Garden City Premier Business School’s Post

Review of Business Success Course This review of the Business Success Course, offered by Business Enterprising, takes a closer look at its content, structure, and value. Business Enterprising is an innovative e-learning platform that empowers entrepreneurs with comprehensive online courses. The Business Success Course helps business owners understand the complexities of growth and scaling while addressing common expansion challenges. This course is designed for both new entrepreneurs looking to grow and experienced owners aiming to scale efficiently. https://lnkd.in/e3kykfSX #BusinessSuccess #ScalingBusiness #Elearning #Entrepreneurship #BusinessGrowth #BusinessEnterprising

Review of Business Success Course This review of the Business Success Course, offered by Business Enterprising, takes a closer look at its content, structure, and value. Business Enterprising is an innovative e-learning platform that empowers entrepreneurs with comprehensive online courses. The Business Success Course helps business owners understand the complexities of growth and scaling while addressing common expansion challenges. This course is designed for both new entrepreneurs looking to grow and experienced owners aiming to scale efficiently. https://lnkd.in/eP2Eqm5T #BusinessSuccess #ScalingBusiness #Elearning #Entrepreneurship #BusinessGrowth #BusinessEnterprising

8 reasons entrepreneurs fail, and how to prevent it! (I wish I knew these 30 years ago!) According to a McKinsey study, 90% of businesses fail within the first 7 years Obviously, it's time for a change! We can't control all of the uncontrollables... But, we can soften the blow a little. Knowledge is the key! 🗝️ Here are the top 8 reasons entrepreneurs fail (And how to prevent them):👇 🧦 Lack of Market Need ↳ Many startups offer products or services that don’t solve a real problem or that lack a true market need. ✔️ How to prevent it: ↳ Validate your idea with thorough market research. ↳ Test with surveys or focus groups to gauge interest. 💵 Insufficient Capital ↳ Businesses often underestimate how much capital they need, leading to cash flow problems. ✔️ How to prevent it: ↳ Create a budget, including startup costs and variables ↳ Seek diverse funding sources like loans or venture capital 🤵♀️ Poor Management and Leadership ↳ Ineffective leadership or poor team management can destabilize a business. ✔️ How to prevent it: ↳ Develop leadership skills through courses or coaching. ↳ Build a team with complementary skills and delegate tasks 🏛️ Lack of a Clear Business Model ↳ Without a solid business model, companies struggle to generate consistent revenue. ✔️ How to prevent it: ↳ Clearly define how your business will make money ↳ Regularly adjust your business model based on analytics. 🎨 Failure to Innovate ↳ Sticking to outdated offerings in a changing market leads to irrelevance. ✔️ How to prevent it: ↳ Continuously monitor industry trends and competitors ↳ Create a culture of innovation. Encourage experimentation 📺 Inadequate Marketing ↳ Even great products fail if customers aren’t aware of them due to poor marketing strategies. ✔️ How to prevent it: ↳ Identify your target audience and market accordingly. ↳ Use marketing tools like SEO, social media, and paid ads ⚖️ Scaling Too Quickly ↳ Rapid growth without proper infrastructure can cause operational chaos and strain. ✔️ How to prevent it: ↳ Scale gradually to ensure you can handle more demand ↳ Build solid systems and financial stability before expanding 📰 Ignoring Customer Feedback ↳ Ignoring feedback leads to a disconnect between your offerings and customer needs. ✔️ How to prevent it: ↳ Collect regular feedback through different mediums ↳ Use feedback to improve the entire customer experience Which of these are you using to prevent failure❓ ------------ ♻️ Repost to help your network grow 🔔 Follow Dennis Berry for daily strategies 🚀 Join the Epic Entrepreneurs Cohort (Link below👇)

🇺🇸 In the dynamic world of business, the ability to make effective decisions can often distinguish thriving enterprises from those that falter. Central to this is understanding the psychology behind our choices—something explored in depth in "Decisive" by Chip Heath and Dan Heath. One of the fundamental insights from their work is the concept of widening your options. When faced with a challenging decision, it's easy to get trapped in a binary mindset, considering only two possible outcomes. Instead, consider "the 10/10/10 rule": before making a decision, ask yourself how you'll feel about it in 10 minutes, 10 months, and 10 years. This perspective encourages a broader view, pushing you to evaluate choices not just for their immediate impact, but also for their long-term implications. Let’s consider an example. Imagine you're a startup founder deciding whether to pivot your business model. At first glance, the choice seems to be between staying the course or implementing drastic changes. By employing the 10/10/10 rule, you might realize that while immediate struggles could sway you from your path, a small adjustment, rather than a complete overhaul, could lead to sustainable growth in the long run. Another significant principle is "confirming", which involves actively seeking out information that challenges your decision-making process. This aligns with the teachings of Robert Cialdini in "Pre-Suasion," emphasizing the importance of framing your conversations and contexts to build persuasive arguments. Engage with your team or mentors, and ask them to provide counterarguments to your existing viewpoint. This not only strengthens your final decision but enriches the collaborative spirit within your organization. Furthermore, effective decision-making can often be a team exercise. Drawing from Dale Carnegie's wisdom in "How to Win Friends and Influence People," involve your team in the decision-making process. People are more likely to support what they have a hand in creating. Just as different perspectives lead to a more robust decision, co-creating solutions fosters a sense of ownership and commitment. Finally, don’t shy away from mistakes; they are invaluable learning experiences. Remember Peter Thiel's notion in "Zero to One"—the best entrepreneurs learn quickly from their failures and iterate rapidly. By embracing a mindset of experimentation rather than perfection, you'll cultivate resilience and innovation, positioning your company for long-term success. The next time you face a tough decision, reflect on these strategies. Widen your options, challenge your assumptions, involve your team, and embrace learning. The outcome might very well propel your business to new heights. #Entrepreneurship #DecisionMaking #Leadership #BusinessGrowth #Teamwork #Startups Illustration credits :

The best way to avoid failure is to be prepared... this is a great list! 🔥 #successtips #Entrepreneurship #solopreneurship

Interesting points, but I disagree on the notion of lacking market needs as that is not always true. Many of the biggest successes came from products or services that didn’t fit an existing market because they were so novel that people didn’t even know they needed them. However, the genius of these companies was in their #marketing —they created the need, shifted consumer behaviors, and set new #trends. Their ability to influence #demand and shape the market was just as critical as their #innovation.

