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Author: by.idun.sophia
EP177 Know your target market
Understanding your target market is a foundational step in building a successful business. Your target market is the specific group of people most likely to buy your product or service. Knowing who they are helps you tailor your marketing, messaging, pricing, and product development to meet their needs effectively. 1. Define Your Product or Service… Read more
EP176 Chasing too many opportunities at once
Many small business owners struggle with chasing too many opportunities at once, fearing they’ll miss out on a game-changing deal or idea. However, spreading yourself too thin often leads to burnout, lack of focus, and underwhelming results. To build a sustainable and successful business, you need to strategically filter and prioritize opportunities. The Psychology Behind… Read more
EP175 Creating measurable goals
Setting measurable goals is crucial for business growth. Without them, you won’t know if you’re progressing or falling behind. Measurable goals provide clarity, motivation, and accountability, ensuring that your efforts lead to tangible results. Why Measurable Goals Matter Steps to Create Measurable Goals 1. Use the SMART Framework A well-defined goal should be: 📌 Example:… Read more
EP174 How to Develop a Clear Business Vision
For new and small business owners, developing a clear business vision is like setting the GPS for your journey. Without it, you risk drifting, losing motivation, or making decisions that pull you in too many directions. A vision provides clarity, focus, and long-term purpose. What is a Business Vision? Your business vision is a clear,… Read more
EP173 Addressing customer complaints effectively
Handling customer complaints well is a vital part of running a successful business. Complaints, when managed effectively, are not just problems to solve—they are opportunities to build trust, improve your services, and deepen customer loyalty. On the other hand, ignored or poorly handled complaints can damage your brand reputation and drive customers away. Listen Without… Read more
EP172 Getting access to industry insights or data
For small business owners and entrepreneurs, access to accurate industry insights and data is a game-changer. These insights help you make better decisions, spot trends early, and compete with larger players. However, finding relevant, reliable, and affordable data can be challenging—especially when resources are limited. Fortunately, there are several practical and cost-effective ways to gather… Read more
EP171 Navigating supply chain challenges
Supply chain challenges can disrupt even the most well-run small businesses. From delayed shipments and rising transportation costs to raw material shortages and global instability, navigating supply chain issues has become a critical part of business strategy. For entrepreneurs and small business owners, these disruptions can be especially harmful due to tighter margins and less… Read more