It is the responsibility of every #Entrepreneur to add value to his customer.
3 “C” which are essential for any business to offer its clients
3. Consumer/ Customer Experiences
Best to achieve all, but min 2 are must to be successful. 👍
#Entrepreneurship not only about building great business(es), but also about building a great team. 4 characteristics needed in people.
1. Smart,not academically but otherwise
2. Hard Working
3. High Integrity
ability 2get knocked down but passion to get up again
We need money to start the business. But trust, we don't need money to start the business. We need to have "RISK" taking capabilities, a 'GOOD' business idea & excellent EXECUTION skills. More than every thing, a PASSION to die for your dream.
#Entrepreneurship is no more an exclusive domain,It is open to one & all. An entrepreneur’s job is not merely2 think for himself but 2 solve problems of the world.If U R genuinely solving a problem, U would definitely find a customer"Who would be WILLING to pay you"...TRY NOW
There is no better time than TODAY,either you pursue your DREAMS or leave it. There would never be any better time for #Entrepreneurship. One hidden Gem "Your title makes you a manager,Your People Makes you a Leader".So understand the value of PEOPLE,crux of your business 🙏
For an entrepreneur, accounting & finance are critical tools:
1. To make predictions about the future;
2. To help to attract customers & deliver goods/services at more efficient scale;
3. To measure & reassess progress, for rewards & encourage profitable behaviours
#Entrepreneurship is quite lonely journey. Better to have a founding team,it is 1st step to sell your idea to your team & convince them to your vision. Most of the VC funding happens for the team,but solo entrepreneurs also get funded though the chances are less. Go for team.
#Entrepreneurship is tough,tough & off course tough. But your attitude is tougher than that. If you have decided to give your best to your vision,surely, you will see the ray of light after the darkness. Want to quit! But postpone your decision by 1more day.
The CAC & LTV “Rule”
CAC must be less than LTV.
(CAC=Cost of Acquiring a Customer
LTV=Lifetime Value of a Customer)
For capital efficient business,one must recover the cost of acquiring customers within 12 months. “Recover CAC in less than 12 months.”
"Success is a lousy teacher. Failure teaches you more." Be ready to learn more from failures than the success stories.
There cld be many reasons to start your own business. You may like to become your own boss, to create wealth, 2 innovate & help others. Find that ONE reason, & embark on the unknown journey. If reasoning is strong,You will find many on the way to guide U.👍
Someone who jumps off a cliff and builds a plane on the way down.
Thinking, planning, executing and finally safe landing.
“The speed is everything”
An ability to plan,execute faster than competitors fuels growth & accelerate d business processes.
Time is essence,most perishable resource,lost with every blink of eye.
Arise, awake & stop not till the goal is reached. SPEED