Student Saturday: Intro to Fractional Franchising
Category: Business Coaching
How to File Income Taxes as a Sole Proprietor
How to Franchise Your Small Business
The Evolution of Business Education
8 Business Skills for New Entrepreneurs
Have you ever wondered, “what business skills do most new business owners want to know?” If so, I have the answer for you! 👇
New business owners often want to know a wide range of skills that will help them successfully run their business. Here are eight of the most common business skills that new business owners want to know:
Financial Management
New business owners need to know how to manage their finances effectively, including creating and managing budgets, understanding financial statements, and managing cash flow.
Marketing
Effective marketing is essential for any business. New business owners need to know how to identify their target market, create a marketing plan, and implement marketing strategies to reach their customers.
Sales
Sales are the lifeblood of any business. New business owners need to know how to sell their products or services effectively, including understanding customer needs, creating sales strategies, and closing deals.
Leadership
As a business owner, you need to know how to lead your team effectively. This includes understanding how to motivate and inspire your team, set goals, and make difficult decisions.
Communication
Communication is key in business. New business owners need to know how to communicate effectively with employees, customers, and stakeholders.
Time Management
Managing your time effectively is crucial for any business owner. New business owners need to know how to prioritize tasks, set goals, and manage their schedule to maximize productivity.
Customer Service
Providing excellent customer service is essential for building a successful business. New business owners need to know how to create a customer service strategy, handle customer complaints, and retain customers.
Networking
Networking is crucial for building relationships with potential customers, partners, and investors. New business owners need to know how to network effectively, including attending events, making connections, and following up.
These are just some of the many business skills that new business owners need to know. It’s important to continue learning and developing new skills as your business grows and evolves.
Source: ChatGPT Mar 14 Version.
Student Saturdays: How to Attract Customers to Your New Business
If you’re a business owner struggling to get customers, it can feel frustrating and overwhelming. After all, you’ve put a lot of time, effort, and money into starting your business, and you want to see it succeed. However, there are several steps you can take to attract more customers and grow your business. In this blog post, we’ll discuss some of the most effective strategies.
Know your target audience
One of the most important things you can do as a business owner is to understand who your target audience is. This will allow you to tailor your marketing messages and promotions to the people who are most likely to buy your products or services. Take the time to research your ideal customer’s demographics, interests, and buying habits.
Optimize your website for search engines
Your website is often the first point of contact for potential customers, so it’s crucial to make sure it’s optimized for search engines. This means using relevant keywords, creating high-quality content, and ensuring your site is mobile-friendly and easy to navigate.
Utilize social media
Social media platforms like Facebook, Instagram, and Twitter can be powerful tools for reaching new customers. Make sure you have a presence on the platforms your target audience uses most frequently, and create engaging content that resonates with them.
Offer promotions and discounts
Offering promotions and discounts can be an effective way to entice new customers to try your products or services. Consider running a limited-time sale or offering a discount to first-time customers.
Build relationships with existing customers
Your existing customers can be some of your best sources of new business. Make sure you’re engaging with them regularly through email marketing, social media, or other channels, and consider offering incentives for referrals.
Attend networking events
Attending networking events in your industry can be a great way to meet new people and build relationships. Make sure you have business cards and be prepared to talk about your business and what sets it apart.
Leverage online reviews
Positive reviews can be a powerful tool for attracting new customers. Encourage your satisfied customers to leave reviews on platforms like Yelp, Google, or Facebook, and be sure to respond to any negative reviews in a professional and helpful manner.
In conclusion, attracting new customers is an ongoing process, but with these strategies in mind, you can start to see results. Remember to focus on your target audience, optimize your website, utilize social media, offer promotions, build relationships with existing customers, attend networking events, and leverage online reviews. With persistence and patience, you can grow your customer base and take your business to the next level.
Here are some obstacles new business owners face:
- Lack of experience: Starting a business is a complex process that requires a lot of knowledge and skill. Many new business owners may struggle with various aspects of running a business, such as accounting, marketing, and management.
- Limited resources: Starting a business can be expensive, and new business owners may not have the resources they need to invest in things like marketing, equipment, or personnel.
- Competing with established businesses: In many industries, there may be established businesses that already have a strong customer base and brand recognition. This can make it challenging for new businesses to compete and attract customers.
- Uncertainty and risk: Starting a business is inherently risky, and there are many factors that can impact its success. New business owners may struggle with uncertainty and risk, which can make it difficult to make decisions and take action.
Want more help? Check out these 2 videos:
In this video, digital marketing expert Neil Patel shares five effective marketing strategies that can help new business owners attract more customers and grow their business.
Entrepreneur and investor Gary Vaynerchuk shares his insights on how to build a sustainable business that can last for the long haul.
In this video, Valuetainment founder Patrick Bet-David discusses some of the common obstacles that new business owners face, and provides tips on how to overcome them.
Conclusion
Starting a business is not an easy task, and new business owners will likely face a range of obstacles and challenges. However, with perseverance, hard work, and the right strategies, they can overcome these obstacles and build a successful business.
Source: ChatGPT
Top 10 Skills & Traits of The Entrefluential Agent (aka a Successful Salesperson)
Introduction
Sales is the lifeblood of any business. It’s the process of persuading people to buy a product or service, and it’s essential for generating revenue and growth. However, sales is not easy. It requires a unique set of skills and traits that enable salespeople to connect with customers, build relationships, and close deals. In this blog post, we’ll explore the top ten skills and traits of an Entrefluential Agent (aka a successful salesperson).
