Chasing your dream what's stopping you

Chasing your dream what's stopping you

• 1.
  CHASING YOUR DREAM-WHAT'S STOPPING YOU? AAMIRQUTUB ACADEMY PRESENTS
• 2.
  What We'll Discuss Failing insomething new can only be altered by trying again and again How an hour of learning everyday can transform your life? Stop building a low-priced Business Model Strengthen your business in an economic downturn Helpful tips before venturing out What Is Startup Pivoting? Helpful tips for laundry business Don't neglect market research A A M I R Q U T U B A C A D E M Y
• 3.
  A A MI R Q U T U B A C A D E M Y FAILING IN SOMETHING NEW CAN ONLY BE ALTERED BY TRYING AGAIN AND AGAIN • Failure breaks only those who see it as absolute loss, as an end in itself. Failure is a wild horse you need to ride towards achievement and success; • Successful entrepreneurs have failed many times before achieving victory; • The road to success is never adorned with beautiful flowers, soft carpets, or gorgeous sights! Savvy entrepreneurs are those who use the thousand failures as building blocks to rise higher; • That is why they never get tired of trying, no matter how often they fail.
• 4.
  • Most peoplespend countless hours doing mundane stuff in their lifetime, but when it comes to nurturing their hobby or passion. What do they do? • They atleast spend one hour doing something from which they can gain knowledge or master the skill; • For example: One hour spent learning about a new topic or a new book makes you that much closer to being respected by your boss and peers. Plus, the benefits to your general knowledge and vocabulary will be palpable. HOW AN HOUR OF LEARNING EVERYDAY CAN TRANSFORM YOUR LIFE?
• 5.
  STOP BUILDING ALOW-PRICED BUSINESS MODEL • The financial estimates of low-cost players vary from those of traditional businesses; • They gain lower gross margins than conventional players do, but their business models turn them into higher operating margins; • These operating margins are magnified by the higher-than - average turnover rates of the firms' assets, resulting in remarkable returns on investment; • As a result of these returns and strong growth rates, the market capitalization of many start-ups is higher than that of industry leaders, considering the latter's broader equity base; • However, the pricing is not a sustainable competitive advantage. Prices can change almost instantly. Your competitor can change prices just as quickly as you can.
• 6.
  WHY DO YOUNEED TO MAKE A UNIQUE BUSINESS MODEL? • Moving to a new business model – such as from a product focused to a service/solution focused one – will not provide a significant sustainable advantage if your competitors are moving to that business model as well; • The key for a sustainable competitive advantage is to move to a relatively unique business model in your industry; • It could be an enlightening and creative exercise to work on imagining new business models with your team.
• 7.
  A A MI R Q U T U B A C A D E M Y STRENGTHEN YOUR BUSINESS IN AN ECONOMIC DOWNTURN • The stronger your business is, the less likely it is to be affected by risks — if they do eventuate — or unforeseen events; • Strengthening your business doesn't just involve financial management. It also includes strategies to retain and broaden your customer base, market your business affordably, keep morale high amongst your staff and improve business practices; • You should also look for opportunities to network and form alliances; this will help minimise your exposure to risks.
• 8.
  A A MI R Q U T U B A C A D E M Y • Attend Meetups; • Keep networking to find opportunities and gather knowledge; • After choosing an idea for your startup, try to look up for those people in the industry who have already worked on the same business. THINGS YOU SHOULD DO TO BROADEN YOUR HORIZON WHEN IT COMES TO VENTURING OUT
• 9.
  A A MI R Q U T U B A C A D E M Y WHAT IS STARTUP PIVOTING? Pivoting is basically a transition in the business strategy, to navigate your business in a lucrative or beneficial situation. Pivoting usually occurs after feedback from either the customer or the product expert or the strategy currentlyemployedby the company. Pivoting is usually part of a startup because, during the initial phase, without proper supervision, there is a chance that you might have skipped a particular aspect, and after funding, either from an Angel Investor or a Venture Capitalist, youwill get an overviewto do betterin a specific area.
• 10.
  A A MI R Q U T U B A C A D E M Y LET'S TAKE AN EXAMPLE OF A LAUNDRY BUSINESS
• 11.
  A A MI R Q U T U B A C A D E M Y TIPS FOR LAUNDRY BUSINESS • TRANSFORM YOUR BUSINESS MODEL Make a unique, tailor-made business model for your laundry business which can differentiate your business from your competitors. • CREATE AN APP Create an app where your customers can schedule pickup timing as per their liking and choose subscription for the same.
• 12.
  A A MI R Q U T U B A C A D E M Y DON'T NEGLECT MARKET RESEARCH • Before you begin the venture, conducting market research can be an effective way to ensure there is demand for a service in your area; • Carrying out market research will help you determine how customers are likely to respond to your new venture; • When you skip out on market research, you miss valuable opportunities that will help your business in the long run; • Successful business owners know their markets, understand their competitors’ and customers’ wants and needs, and gather all the information necessary for their businesses to be competitive.
• 13.
  WANT TO KNOWMORE? Making the decision to chase your dreams can be a frightening one. Making large changes to your life and how you live it is never easy, but by breaking the path to your dreams down into manageable goals, you can make the transition a much easier one. Achieving your dreams is possible, you just need a good plan. For more information, click the link in the description and checkout my Youtube video. https://youtu.be/tUIKzTzVlFQ