Yeah! Nobody should begrudge you that as a founder. What you want for your business is the best. You want your brand to be a household name and for that, you are willing and ready to give in all. You deem everything should work tick tock to attain the status of perfectionism. But wait a minute. Is that really right?
For anybody who is about to dabble in working from home especially when it’s freelancing, there is always a sense of euphoria about it. When you think about how you will have all the opportunity you probably assumed you have been missing to work at a full blast, bringing your entire creativity and ingenuity to play, and becoming the rave of the moment, you’ll believe that for once you’ve got it all wrapped up.
Nothing can be more heartwarming for an entrepreneur or a business owner than to be assured that the products being churned out from the mills are virtually already sold and nothing can as well be more alluring to a consumer than to have more, for less. This beautiful scenario is what the subscription-based business model proffers.
The overriding aim of setting up your business is to make the brand a household name. To be able to hold your own in the ever increasingly competitive global market, your game plan should and must be centered on a win-win situation. Right from the planning stages to the time your product finally hits the market, all your actions must be primed for a “killer” ROI.
The lifeline of any business is leveraging on its competitive advantage and as the year 2017 is gradually winding up, expectedly, some businesses would have taken stock, while others will be gearing towards it. The essence is to do a comprehensive assessment of how resources revolving around human, financial, and all other logistics necessary for running a profitable and seamless business were properly or underutilized. At the end of the stocktaking, you will undoubtedly strategize or re-strategize depending on which one is applicable to your line of business, focusing all the while on your ROI. You must have gone through the analytics from the auditors and if you are one for drinking the Kool-Aid which should be expected since you must have put your best brains in that sector, you will also be effectively closing the loop. Whatever shortcomings you may discover should be regarded as water under the bridge since you can’t go back. You will rather be leveraging on that to enhance a smooth sailing and a secured competitive advantage for 2018. To make 2018 a robust year for your business, you must start very early to unpack your secret sauce which bothers on the following two amazing…