Timeless Entrepreneurial Tips From Adam Kidan
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Transcript of Timeless Entrepreneurial Tips From Adam Kidan
![Page 1: Timeless Entrepreneurial Tips From Adam Kidan](https://reader035.fdocuments.in/reader035/viewer/2022062820/589a3a401a28ab8c588b50e9/html5/thumbnails/1.jpg)
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Study your competition• Entrepreneurs need to understand their
competitors and what they’re offering!• This helps you better market your own
product and take advantage of your competition’s weakness
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Always conserve cash
• Always maintain a conservative approach with your cash !
• This helps you deal with any potential rough patch
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Don’t start out big• Don’t start out by
expanding into huge markets
• Niche marketing is a great way to make your business stand out!
• Once you’ve mastered a niche, you can expand outwards
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Stay up to date
• If you rest on your laurels, then you risk becoming irrelevant!
• Understand and utilize emerging products or trends to make sure you stay on top
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Respond to change
• Change is inevitable in business!
• Entrepreneurs need to accept change and adapt business operations accordingly!
• Not adapting means loss in customers and profits
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Listen to your customers• Entrepreneurs can only
evolve their business when they’re listening to their customers !
• Listen and be ready to adapt to see if you’re missing out on an opportunity