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Business Tips for Entrepreneurs

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@draysax
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If you are an entrepreneur and you are just starting out, whether you've honed your craft/idea/model or you're just beginning, there are so many things to learn, but the journey to business success and financial freedom always revolve around some basics concepts.

Here are few important concepts I have learned from listening to BIG entrepreneurs who started small, about finance and marketing:

  1. Building a big ever steady flow of passive income is one of the greatest singular most important thing you need to build as regards making money.

  2. Inject stories and sell your products to appeal to the emotions of your customers. Facts tell, Stories sell.

  3. When dealing with value and premium, create an extra super expensive premium option to afford you the ease of selling your current expensive option. However, do not make options too many.

  4. Think big. Don't let the deception of passion or what you love make you settle for less. Think in investment and mega business- these 2 breed passive income rather than settle for self-employment and paid work.

  5. Avoid flaunting your strengths. Let people know what you can do and the kind of person you could be, but don't flaunt about yourself when you're only still growing.

  6. Cashflow must always be there! Always! Build as many channels of income as you can. Your income CAN'T be income to just survive! Erase that possibility from your options of possibilities!

  7. The most successful people don't know everything. They simply know what they know and what they don't know. Then they leverage on those who know what they don't know.

These are a few points out of many and one is bound to learn a lot more as you continue 'on the job' and learn.

Culled from My Blog: Business Nuggets for Entrepreneurs