its customer base and create more revenue streams.
- Business analysts may use tools such as Microsoft Excel, project management software, visualization tools, process modeling software, and collaboration tools to help them in their work.
- The process involves identifying the problem, gathering information, analyzing the information, brainstorming solutions, presenting the solution, implementing the solution, and evaluating the results.
- Challenges faced by business analysts include resistance to change, complex problems, limited resources, conflicting priorities, keeping up with technology and measuring success.
- As companies continue to face new challenges and opportunities, the role of business analysis will become increasingly important.
- The future of business analysis will see more focus on data analytics, increased use of artificial intelligence, agile methods, remote work, and sustainability.
- Business analysis is a challenging and rewarding career for those who are passionate about solving problems and helping organizations improve.
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Medium
3w
30
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Your Company May Need Venture Services.
- Venture capitalists can help companies grow with more than just money, they provide resources on how to build and grow companies within and outside of the venture capital pathway.
- Expanding resources beyond the most successful companies to those who would benefit most, is an untapped opportunity that VCs can offer.
- Consulting, networking, educational events, and community resources are just a few ways VCs can provide valuable insights and connections.
- VC is financially driven, but a diverse experience is needed to drive a holistic approach for investing time and money for the success of the solution and the benefit to investors and stakeholders.
- By leveraging alternative growth strategies and tapping into the expertise of venture capitalists for guidance rather than funding, businesses can maintain control and foster sustainable growth.
- Building relationships with VCs can provide businesses with a fresh perspective, identify pitfalls, uncover new opportunities and industry trends, and keep them relevant.
- VCs provide consulting engagements, access to extensive networks, educational events, and community resources beyond just financing.
- Connecting with other founders in communities established by VCs can accelerate learning from shared experiences for growth in both business and personal health and well-being.
- VCs are looking to uplift and grow companies that will benefit the most stakeholders and their communities.
- LOUD Capital is an example of a VC firm that can offer expertise to businesses looking to grow and achieve ambitious goals.
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Entrepreneurshiplife
3w
113
Image Credit: Entrepreneurshiplife
Questions to Ask When Choosing Between Secured and Unsecured Business Financing
- Secured and unsecured financing are two broad categories of financing options available for businesses.
- Secured financing requires assets as collateral, whereas unsecured financing does not.
- Startups or smaller companies may opt for unsecured financing as they may not have assets to offer as collateral.
- Secured financing could work well if you have significant assets and strong cash flows.
- Secured loans may take longer to process as the collateral requirement makes the process complex.
- Unsecured financing is faster as it only evaluates the applicant’s financials and credit scores.
- Secured financing offers lower interest rates and smaller monthly payments and is beneficial for growth-focused businesses.
- Unsecured financing comes with higher interest rates and is beneficial for organizations with stronger cash flows.
- Secured financing can work for longer-term needs whereas unsecured financing tends to suit shorter-term goals.
- Secured financing emphasizes credit scores less since the collateral requirements protect against potential downside.
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Entrepreneurshiplife
3w
254
Scaling Your Startup with User-Generated Content
- User-generated content (UGC) has become a valuable tool for digital marketing.
- UGC significantly influences consumer behavior and purchasing decisions.
- Startups can leverage UGC to create brand awareness, collect feedback, advertise promotions, and launch new products.
- Social media platforms like TikTok, Instagram, Facebook, and LinkedIn provide opportunities for UGC campaigns.
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Entrepreneurshiplife
3w
284
Image Credit: Entrepreneurshiplife
The role of backlinks in enhancing Your website’s on-line Presence
- Backlinks can help enhance your website's search engine rankings, increase your domain authority, attract targeted traffic, and build brand visibility and credibility.
- Search engines see backlinks as endorsements of your content, so more quality backlinks from authoritative sources can help your website rank higher in search results.
- Backlinks also increase your domain authority, which predicts how well a website will rank on search engines, and boosts your visibility.
- Backlinks can bring targeted traffic to your site, as they come from sources interested in what you offer. This leads to better engagement and conversion rates as they are coming from sources they trust.
- Backlinks play a key role in building brand visibility and credibility, creating a sense of agreement and reliability with potential customers.
- Backlinks provide long-term SEO benefits, unlike short-term marketing campaigns. They stay active as long as the linking sites do, contributing to a consistent stream of traffic and improving your ranking over time.
- By amplifying your content's visibility, backlinks from credible sources increase the chance of additional backlinks from other websites, making your brand more visible and competitive in your industry.
- Leveraging backlinks is essential to stay competitive and stand out from other businesses in your industry.
- Overall, backlinks are a powerful tool in enhancing your website's online presence, helping you achieve sustainable growth and maintain a strong digital presence over time.
- Investing in a comprehensive backlink strategy can strengthen your website's foundation and set you up for long-term success in online marketing.
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