Knowledge to Thrive: Multiple Ways to Start a Business from Scratch
Did you know the following facts about entrepreneurship?
There are 400 to 500 Million businesses all over the world,
60% of formal employment,
Over 40% of National Income.
The purpose of the Conference and Speaker David Wagstaff is to help these businesses succeed. You can start any business easily, but building a continuous income from it is difficult. That’s because of a lingering problem: a high rate of failure.
22.5% of businesses fail within the first year,
50% fail within first 5 years,
70% to 90% fail within 10 years.
“Nothing in the world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men (and women) with talent. Genius is almost a proverb.”
The key elements to focus on and make success more likely
Here are certain aspects of business that aspiring and new entrepreneurs should focus on and has the potential to increase the chances of success.
Understanding the customer problems,
Clear business model including products and services,
Sales and marketing strategy with crisp articulation of value,
Repeatable business systems and processes,
Pricing model and managed expenses,
Diverse team engaged, loves mission.
The Business Model Canvas: How to run your business
To build a strong business foundation, you need to think about the following list of aspects:
Understanding Customers and Marketing Strategy
It’s important to ask your customers about what they think and feels instead of assuming. However, the questions should be thoughtful and tricky and should be able to deliver clarity about what the customers really want deep down.
A few instances of thoughtful questions you can ask are:
If we didn’t exist where would you go to solve this problem?
What do you like about current providers?
What don’t you like about other providers?
What does it cost you to not have a solution that works?
These type of questions have the audience reflecting and come up with a clear answer that’s helpful for both parties.
Articulating the Value Proposition to your Ideal Customer
The practice of using generic and commonplace messages that highlight your business as the center of attraction is long dead. As entrepreneurs and marketers of today, it has become important to enter the psychology of the customers’ minds to present a compelling value they care about.
Your marketing strategy may include valuable activities like:
Partner with members for content & co-promotion of events,
Marketing through Entrepreneur’s Network & Financial Entrepreneurs Network,
Build daily habit in to our platform through a user-friendly web app,
Once established with a solid foundation, partnerships with large sponsors to expand reach.
However, it’s not limited to such an overview. You also need to get specific with actions that deliver results. And this is when Knowledge to Thrive enters.
Let’s help you unlock the
Knowledge to Thrive
Access your 90-Day Virtual MBA
A library for entrepreneurs to find almost all the answers to start and grow your business’ profits. Earn and flaunt your certificate.
Schedule 15 mins with David
Continue with your questions from the Conference, Speaking opportunities at our Conferences, Business Coaching, Affiliate opportunities.
Find Opportunities to Start your own Business
Your business purpose outweighs the idea of only making money.
In this Conference, Claudeth Forbin shares her story and journey of how she became her own boss. “How does money work was a lingering question in her mind when she discovered”.
More than making money, she realized what resonated with her the most: bringing value to people’s lives with guidance and mentorship that they lack but hunt for.
Everyone deserves and should be financially secured
The vision of Claudeth’s business is to educate people on how money works and solving multiple financial issues that led to household and personal problems; both directly and indirectly.
However, when she started off, she craved for a mentor and a guide. That’s when she discovered a person through her network who revealed a way for her.
In the Conference, Claudeth shares all about it and, now, is of the vision to help aspiring entrepreneurs, like you, start the same journey as her so you can find a place to start in your quest of being your own boss.
Become a Change Agent for your Friends, Family, and Community
Chat with Claudeth and find out if this resonates with you.
How to Raise Capital for your Business
Trying to attract an investor or raise capital is similar to attracting another person and get a date with them, believes Investor Geoffrey Kent.
In his presentation on how to raise funds for a business, Geoffrey makes you wear the shoe of an investor and think like them. And these have you (on the investor’s shoes) ask these questions to yourself and find a business that you have confidence to invest in. Plus, he also answers all the questions with insightful content that will make realize what qualities and numbers investors seek.
What is the purpose behind raising capital?
How much capital does one need?
Who or what type of investor exactly should one raise funds from?
What items does one need to provide the investor?
How to convince the investor for a deal?
Think Big with Geoffrey Kent
Schedule time with Investor Geoffrey to take a deeper dive from the shoes of an investor.