Top 5 Skills of an Entrefluential Agent
Communication skills are crucial for salespeople. They need to be able to articulate ideas clearly, listen actively, and adapt communication style to the audience. Product knowledge is also important. A successful salesperson has a deep understanding of the product or service being sold, its benefits, and how it solves customer problems. Strategic thinking is another key skill. Salespeople need to be able to identify and prioritize sales opportunities, analyze data, and develop effective sales strategies. Relationship building is also essential. Salespeople need to build and maintain strong relationships with customers, colleagues, and partners. Finally, closing skills are critical. Salespeople need to be able to identify when a prospect is ready to buy, handle objections, and close the deal.
Top 5 Traits of an Entrefluential Agent
Resilience is perhaps the most important trait of a successful salesperson. Sales is a tough job, and rejection is common. Salespeople need to be able to handle rejection and bounce back from setbacks. Positivity is also important. A can-do attitude inspires confidence and trust in others. Empathy is another key trait. Successful salespeople need to understand and relate to customers’ needs and emotions. Curiosity is also important. Salespeople need to have a genuine interest in learning about customers’ businesses and industries. Finally, adaptability is critical. Salespeople need to be able to adapt to changing circumstances, customer needs, and sales strategies.
Conclusion
In closing, during this mini-lesson we identified the top five skills that Entrefluential agents have as: (i) communication skills, (ii) product knowledge, (iii) strategic thinking, (iv) relationship building, and (v) closing skills. Next, we identified the top five traits that Entrefluential agents have as: (i) resilience, (ii) positivity, (iii) empathy, (iv) curiosity, and (v) adaptability. If you want to become an Entrefluential agent (a successful salesperson) in your industry, then it is important that you invest your time and energy in developing these ten skills and traits.
Key Takeaways
- Top 5 Skills:
- Communication skills: the ability to articulate ideas clearly, listen actively, and adapt communication style to the audience
- Product knowledge: a deep understanding of the product or service being sold, its benefits, and how it solves customer problems
- Strategic thinking: the ability to identify and prioritize sales opportunities, analyze data, and develop effective sales strategies
- Relationship building: the ability to build and maintain strong relationships with customers, colleagues, and partners
- Closing skills: the ability to identify when a prospect is ready to buy, handle objections, and close the deal
- Top 5 Traits:
- Resilience: the ability to handle rejection and bounce back from setbacks
- Positive attitude: a can-do attitude that inspires confidence and trust in others
- Empathy: the ability to understand and relate to customers’ needs and emotions
- Curiosity: a genuine interest in learning about customers’ businesses and industries
- Adaptability: the ability to adapt to changing circumstances, customer needs, and sales strategies
Source:
Are You a Startup or Entry-Level Entrepreneur?
During our upcoming Startup Accelerator Workshop, you’ll be able to quantum leap your brand awareness in a weekend by fast tracking your marketing channels: Become a YouTuber, Podcaster, Writer, Speaker, Blogger, & Social Media Influencer – all in one weekend!
Do You Want to Become a Business Coach?
We’re looking for a few good teachers/biz coaches who are available on weekends to help us facilitate our upcoming Startup Accelerator Workshops across the United States. What’s in it for the startup business owner? The cost of attendance is $500 per student and includes professional headshots, a video of the student speaking on stage to a live audience, co-publication of a book (done in a weekend), social media content for 30 days using Canva, and 3 podcast & YouTube interviews!
What’s in it for Me (the Facilitator)?
You get to meet and network with up to 30 entrepreneurs during each workshop and get paid to help them create amazing content! We provide food & beverages and pay you 30% commission per enrolled student (that’s potential earnings of $4,500 per workshop!) Sound fun? Sign up to join our teacher/facilitator waitlist here! 👇
New Release: Episode #37 of The Entrefluential Life Podcast
In tonight’s episode, we’re going to give you a sneak peak of module 1 from our upcoming class, Up! Course 3: Business Growth Plan.
Alternative Educational Work for Teachers Seeking an Exit Strategy from their Day Jobs
Learn more here 👉 https://entrefluencermembers.wordpress.com/teachers/
3 Ways to Increase Productivity in Your Business
1. Take MASSIVE Action.
2. Focus on Differentiation.
Source: Brendon Burchard’s Best Selling Book, High Performance Habits
3. Make a Contribution.
About Our Podcast:
We teach aspiring entrepreneurs new Christian lifestyle & business skills, such as how to build “entrefluence” in your business life by learning creative communication skills to amplify your message and we help you build pillars of passive income, including automated sales machines, speaking, coaching, consulting, book writing, and innovative real estate investment strategies to help you grow your real estate portfolios to achieve the ultimate financial freedom!
Join Us:
Want to become part of a growing tribe of international entrepreneurs, influencers, & real estate investors? Have you started a podcast or speaking stages? Let’s collaborate! Subscribe to The Entrefluential Life Podcast, join The Entrefluencer Club and our Professional Entrepreneur Network (PEN)!
http://www.entrefluencer.club
Disclaimer:
Please see the link for our disclaimer policy for this video and all of our social media content on YouTube, Facebook, Twitter, LinkedIn, Instagram, Pinterest, our webpages, including, but not limited to, The Entrefluential Agent, The Entrefluential Investor, Entrefluential Marketing, The Entrefluential Broker, Entrefluential Networking, The Entrefluential Life, The Entrefluential Life Podcast, The Entrefluencer Club, Coleman Tanner Realty, Peninsula of Paradise, Grow Your Real Estate Portfolio, Up!, Residential Real Estate Mastery Blueprint, and all other affiliate channels we produce: https://www.johnwtanner.com/about/disclaimer
Want More Entrefluencer Resources?
https://linktr.ee/johnwtanner
John W. Tanner, J.D., M.S. 