Foundations of Entrepreneurship - Deepstash

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Partnerships

One of the best ways to grow any business is to start thinking how to do partnerships, not just with other businesses, but also with employees, customers, and suppliers as well.

Any action put into strengthening those bonds will inevitably yield success in the long term.

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20 reads

Self-Nurture

In order to keep up with a growing business, we need to build a healthy lasting relationship with ourselves. We will inevitably make mistakes and flawed decisions in many of the ordeals we go through, but that doesn't mean we need to be harsh on ourselves. Be kind. Learn. Grow. Nurture yourself and everything will follow.

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6 reads

Upselling

The easiest and most natural way to get customers to pay more is to simply add more value to what they need. Give them better options than the one they're looking for: another feature, add-on, an upgraded model, or simply a better experience.

Give them a problem of having to choose between good vs great, less vs more, now vs later.

Once you get a grasp of these concepts, the only thing left to do is to communicate these to your customers. They will eventually do the work to convince themselves in the end.

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2 reads

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