Entrepreneurship Hour: ©TheBrandCoach™ Network Daily Entrepreneurship Case Scenarios_ Friday 27th September 2024.

Entrepreneurship Hour: ©TheBrandCoach™ Network Daily Entrepreneurship Case Scenarios_ Friday 27th September 2024.

CASE SCENARIO ONE

#abillionlivesgloballymission

You are developing a new product line. How do you balance innovation with stability and reliability. 

Strike a connection within the three worlds!

Innovation,  stability and reliability borrow from and relay to each other. An innovative product that doesn't fulfill stability test isn't reliable at all. The markets will always keep you at checks whether consciously or subconsciously.  So it's prudent to ask for whom am I producing for and why exactly am I producing this product for them at this point in time?

That said, consider niched market pilot testing. Monitor review and re_asses!

CASE SCENARIO TWO

#abillionlivesgloballymission

Here is how you can track and measure the impact of feedback on your entrepreneurial venture's growth. 

Define Metrics!

Because yes. It's obviously hard to measure if you don't know what exactly you are measure.

Defining and setting out quantifiable metrics will provide you with a checklist mechanism against which you'll tick out key milestones achieved.

Regularly update the progress against a feedback results chart.

Incorporating an internal gaps control mechanism in your metric measure will go a long way in ensuring the project stays on cause.

CASE SCENARIO THREE

#abillionlivesgloballymission

You're facing negative customers feedback. How can you turn it into valuable insights for Business growth

Cut against the grain!

Don't be like everyone else. Who is everyone else? Everyone else you'll realise,  only hypes and raves about positive feedback

Be the game changer by cutting against the grain. This will give you the opportunity to wear the vulnerable hat. Tell the world that you indeed accept you're not  perfect but rather you're work in progress and that their feedback and reviews both positive and negative mostly go a long way in refining the craft long term.

So ladies and gentlemen go out Win big

#Tenthousandbrands

#TBCNetworkEntrepreneurshipHr

#winstontony

©TheBrandCoach™

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