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Writer's pictureSimrat Gauri

Business Strategy and Execution - Advice - Part 9

    



  ●  Embracing Opportunities and Overcoming Fear

      ●  Early Testing and Financial Prudence in Startups

      ●  Utilising Online Resources for Business Guidance

      ●  Calculated Risk Taking in Business

      ●  Revenue Focus and Team Building in Business

      ●  Vision and Supportive Feedback in Entrepreneurship

      ●  Data Driven Decision Making in Business

      ●  Mission Driven Entrepreneurship

      ●  Niche Identification and Asset Management


Embracing Opportunities and Overcoming Fear

I am writing a book about it - SAY YES AND FIGURE IT OUT LATER. If we waited until we were ready we'd never do anything. Trust what you are drawn to. Follow your joy. Learn to trust your instincts and most importantly, don't let your fear of the unknown guide your decision making. Just because it's new and uncomfortable doesn't mean you shouldn't take a leap of faith.

Shannon Fitzgerald, Founder, The Hooligans Agency

 

Early Testing and Financial Prudence in Startups

Get your product out there and get real user feedback on it as fast as you can. Come up with ways to test it, does that not include that many lines of code. We used Whats App for early concept validation, and low code tools that allowed us to get new functionality in place in a couple of hours.   And don’t raise capital too soon. Bootstrap as long as you can!

Sofia Brandt, Founder, Birds Relations

 

Utilising Online Resources for Business Guidance

Google it and ask ChatGPT

Katia Cerwin, Founder, Programa Valentina

 

Calculated Risk-Taking in Business

Taking calculated risk with some back up plan is the key

 

Revenue Focus and Team Building in Business

Focus on your revenue and building the right team. When your company is generating the revenue it needs to be able to put into marketing and advertising, you will be able to put that back into your team. Even if you’re just starting out, you get hyper-focused on building your pipeline.   The saying "If your business isn't growing, it's dying" highlights the importance of adaptation and growth. Successful business owners are attuned to market trends, customer preferences, and technological advancements. They continuously seek opportunities to innovate and evolve their offerings to stay relevant and competitive. This might involve diversifying product lines, expanding into new markets, or incorporating feedback to improve existing products or services.

Danielle Sabrina, Founder, Society22 PR

 

Vision and Supportive Feedback in Entrepreneurship

Believe first and foremost in your vision, what God placed in your heart to do and constantly seek advice/support/feedback from others who can sharpen your thinking, refine your vision and encourage you. Iron sharpens iron!

Erika L Binger, Founder, V3 Sports

 

Data-Driven Decision Making in Business

Get started and collect data, and use that data to formulate a plan (assumptions are never as good as real data)

Sarah Neill ,Founder, Mys Tyler

 

Mission-Driven Entrepreneurship

I would tell young women who want to be entrepreneurs to believe in their mission to make the world a better place and never stop fighting for that mission. Find people who believe in it too and empower them as they work alongside you in your mission. You got this!

Dr. Kara Hartl Johnson, Founder, Troy Medical

 

Niche Identification and Asset Management

Identify your niche, remain asset light, and believe in your dreams

Nandini Roy Choudhuri, Founder, Aspen Salon and Spa

 

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