How to get started in business by making do with what is there?
My blog
posts are inspired by my experiences with various start-ups and small
entrepreneurs. These guys share to me the problems they face and as one
passionate about entrepreneurship I in turn share my own solutions. The reason
why I then write about these interactions on Sunrise Talk is that I believe
somewhere someone has the same problems and may find the solutions given also
valuable.
Every week I do have exchanges with ambitious entrepreneurs and for the 1 to 5 July 2019 week the million dollar question has been “How do I get started in business by making do with what is there?”. Read through for the problems some start-ups are facing with regard to this question and for my own solutions. You are welcome to also share what you think in the comment section at the end.
Every week I do have exchanges with ambitious entrepreneurs and for the 1 to 5 July 2019 week the million dollar question has been “How do I get started in business by making do with what is there?”. Read through for the problems some start-ups are facing with regard to this question and for my own solutions. You are welcome to also share what you think in the comment section at the end.
Make your digital presence cover up for deficit in physical presence.
Due to high
rentals for offices or business space in the right locations many small businesses
struggle to set up a professional place of business to which they can proudly
direct customers.
“ Also try the
idea of virtual offices.”
One of the
solutions I have written about in as far as this problem is concerned is
virtual offices and co-working spaces. These facilities are premises where
small players share not only physical space but other critical aspects of
modern business like the internet especially in Zimbabwe where bandwidth cost
is too high.
“Be
conspicuous on Twitter, Facebook and LinkedIn”
In addition
to the above this past week another new solution I shared is that though your
physical presence maybe not that good make sure you are not found wanting in
the digital space because its cheap there. But above all having a professional
and very conspicuous presences on major platforms like Twitter, Facebook and
LinkedIn makes leads originating from these channels approach you from a
position of respect once they physically meet you because the first cut is the
deepest.
Learn to cross sell different but relevant products to the same customer.
Difficult
economic conditions obviously have a direct effect on sales because disposable
incomes become one thing that fail to easily come by. However, a business
person’s sales skill can enable him or her to pull through the rough patches.
One such skill is called cross selling.
“Leveraging
on trust already existing in current customers is a great strategy.”
Its easier
to sell to an existing customer a new but related product because of the trust
that is already there. This kind of selling is that which is called cross
selling. So you can creatively introduce new products from time to time and
your existing customers can become a core upon which sales from elsewhere can
be built.
started in business by making do with what is there?” in my
interactions with entrepreneurs. What’s your take?
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