12/01/2022
Happy New year everyone !!! ππΎ
Today, I've decided to highlight some common mistakes by Entrepreneurs & how you can overcome them in the market place.
β’ MANAGING EXPECTATIONS
A skyscraper was once a blue print & a plan on a piece of paper.
A forest was once a seed, or seeds.
A giant was once a baby being nursed at his/her mother's bossom.
Whatever you want to build or create would take some time. Embrace growth and enjoy the journey. You can have accelerated growth but grow you must.
Don't take on projects or tasks or clients you should be handling in your 5th year on the first month. You probably might not make it to the fifth month.
β’ OVER-TINKERING
After you have done your research, canvassed the markets & carefully developed a winning strategy born out of a deeper understanding of your potential customers & the problem you intend to solve; there's only one thing left for you to do - persevere !
β’OVER-SPLINTERING
Successful brands that have transcended over 50 years & still forging on have doggedly designed their businesses around a few core competencies.
They simply understood what they could be the best at & delivered on it with tenacity & absolute focus.
It doesn't make logical sense for you to be in the oil & gas sector & then also produce foods; or be in the food industry & then somehow appear to distribute electronics too.
No matter what "umbrella" you choose to tag all your businesses, you only end up confusing your clients & worse off splintering your focus & dwindling your resources.
β’ BRAND COMMUNICATION & SOCIAL MEDIA PRESENTATION.
We've all heard the saying, "the internet is unforgiving".
For heaven sake, unless you're a stand-up comedian, your business is not a comic relief to entertain your contacts.
Leave the "memes" out of your brand communication.
Live knowing you're always selling yourself & your brand whether you intend to or not.
Every article, post, photo, video is being scrutinized & judged by everyone who views them.
Some scary ****.
Welcome to the digital age !
β’ NO SET STANDARDS.
It's one of the greatest honours of mankind to solve the problems of others either by creating a product or providing a service.
The hard truth is, people perceive & pay exactly what's being conveyed by you; no more, no less.
In the world of entrepreneurship & in life, your mouth is your driver.
Speak highly of yourself & what you do until you start believing exactly what you say & then some.
Set high standards for yourself first & keep raising the bar, your clients & potential customers would sense it & do likewise.
β’ MANAGING (SQUANDERING) YOUR HUMAN CAPITAL.
There's a reason humans were created in the image of God.
Humans only, have the capacity to co-create, design & redesign just like God.
I've always emphasized that "Dissent is not Disloyalty".
If you're unwilling to take feedbacks from humans, constructive or otherwise ..perhaps, you're in the wrong line of work.
Not every contact on your list is open to the services you render or the products you create.
Not every contact is meant to be pitched to or bombarded continuously with your ads. *Why on earth you should even consider doing that.... that's a story for another day !**
Some contacts carry an influence to do one thing for you that'll change your business forever, be wise enough to know when to use that card !
Don't, please for the love of God, don't squander all your human capital making your contacts do homework by reposting your endless ineffective broadcasts & fliers !!!
Do have a productive week ! β