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10 Lessons from how to Grow Your Small Business book by Donald Millar โ: 1. Clear Vision and Strategy : Define goals, know your market, and plan for success. 2. Overcome Weaknesses : Fix unclear roles, lack of focus, offer confusion, selling aversion, and poor cash management. 3. Build a Strong Team : Hire right, assign roles, and foster a positive environment. 4. Marketing and Branding : Create a brand story, know your audience, and use effective marketing. 5. Customer Experience : Provide excellent service, meet needs, and build loyalty. 6. Systems and Processes : Streamline operations, automate tasks, and ensure scalability. 7. Learn and Adapt : Stay curious, get feedback, and embrace new ideas. 8. Manage Finances : Focus on budgeting, cash flow, and financial planning. 9.Growth Mindset : Embrace challenges, learn from failures, and see setbacks as growth opportunities. 10. Action and Persistence: Follow a 6-step plan for timely actions and growth.
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Starting a new business? Here are key tips: 1. Research your market thoroughly ๐ 2. Develop a solid business plan ๐ 3. Build a strong online presence ๐ 4. Network with industry professionals ๐ค 5. Focus on customer satisfaction ๐ผ 6. Stay
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Signs of Fundamentally Strong Business :- 1) Brand Credibility 2) Financial Stability 3) High Performance Team 4) Future Plan 5) Demand For Product 6) Economic MOAT 7) Dispute Management 8) Innovation 9) Increasing Sales Year on Year 10) Increasing
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โ Must for Business Students ๐ฅ10 Most Important metrics that are asked by investors. 1. Revenue Growth Rate 2. Monthly Recurring Revenue (MRR) 3. Burn Rate 4. Cash Runway 5. Gross Margin 6. Customer Acquisition Cost (CAC) 7. Customer Lifetime Val
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