Business Planning

7.43K FOLLOWERS

Most popular solutions in the community
Business Coaching
Brian Le Mon added an answer to this question
Brian Le Mon

Brian Le Mon, Principal at

Top 10%
@Hatty Bell Many successful companies start off with Me-too offerings. The same service as a competitor or the same product range.
Make your competitive advantage something that customers are needing or wanting but not getting from your competitors. Take The Iconic as an example. You could argue ...  Continue Reading
Hatty Bell

, Community Manager at

Thanks @Brian Le Mon super helpful! 

Jef Lippiatt added an answer to this question
Jef Lippiatt

Jef Lippiatt, Owner at Startup Chucktown

Always assume everything will change. Business is complex like solving an intricate algebra problem. Getting one variable figured out doesn’t necessarily give you the solution immediately. It is important to understand that you can have great resources, research and still produce things that don’t ...  Continue Reading
Hatty Bell

, Community Manager at

Customer is key @Jef Lippiatt ! Great insight

Marc Shaffer added an answer to this question
Marc Shaffer

Marc Shaffer, CEO at

Don't take your eyes off the long game.  As with most things, this too shall pass.  Even if you can't follow-up on everything you want to do, plan for it so you are ready as things ease.

Hatty Bell

, Community Manager at

Love this @Marc Shaffer ! Thanks for the insight

Beau Ushay added an answer to this question
Beau Ushay

Beau Ushay, Owned Media & Marketing Specialist at

Top 10%

Rather than trying to predict what the future will look like, the smart money instead focuses on what won't change.

Double down on learning what your customers want, how you best solve their problem and think about the elements of that which will still be present in a post-COVID world.

Hatty Bell

, Community Manager at

This is a brilliant perspective! Any trends you're seeing?

Beau Ushay

, Owned Media & Marketing Specialist at

The main trend we're seeing is that businesses are jumping feet-first into tech and digital transformation, feeling they need to be hyper-agile when they haven't really thought through the problem, first. 

The general sentiment is there will be a lot of unwinding of technology solutions in 2021 and beyond, as companies realise they rushed into spending big on tech and haven't actually solved their own problem.

View all replies
Tim Stokes added an answer to this question
Top voted answer
Tim Stokes

Tim Stokes, Managing Director at

It's a great question and one with a large range of answers, some simple and some deep and complex. 

It's a topic I've assisted many businesses with some I'll share some more simple points. 

First of all customers like the idea of buying on price however they buy ...  Continue Reading
Tim Stokes added an answer to this question
Tim Stokes

Tim Stokes, Managing Director at

Obviously John they are never going to give the answer you stated. Your whole point is obvious and nothing to do with my reasoning. Every product doesn't need to be sold at 15% but a minimum figure is good management decision. I've turned many struggling businesses around using the described process that are hitting higher margins. Its a smart business decision that is supported with strategies to achieve the higher profit margin in sales.