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5 Things i wish i knew before starting a business

5 Things to starting a business

5 Things to starting a business

There is 5 things to starting a business therefore, it’s important to research your industry, find competitors, understand risk and map out your finances before starting your business.

#1 DIGITAL PRESENCE AND ASSETS

As you build your online business, you will generate digital footprints and some will become digital assets. Secure digital assets because cyberattacks can occur at any size company.

#2 FOLLOW YOUR MARKETING PLAN

Observe the 80/20 rule; Focus your marketing efforts on the 20% of service/product that generate 80% of revenue.

#3 SIMPLIFY PROCESSES

Starting by documenting and creating processes will place you ahead of the competition. Processes help you scale quickly.

#4 BE CONSISTENT

Customers only care about the end result. So make sure you deliver quality, every time. With well defined processes, consistency will improve and help grow your business.

#5 RAISE PRICES TO KEEP UP WITH INFLATION

Raising prices will help refine the quality of your clientele. True fans will understand, with inflation, your products/services cost more. Others won’t even notice the price raise.

 

5 Things i wish i knew before starting a business

 

Finally…

WHAT DID YOU WISH YOU KNEW BEFORE STARTING A BUSYNESS

If value was found in this post or you think any of these business plan to change your life could use these tips, share, comment, like, repost and subscribe.

 

 

 

 

 

 

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