Venturing into the unknown
As an entrepreneur, when you are expanding into new territory , you’re not always equipped with a GPS. However, you can still map out your journey if you ask the right questions. The right questions will uncover the road you need to take, and help you to identify the obstacles that you may face.
Once you have this knowledge, you can then take steps to remedy the obstacles and expedite your journey into successfully establish your business in the new territory. #motivation #mentor #unknown #brandawareness #competition
Questions should be asked in the following areas to help you to extract
the insights from the sources and give you direction on how you should
approach your business expansion:
1. Responsiveness: Are consumers unresponsive to the beneﬁts offered
by your brand?
2. Trust: Do consumers lack the conﬁdence that you will deliver for
them the beneﬁts of your brand?
3. Competition: Do consumers believe they already have these beneﬁts
through another brand?
As you collect data from answering these questions, you will be able to identify certain obstacles - or gaps - which you will need to manage in order to ensure that your growth plans are successful.
I have successfully built a business by asking the right questions and then evaluating my chances. Ask Madhu your questions on 0425 341 086 or at email@example.com. Read more on Facebook.