Categories
Entrepreneurship

Zero to $100K – How to start a business FAST [Video]

Growing and scaling a business might seem daunting, but with this simple set of steps, you can progress from zero to 100k in revenue.Free live workshop – https://bit.ly/0-100k-caosDaniel Priestley outlines the 4 essential steps using the acronym CAOS: 1. Concept2. Audience3. Offer4. SalesLet’s explore these in more detail.Concept is your starting block. It’s what your business stands for. To form a strong concept, consider three elements: your passion, a problem you can solve, and something people will pay for. These should intersect perfectly like a Venn diagram, balancing what excites you, what’s needed, and what’s profitable. Aim for a middle ground without leaning too heavily on one aspect.Moving on to Audience, you need to attract attention and maintain interest. Audiences are of two kinds: dormant and active. Dormant audiences aren’t looking for your services yet, while active ones are already searching. The trick is to engage the dormant group, the larger pool, by providing content that sparks a ‘lightbulb moment’. This could be through insightful articles, checklists, or criteria that turn their passive interest into an active one.Once you’ve identified your audience, the next step is to build it. This involves encouraging them to join a community, like a WhatsApp or Facebook group, or attend events. This ‘audience building’ signifies their interest in your business.Next up, Offer. Instead of creating an offer based solely on your skills, turn it around. Ask your audience detailed questions about their needs and preferences through surveys. This will help you tailor an offer that’s irresistible because it’s exactly what they’re seeking, not just what you can provide.Finally, we tackle Sales. Surprisingly overlooked in formal education, the art of sales is crucial. Every sale is about helping customers move from an unsatisfactory reality to a desired one, smoothly overcoming obstacles. For a sale to happen, you must communicate how your offer provides a straightforward journey to their ideal scenario.Sales hinge on three pillars: logic, emotion, and urgency. Logic addresses the practical benefits, emotion connects with the customer on a personal level, and urgency emphasizes the importance of acting now rather than later. Mastery in sales demands proficiency in all three areas.In essence, with these four elements—Concept, Audience, Offer, Sales—you can achieve your first significant earnings, paving the way to further growth.If you’re eager to learn more, register for the upcoming workshop here… https://bit.ly/0-100k-caosStart driving your business forward with confidence and ask questions live.

Categories
Entrepreneurship

How to build a business/startup through lean methodology|Lean startup|Mindset [Video]

Many people think that startup is all about great idea, a idea that can give them overnight success. But they fail to realize that we are not living in a static environment but dynamic environment. In this dynamic environment, there is a lot of uncertainty. Many people who follow traditional management system waste their time in planning, market research, power point presentation and once it done, they take assumption based decision. They measure their success based on vanity metrics. According to author Eric ries , startup is an human institution that build product or services under a condition of extreme uncertainty. The most important question a Entrepreneur musk ask to himself is not about “Can we build this product or not?” but “should we build this product or not?” Startup is all about learning fast as much as you can as compare to your competitor and outnumber them as fast as you can. How can you achieve this?The answer is Lean methodology. In Lean startup, when you have idea for a startup, then on the basis of that idea you build a MVP( Minimum viable product). A minimum viable product is a kind of product which you build at minimum price and you add only few key features in MVP which you think is the most attractive feature. After this, your job is to sell it to your early adopters and collect feedback from them. On the basis of feedback of your first early customers, you decide to pivot or persevere. Persevere means if your first early customers give you positive feedback then you go with your idea or progress with your idea, your product and strategy. And if your customers give you negative feedback then you pivot means you modify your idea, your product according to customer needs and desire. This process will remain continue until or unless your customer is ready to pay for your product or services as soon as possible.