Ilé-Consults Entrepreneur Group

M.V.P

Too often businesses focus on the wrong thing to test a theory. Try putting something out there with the MVP (Minimum Viable Product) before investing thousands of hours and dollars. - Curious about a concept? Ask your friends and community. - Not sure about a brick-and-mortar business? Get a temporary pop-up or mobile concept. - Want to open a restaurant? Cook for others in your sphere, your kitchen or smaller events first. Start modest and small when it’s easiest to get feedback and quickly learn and iterate from there.

PICTURE YOUR BUSINESS LIKE A WORKHORSE 💪🔥

Although we like to think of businesses as our "babies," the truth is, our businesses are meant to provide for us (not the other way around). Picturing your business more like a workhorse or mule can shift your mindset and transform how you manage the business. You should not be constantly paying into the business to make ends meet or be left starving after expenses. Lack of proper planning or market research often leads to owners launching without adequate knowledge of the time, effort and funds needed to make the business successful. Your business needs to work for you, but you need to put in the pre-work to ensure you're creating (and protecting) a profitable business for the long term. - Lauren Marsicano, Marsicano + Leyva PLLC

CUSTOMERS NEED👌

Listen to your customers!

Listen to your customers!!

Listen to your customers!!!

emphasis on this because making your product stand out in a market that doesn't need it is like swimming against the current: If you do it, your brand will inevitably struggle to grow. Don't try to change your customers' idea of what they need. Instead, listen to them and create offerings that truly solve their problems. - Samuel Thimothy, OneIMS

REST

What you should fear as an entrepreneur should not be “failure” but “burnout". Your health should not be taken for granted. Several mental health issues have been reported among 72% of entrepreneurs. Because entrepreneurs have higher pressures than a lot of other job roles, it’s especially important to schedule downtime.

Some ways you can disconnect from work are:

• Spending time with family

• Doing sports such as walking, cycling, running for example

• Reading