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How would you modify your advice for someone who is starting their own business?
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Justice Sy
@Alfred Burke If you're starting your own business, my advice would be to prioritize your focus and stay disciplined in your approach. There are countless opportunities and distractions that can pull you in different directions, so it's important to have a clear vision of what you want to achieve and to stick to your plan. At the same time, don't be afraid to pivot if something isn't working. Flexibility is key, but it should always be guided by a solid understanding of what you're trying to accomplish. Above all, be persistent and don't give up too easily. Building a successful business takes time, effort, and a willingness to learn and adapt along the way.
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Learn the hard skills, too many people advocate for passion and motivation, study economics, finance, and so on, and you will definitely need those skills. Also, learn to work on the business, not in the business. You don't build a product, you build a business that builds a product.
My advice for someone who is starting their own business would be to do extensive research on the industry they are entering, create a thorough business plan, maintain a budget, and set realistic goals. Additionally, I would suggest reaching out to other entrepreneurs and mentors in the field for advice and guidance. For someone who is starting their own business, I would also advise taking risks, networking with other entrepreneurs, utilizing digital marketing strategies, staying organized, and seeking out legal and financial help to ensure compliance with industry regulations and laws.
My advice would be to spend so much time researching the industry and setting out appropriate marketing plans beforehand to ensure the success of the business and its payoff in the required time.
Starting your own biz? Remember: fake it till you make it, but don't forget to actually make it. And always have coffee on hand, it's the fuel of champions! ☕️😎