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Prioritize Profitability from Day One

Prioritize Profitability from Day One

Profit: The Lifeline of Business

You'd be wise to prioritize profitability above all else.

Remember, profit is the oxygen that keeps businesses alive. Instead of chasing investor funds or planning to sell before profits kick in, focus on creating a product that customers are willing to pay for.

Avoid the trap of selling users to advertisers; instead, sell a valuable product directly to your customers.

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2.17K reads

Cultivate Genuine Community Ties

Cultivate Genuine Community Ties

Community: The Heartbeat of Success

You'd benefit immensely by building on a foundation of community.

Instead of merely asking how you can assist, be observant and nurture genuine relationships.

Dedicate time to understand and earn trust.

Before crafting any product, ensure you've deeply understood the market's needs.

159

1.71K reads

Build Only What's Essential

Build Only What's Essential

Simplicity: The Essence of Creation

You'd achieve more by building less.

Focus on what's absolutely necessary, and consider automating or outsourcing the rest.

Strive for excellence in one thing rather than being average in many.

Collaborate with your customers, iterate solutions with them, and ensure it's something they'd pay for.

174

1.52K reads

Educate, Don't Just Convince

Educate, Don't Just Convince

Sales: A Journey of Discovery

You'd find more success by educating rather than convincing.

Treat sales as a two-way discovery process.

Engage with potential customers individually, understanding their needs while introducing them to your product. This approach is a long-term investment in relationships, not just a quick sale.

171

1.37K reads

Market Authentically, Be Yourself

Market Authentically, Be Yourself

Authenticity: Your Unique Selling Point

You'd resonate more by sharing your genuine journey, from challenges to victories.

Understand that people connect with real stories.

Instead of chasing headlines, focus on building genuine fans who, over time, become loyal customers.

161

1.29K reads

Grow Mindfully, Stay Grounded

Grow Mindfully, Stay Grounded

Mindful Growth: The Sustainable Path

You'd be happier and more successful by owning your business, not letting it own you.

Avoid debts and never compromise profitability for mere scale.

Remember, in the game of business, it's not about being the biggest but being the most sustainable.

168

1.22K reads

Craft a Business You're Proud Of

Craft a Business You're Proud Of

Craftsmanship: Building with Purpose

You'd thrive by surrounding yourself with like-minded individuals.

Challenge the status quo and build your company based on first principles.

Your unique approach might not appeal to everyone, but it will resonate deeply with a select few who share your values.

154

1.15K reads

Redefine Success on Your Terms

Redefine Success on Your Terms

Success: A Personal Definition

You'd find fulfillment by understanding that entrepreneurship isn't just about the company.

It's about improving the quality of life for many.

Define what "enough" means to you.

Success isn't a fixed target; it's what you make of it.

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1.23K reads

IDEAS CURATED BY

nary

“Existence precedes essence“

CURATOR'S NOTE

My new favorite book on building your venture

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