
Before starting up a new business, we need to make sure we can survive. Without thinking about where to get the next round of food and shelter, we can focus on what business we can build and how to build it.
A principle of sales is always to find out about the clients first. Otherwise, top sales could be struggled.
Before deciding which business we should dedicate into, understanding the market is essential. We have to know what the market needs and where the gap. It's even better if the industry has a good environment and supportive relationships among the suppliers - with the same goal of making the industry better- would like to share internal knowledge with new players. But at the same time, policy and certificates matter too, especially when (survival) time is limited.
To get the main idea, market research is needed for understanding the industry better. Some costs for professionals, including lawyer consultancy, are important too; especially if we don't know much about the business at the beginning, it helps us avoid too much investment before we find it doesn't work for us.
A team is also necessary even if we don't have money to pay them. Because we do need somebody who is enthusiastic and passionate to create the foundation together. Leadership could also be identified in some team-building events.
"If you're going to build a dream, be prepared for setbacks. It's how you recover that counts. So I'm going to keep pushing forward with my business."
Don't let a setback kill your confidence; you're gonna have them, no matter what. It's inevitable, so take it and learn from it, and these are the days that you fight. Because that's the only way you win.
Have a schedule and work for it. If you wanna sth done, give it to a busy person.
Think up big ideas, and have the team put it all together. To streamline the pitch, to laser-focus, cut out any information that's irrelevant, be clear with what you want, and stick to the essentials. Less is more.
The word No is only the start of a conversation. Fake it till you make it.
Find people smarter than yourself through public info and referrals of talents.
In business, you have to actively seek out opportunities to be successful. Set your own table; don't wait for the perfect opportunity to fall into your lap, because it never will.
Sometimes in business, you have to be able to lose a battle to win the war.
If things go wrong, don't go with them. The ability to remain cool under pressure separates the pros.
If you can't stand the heat, get out of the kitchen.
Combat is optional.
Endure more pain than anyone else. Push through the pain and tough times; ensure you don't quit.
Don't confuse effort with results.
People deserve a hand up, not handouts.
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