I guess the question is why not. Most large company’s start backwards, they know their customers, know what they want, tested the message and basically done ther best to remove risk. If you’ve done the same, congratulations you’ve started backwards if not then it is time
ATTENTION: Entrepreneurs, Business Owners, & All Those Who Want To Be!
Attend A Never to be Repeated FREE Teleseminar TONIGHT September 15, 2009 at 8 PM Eastern Time With”From Scratch” Business Building Expert
Dwight Miller
Discover the Never Before Revealed Secrets of Launching Your Own Predictable, Profitable Business Overnight and Reduce or Remove Risk
My client called yesterday complaining that business was bad and that if it doesn’t pickup soon he will have to get a job. In this video, I explain why his business is failing and how he can fix it.
ATTENTION: Entrepreneurs, Business Owners, & All Those Who Want To Be!
Attend A Never to be Repeated FREE Teleseminar September 15, 2009 at 8 PM Eastern Time With”From Scratch” Business Building Expert
Dwight Miller
Discover the Never Before Revealed Secrets of Launching Your Own Predictable, Profitable Business Overnight and Reduce or Remove Risk
What would you do if you owned a coffee shop and Starbucks moved down the street. How do You survive? How do you keep customers. In this video, I talk about the importance of creating a USP and how to survive if the (proverbial) Starbucks moves next door.
ATTENTION: Entrepreneurs, Business Owners, & All Those Who Want To Be!
Attend A Never to be Repeated FREE Teleseminar September 15, 2009 at 8 PM Eastern Time With”From Scratch” Business Building Expert
Dwight Miller
Discover the Never Before Revealed Secrets of Launching Your Own Predictable, Profitable Business Overnight and Reduce or Remove Risk
If you read the statistics about small businesses you discover that based on SBA data 505 of all small business fail in 5 years. 50%. The question is why do they fail and HOW can I keep my business from facing the same fate.
Well, one of the reasons business’s fail is because the owner didn’t bother to learn anything about their customers. They didn’t bother to discover what the customer wanted, they assumed that the customer wanted what they want. They didn’t discover what message compells customers to buy, they don’t really know how much to charge, they charge what everyone else in that business charges. (Don’t believe me, why do realtors all charge the same commission?
Bottomline, many business’s fail because the owner did not thourghly research the market, the messge, the pricing and much more. Well in today’s world there is no excuse for that. Using the Start Your Business Backwards strategies and tactics, you can reduce or remove the business startup risk and keep your business from being one of the 505 that fail.
Last week, I posted a video that talked about finding the business in your business and today I wanted to give a perfect example of finding the business in your business.
Last weekend a friend of mine wanted to give her son a “life memory” for her son’s 13th birthday and her son is a budding pianist so the idea was to give him a recording session at a recording studio with some of his friends.
Discover how the record studio owner may lose $52k if he doesn’t atch this Drive By University Video.
This is another tip from my speech at the Wilmington Investors Network, last Wednesday once again thanks to Lou Anzalone & Jim Davies for inviting me. In this tip I talk about finding the business in your business. Now the important thing to remember is you have to have your business doing ok now but this is a growth strategy. Every business has a business that can be created in it, doesn’t matter what type. If you own a store selling baby clothes, you can add furniture (if your smart you will JV with a baby furniture store). Every business has a listed of customers that trust it and those customers can be leveraged. So here is my tip 3 Find the business in your business
I recently spoke to a group of real estate investors and business owners in WIlmington, DE. The group is a mastermind group called Wilmington Investors Network, headed by Lou Anzalone and Jim Davies.
Lou and Jim asked me to come and talk about how to survive and thrive in a recession and I gave 9 TIps for Surviving and Thriving in a Recession. My business partner and friend Victor Milbourne taped the entire speech. The entire speech is to long to post in one video, so we’ve cut it into pieces and will post them periodically. The important thing to remember is that you can survive and thrive in this recession by being clear about your goals and this 1st video is about goals and clarity. In a recession ceing clear having clarity alwasy trumps or beats persuasion. So enjoy this video, tip 1 entitles Clarity Trumps Persuasion
Today more than ever people like you are thinking about starting a business. Record layoffs, have forced very talented people to lose their only source of incomeand in many ways the loss of a job leaves them emotionally devastated. If you’ve been laid off all of the sudden not only have you lost your income but if you’ve worked for a number of years in your profession you may have lost your self worth. You may have taken the layoff personally.
Well if that is the case, remember a few things. You have skills, talents, interests and hobbies that may be easily converted into a business that can either tide you over until you find a new job or perhaps prevent you from ever having to find another job.
So,the question is how to you leverage your talents, skills and interests and create a business that can bring in some money and more importantly how do you minimize the startup risk. How do you know your business idea will work, resonate in the market and find customers that are willing to PAY for your new business. The answer is to Start a Business Backwards, with the end (of the startup in mind), the end being customers that are paying for your service. or products. Thats what starting backwards means. It means you find your market and customers first and (in some cases) get them to pay before you launch.
Next post. How to Start a Business Backwards
Dedicated to your success
Dwight
In the next couple of weeks, I will be talking about starting backwards, how to find customers, how to test to success and more. Register for this very limited FREE seminar today Start A Business Backwards
