If you are involved in a startup, you must know how to sell.
And if you are in position of power in a start up project you must create an atmosphere where you have NO support staff. Every one needs to be contributing to the bottom lines some how, tangibly. This has been one of our biggest success reasons at B4U Dubai.
If you want to know what is one shortcut or secret recipe to get client’s attention. Well, sales is done when you know the consumers interacting with the client’s product.
Make sure you know the customer’s customers before you open your mouth in front of him. I know its hard but anything worth having comes at a cost – the cost here is the intensive research which you will do before meeting with client.
When your pitch is about consumers interacting with your clients products, you can sit back and relax the magic to happen in front of you.
I have seen it happening so many times…
I love sales 🙂
Why 9 out of 10 new businesses fail?
Despite Investors consistently pouring investments in Startups , unfortunately there is no reputed Business Training for Investors, founders and employees, teaching hard realities about what getting involved with new businesses is all about.
Investing monies and running businesses are different skills all together.
An investor cannot assume that because he has the monies, he can have better understanding of business and vice-versa.
As per Forbes and Statista, 9 out of 10 businesses fail.
This is because a start-up needs a special mindset and attitude.
Startups are more about resourcefulness than resources.
Its more about that attitude of working till the job gets done not till the clock ticks 5.
- Baby Boomers:
- Generation X:
- Millennials or Gen Y: B
- Gen Salaried Entrepreneurs???
With influx of funds and everybody trying to raise monies, are we going to witness a generation of ” Salaried Entrepreneurs”?
Making money is an art, and if the trend of consistently pouring in investor’s money in businesses and making losses is not stopped, I wonder where this will take us.
Are we looking at an era where there will be no self-made entrepreneurs?
Are we entering into an era where entrepreneurship will also become a paid job?
In my view, scrutiny should be increased on funding as already the investor’s money is termed and treated as “Free Money”. A good start would be if Entrepreneurs are not able to recover the projected monies in timelines, it should be treated as loan with prevailing interest rates.
Making money in business is a skill which does not always require money, first.