Ronnee Strickland Shares 5 Business Tips for New Entrepreneurs

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RONNEE STRICKLAND
SHARES 5 BUSINESS TIPS FOR NEW ENTREPRENEURS
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About

• Ronnee Strickland
• Ronnee Strickland is a self-made businesswoman
  who has successfully run her own business,
  employing up to 17 employees during her many
  years serving the legal community. She has also
  managed to devote 1000s of hours of community
  service for those less fortunate. Her
  educational background is in law and sciences.

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1.CHOOSE THE RIGHT NICHE
To be profitable in business, create a value
proposition that customers are likely to buy. If
your niche is too broad, you might struggle to
know the right target audience. If it is too
specific, you end up with a narrow set of
audiences. Your niche must be large enough that
you can be profitable selling your products and
services.
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2.SOLVE A BURNING PROBLEM
Each business starts by identifying a pain point
and providing the solution to solve the pain
point. By knowing what problem youre solving,
you can use that in your marketing communication
to help people understand how it helps them
best.
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3.BE FRUGAL
Be conscious that youre a start-up. Resist the
temptation to splurge on an expensive office,
equipment and over-the-top marketing. Your
companys subsistence depends on how you manage
your cash flow effectively. Have a plan to meet
the short-term and long-term requirements of
the company.
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4.BUILD A
RELIABLE TEAM
It is the team that contributes to the success
of a company. It is vital to have a core team
that resonates with your value system and fits
the culture. Secondly, though it can be hard to
let go, learning how to delegate tasks is
essential. Finally, dont expect people to be as
skilled or efficient as you are. .
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5.BUILD A NETWORK
Building a network is essential to the success
of your business. Networking events provide
business owners not only a room full of
potential clients but also potential
collaborators. Every time you meet a new
business owner, think it is an opportunity to
refine your elevator pitch or sales pitch.
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THANKS
FOR WATCHING