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vishakha Jangir
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Set2Score • 11h
𝗦𝗼𝗺𝗲 𝘁𝗵𝘂𝗺𝗯𝘀 𝗿𝘂𝗹𝗲 𝗼𝗳 𝗲𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿𝘀𝗵𝗶𝗽 !! 𝗦𝘁𝗮𝗴𝗲 𝟭: Basics — Foundation Building - Understand the Problem: Every business starts by solving a real problem. Example: Uber solved the hassle of finding cabs. - Validate Your Idea Early: Talk to 10–20 real people. Will they pay for your idea? Example: Dropbox made a demo video before building their product. - Build a Minimum Viable Product (MVP): Start with the smallest, functional version of your idea. Example: Airbnb founders first rented out their own apartment to test the idea. 𝗦𝘁𝗮𝗴𝗲 𝟮: Intermediate — Survive and Grow - Prioritize Cash Flow Over Profits: Cash in hand today > Promise of profits tomorrow. Example: Amazon ran on tight margins but kept cash flow strong. - Master Sales and Storytelling: If you can’t sell, you can’t grow. Example: Steve Jobs' presentations sold dreams, not just devices. - Focus on Customer Feedback, Not Opinions: What customers do is more important than what they say. Example: Instagram started as a check-in app called "Burbn" — pivoted after user feedback. - Build a Core Team Carefully: First 5 hires decide your culture and future. Example: Early Facebook engineers shaped the DNA of the platform. 𝗦𝘁𝗮𝗴𝗲 𝟯: Advanced — Scale and Lead - Create Repeatable Systems: Success = processes you can run again and again. Example: McDonald's scaled with standardized operations, not better burgers. - Delegate Ruthlessly: If you’re doing everything, you’re the bottleneck. Example: Elon Musk doesn’t build every Tesla himself — he builds the teams. - Leverage Brand and Trust: At scale, people buy you before your product. Example: People trust Apple's brand even before new launches. - Manage Risks Strategically: Smart entrepreneurs take calculated risks, not blind leaps. Example: Netflix shifted from DVD rentals to streaming before the market crashed. "Entrepreneurship isn’t about having fewer problems; it’s about choosing which problems you want to solve." Follow vishakha Jangir for more such business insights.
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