Building a Better World Adam Shaul's Journey in Sustainable Design

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Adam Shaul shares Business Tips for New
Entrepreneurs in 2024
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• As a new entrepreneur, maneuvering the dynamic
  business landscape in 2024 requires a strategic
  approach. To make your first business successful,
  you will need to put everything you have into it.
• According to Adam Shaul, when things do not go as
  planned, you will need your best ideas, a strong
  work ethic, and perseverance. With this
  combination, you can build an empire out of a
  simple idea. In this article, we will share
  business tips for new entrepreneurs to start a
  flourishing business.

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1. Pick the Right Niche

• A common mistake that people realize they have
  made is choosing their niche. If your focus is
  too wide, you might struggle to connect with your
  audience. On the flip side, if it's too specific,
  like a grocery store, you could limit your
  market. Think about the season too. A
  Christmas-themed business is fantastic, but it
  might be a bit quiet in February.

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2. Address a Pressing Issue

• Failed businesses often couldn't answer the
  question, "What problem do you solve?" It doesn't
  have to be a rocket-science problem. The key is
  knowing what problem you're tackling. If you're
  selling anti-snoring products, show in your ads
  how annoying snoring can be for someone trying to
  sleep. Help them sleep soundly once more by
  offering the solution.

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3. Focus on Client Requirements

• Ever heard the saying, "The customer is always
  right"? Well, they might not always be right, but
  their needs are crucial. Unhappy customers
  usually mean unmet needs. So, the big tip here is
  to put yourself in their shoes. When they're
  upset, see it as them not getting what they
  needed. Don't take it personally instead, focus
  on fixing it. Listen to what they're saying, even
  if it's not all rainbows and sunshine. 

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4. Pay Attention to Profit Rather Than Revenue

• Forget obsessing over revenue. "I made 800,000!"
  sounds cool, but what about profit? If, after ten
  months, your profit is only 11,000, was it
  really worth it? Profit is the real game-changer.
  It's what you can reinvest in your business, your
  employees, and your own success. As an
  entrepreneur, you're the last in line to get paid
  after covering startup costs. So, make sure
  you're not just making money but making enough
  profit to treat yourself too.

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6. Launch a Business That Is True to Your Style

• Here's a neat tip from entrepreneur Adam Shaul.
  Start a business that screams 'you.' It's not
  just about doing what you love it's about doing
  what only you can do best. Think about how you
  can leave a mark on the world with your business.
  By doing something uniquely yours, you're not
  just running a business you're creating a legacy.

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Last Words of Advice

• In short, you should use this business advice as
  a guide only for your first few entrepreneurial
  ventures. You need to expose your business to as
  many people as you can if you want it to
  succeed. Adam Shaul concluded that finding a
  solution for an urgent problem will increase
  brand awareness for your company more quickly. To
  make sure your company is built to last, you must
  concentrate on satisfying the needs of your
  clients and your staff.

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Thank You