Topic: Business Strategy in Entrepreneuring (Read 262 times)

A business strategy is certainly necessary. How can you develop without having a goal in front of you? These are all the most obvious things. Personally, I have my own online shop for sporting goods. It's exercise equipment and a lot of other things. I have tried many things to optimise my business and improve communication with customers. Personally, I realised that I could not do without an e-commerce platform. shopware ecommerce solution that every entrepreneur needs to adopt .  In my opinion, it is the best solution. I have more clients, and most importantly, I can constantly control all the little things in my business. If you are interested, read all the information you need here .

business strategy should never just be
A->D
poor-rich

nor should it be
A->B->C->D
poor-get money-getmore-rich


it should look like
A___           ___B            __C___          __D
     \\\_A.1_///    \\\_B.1_///    \\\_C.1_///    
       \\_A.2_//      \\_B.2_//       \\_C.2_//      
        \_A.3_/         \_B.3_/         \_C.3_/


a poor                       b get money                          c get more                           D rich
   -get a job                 -get promoted                       -promoted to top job
   -get a loan               -increase investment              -repay debts and still profit
   -start local business  -expand to regional business   -have global business
have more then 1 path per stage to get to the next stage. (dont put all eggs into one basket)

then from each sub-path. have more idea's to make each one work

..
its like geting a job
dont just send out 1 application and put all your hopes on that one job being your career and hoping for guaranteed promotions... as you may not even get an interview

send out 100 applications. tailor each application to the job specifics.

its like starting a business
dont just sell one product and put all your hopes on that one product being your lifetime thing hoping for guaranteed expansion... as you may not even sell that many

create lots of products. become a brand. do product testing to see if they are even things people want, be willing to change/tweak/redesign product to meet the needs/niche of peoples desires

readiness is what we must completely have because even how good our strategy is if we will not be ready to the upcoming situation specially issues? then we will fail.
best to have more options from Plan A to Plan D so at least if troubles comes at the first then you still have another 3 to continue.

In my opinion better to allow everything to happen according to will of our CREATOR, unless maybe HE is the ONE who plans/writes the timeline(or it's according to HIS will). Just keep yourself clean and prepare, and Ideas will come and be completed at the right time, especially when they are destined to come and be completed. But when you use timeline or things like that you could be forcing ideas into your head,  making mistakes, delaying completion dates or even rushing & completing with wrong/substandard solutions.
Always have pen and paper around you to write down ideas just incase they come whenever they are destined to come to you.

You need to ask always for ideas, and things to be done at the right time according to HIS purpose and they will come at the right time and be done at the right time. It's also very important to be pleasing to the CREATOR for HIM to communicate with you and move you to work when the time comes.

I agree.

Being an entrepreneur should always be aware of the risk and the possibilities of having hardship to thrive for the setup of his business and as well as the worst case scenario.

Having a weak heart and thinking, you're not yet prepare to establish one.

Another scam site? lol stop it 

Absolutely , Digital transformation is what we always need for this kind of world.

Being the first step of business strategy plan technology is constantly changing our lives. If you want to keep pace with the times you have to go ahead with the plan so the risk is less if you go ahead as planned you will either go ahead or become immobile so we constantly find new ways to work which can be improved products, improve our customer relationship and work more efficiently in the air and move forward according to the plan it helps to solve and improve the problem.

Having a strategy will help us to grow our business in the short or long term and we will know what will we do. Maybe some problem will appear in the middle, but if we have a strategy, we can know how to react and solve the problem. Arrangement of the strategy will also benefit you as you can achieve your goals one by one and you will see how better your business can grow.

Business will not only run short time so if there is one thing that we must consider pushing then that is how this with extend longevity and what is the Plan A to Plan D .

so whatever comes our way we are ready and we have another Bullet to shot.

Business strategy is not a one-size-fits-all process. It must be tailored to the specific operational requirements of each business. The market, the competition and a host of other factors determine the exact set of steps. Businesses today therefore need to tailor their strategy to suit their businesses.

An entrepreneur is a person who continues to think and work before his body stops working...

Don't try to be an entrepreneur if 1 failure has made you give up. success is only for those who don't give up easily with failure. keep your knowledge updated so that whatever business you run stays abreast of the changing times.

Invest on increasing the quality first then go for the mkdern day advertising and all, but everything is indeed to get successful and profitable business for that you need to start with a loss, that is the biggest strategy followed by every big companies.

Indeed, Business Strategy is something that you have to set up when you want to launch a new business.
The allocation of time when designing your strategy is of the same importance as all other decisions that you make. If you don't have a strategy (a long term one) you are prone to failure easily.

The more and more people fail but still got their self confidence then they'll be learning from those failures leading them to the path of success.

Everyone will have confidence as long as they are new to the business but onw who still being confident after so many failures will reach their goals.

Advertising is important for an entrepreneur to get demand for a product and the first thing they should concentrate on.

Business Strategy is one of the most critical components of any business. Any entrepreneur who is thinking constructively about their company will want to create a timeline. A timeline will help a business grow more fluidly and will start off on a better foundation. When it comes to creating a timeline, it is simply taking your objectives, giving them a budget, and range date for completion. It is my recommendation that you do not overextend yourself. Always make objective decisions based on the data that you have collected.

Once your timeline is created you will have a game plan of how you want to go about achieving your objectives. Having a game plan makes you more knowledgeable, and ultimately more confident. I believe that it is ultimately confidence that will drive one to achieve their dream. Every great person achieved many failures in their lifetimes. It is, however, those failures that made them achieve success.

Creating a timeline is what an entrepreneur or a service provider should do at the beginning. What are your thoughts about it?