The business has a cut-throat competition. You have to simultaneously work on different skills to survive in the market. Why ‘Mercury’ car failed in the market and the sales declined, though it was an affordable car? It was a popular brand once, but the drawbacks were its aging and narrow demographics.
People are ready to spend extra bucks on the best product rather than going for a cheap product. Except for the pricing, the business leader has to take into account many factors.
Every business struggles to provide a unique design but fails to know the flaws and disadvantages. Is your innovation flawless? Many businesses launch the product without the trial run. Eventually, they have bad customer reviews.
As a leader, you have to save the business from negative reviews. You have to develop strategies to find the defect in the product and have to, no if and but, get the modification done.
Talking about Creative mind-set, a person from whom inspiration can be taken is Cameron Chell CEO of Draganfly Inc. Cameron Chell Currencyworks chairman and co-founder has been in the technology, energy, and finance industries for over 25 years now overseeing and leading many successful businesses throughout all because he has a strategic vision and a similar approach to things.
Do not let failures take you emotionally over. Running a successful business takes years of smart work, dedication, and passion. It is not done fortnight. Think about how you can motivate the buyers and employees if you are not motivated.
Your frustrations leave a negative impression on people creating the image that the business will not survive. Eventually, it leads to an attrition rate and low sales.
Passion and Persistence:
Your passion speaks a lot. How determined are you to achieve the goal? Are people following you? Are people ready to buy your product or not? A real passion is finding alternatives to accomplish the task. Many entrepreneurs give-up, and as a result, they are unable to survive, which results in shutting down the business.
Along with passion, you need to have a high level of patience. Sometimes, you will not get the desired result even after putting in a lot of effort. Mind it; this is a part of the business. You do not have to lose hope.
Ready to plan the day!
Many entrepreneurs make the mistake of not planning the schedule and working on a random basis. This leads to a messed up situation, and the business is unable to deliver the result on time.
You have the project in hand; the foremost step is to start it by planning.
You are an entrepreneur; you should always keep your head up and deal with people with attitude. Disastrous thinking! You have to socialize. It is the best way to publicize your product and attract a potential buyer.
Also, you have to attend various workshops and seminars to build your reputation and make a vast network. This approach is helpful in the long run.