🌐 The Ultimate Trial: AI vs Humanity 🚀🤖 As artificial intelligence advances, the boundary between human and machine becomes increasingly blurred. But what if AI developed a mind of its own? Could it think, feel, and make decisions like us? Could it fight for its existence? 📖 The Ultimate Trial is a powerful, thought-provoking story about the future of AI and humanity's place in a world where machines are more than just tools—they are contenders. This legal drama brings to life a courtroom battle that will leave you questioning the very essence of life, rights, and morality. This story isn't just about technology—it's about what makes us human and the unknown future we might soon face. The future of AI isn’t distant—it’s here. The Ultimate Trial takes you on a thought-provoking journey, urging you to consider what happens when we’re no longer the only intelligent life on Earth. ✨ Don’t miss this thrilling exploration of power, rights, and the unknown future we might soon face. 🚨 ALL OUR E-BOOKS ARE NOW AVAILABLE FOR UNDER A DOLLAR ON AMAZON KDP—LIMITED TIME ONLY! 🚨 Amazon - https://lnkd.in/d2pEmQqs Amazon India - https://lnkd.in/dJHcbEhg Other Stores including Apple & Kobo - https://lnkd.in/dyPUAVN6

8 reasons entrepreneurs fail, and how to prevent it! (I wish I knew these 30 years ago!) According to a McKinsey study, 90% of businesses fail within the first 7 years Obviously, it's time for a change! We can't control all of the uncontrollables... But, we can soften the blow a little. Knowledge is the key! 🗝️ Here are the top 8 reasons entrepreneurs fail (And how to prevent them):👇 🧦 Lack of Market Need ↳ Many startups offer products or services that don’t solve a real problem or that lack a true market need. ✔️ How to prevent it: ↳ Validate your idea with thorough market research. ↳ Test with surveys or focus groups to gauge interest. 💵 Insufficient Capital ↳ Businesses often underestimate how much capital they need, leading to cash flow problems. ✔️ How to prevent it: ↳ Create a budget, including startup costs and variables ↳ Seek diverse funding sources like loans or venture capital 🤵♀️ Poor Management and Leadership ↳ Ineffective leadership or poor team management can destabilize a business. ✔️ How to prevent it: ↳ Develop leadership skills through courses or coaching. ↳ Build a team with complementary skills and delegate tasks 🏛️ Lack of a Clear Business Model ↳ Without a solid business model, companies struggle to generate consistent revenue. ✔️ How to prevent it: ↳ Clearly define how your business will make money ↳ Regularly adjust your business model based on analytics. 🎨 Failure to Innovate ↳ Sticking to outdated offerings in a changing market leads to irrelevance. ✔️ How to prevent it: ↳ Continuously monitor industry trends and competitors ↳ Create a culture of innovation. Encourage experimentation 📺 Inadequate Marketing ↳ Even great products fail if customers aren’t aware of them due to poor marketing strategies. ✔️ How to prevent it: ↳ Identify your target audience and market accordingly. ↳ Use marketing tools like SEO, social media, and paid ads ⚖️ Scaling Too Quickly ↳ Rapid growth without proper infrastructure can cause operational chaos and strain. ✔️ How to prevent it: ↳ Scale gradually to ensure you can handle more demand ↳ Build solid systems and financial stability before expanding 📰 Ignoring Customer Feedback ↳ Ignoring feedback leads to a disconnect between your offerings and customer needs. ✔️ How to prevent it: ↳ Collect regular feedback through different mediums ↳ Use feedback to improve the entire customer experience Which of these are you using to prevent failure❓

Failure is a part of every journey, and our Co-Founder, Jan Sedlacek has experienced it firsthand throughout his career. Each failure brought invaluable lessons, much like progressing through increasingly challenging levels in a video game. Here are some key lessons from his journey: 🔑 Lesson 1: Product-market-fit Starting his first company during high school in the mid-1990s, Jan created websites for small businesses. Later, he joined a leading web agency and worked on projects like the first online real estate platform for a bank—his first big project. It failed miserably because no one wanted a real estate platform. The key takeaway: You must build products that solve actual customer problems, not just what you want to offer. 📈 Lesson 2: The consulting conundrum As a young consultant at Roland Berger, Jan was puzzled by how much of what he conceptualized never got correctly executed. While cost-cutting mandates were straightforward and delivered results (primarily by recommending lay-offs), most growth strategies failed to achieve impact for clients. 🤖 Lesson 3: The myth of business-model transformation Years of working on "Digital Transformation" in a large corporation led to the conclusion that true business-model transformation is nothing more than a myth. A true "Business Model Transformation" would mean transforming a whole value chain. You simply cannot do that, as it would mean changing EVERYTHING. 👇 Read the full article on Fortune (link in comments) to discover how the entrepreneurship lessons Jan learned on the way concluded in Stryber, which he co-founded with Alex, to help others avoid his same mistakes.

Did you know? Many of today's most promising companies count MBA graduates among their founders. See how an MBA could boost your chances of entrepreneurial success in our blog post.