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Reminders to the new Entrepreneur
As a starting business entrepreneur, bear in mind that you would start business by yourself or with a small group of people. It is important to stick to the basics of running a business such as:
1. Make sure you get your things done.
2. Be close to the customers.
3. Innovate. Be open to new ideas.
4. Produce through people. Trust them.
5. Be hands- on in running your business.
6. Be clear with your values.
7. Know your expertise. Continue doing it. Stick to what you know best.
8. Keep things simple.
9. Keep a lean staff.
10. Keep firm on directions but at the same time give your people autonomy. Be good at balancing the two.

Answer this in a paragraph form:
Select one of the ten that you want to explain and think of practical ways of applying the reminder that you have chosen.

 

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One of the reminders that I would like to explain in more detail is "Be close to the customers." As a new entrepreneur, it is crucial to establish and maintain a strong relationship with your customers. A practical way of applying this reminder is by actively engaging with your customer base through various channels. This could involve utilizing social media platforms to interact with customers, responding to their inquiries and feedback promptly, and providing personalized experiences. Additionally, organizing customer appreciation events or focus groups can help you gather valuable insights and build brand loyalty. By being close to your customers, you can better understand their needs and preferences, which will enable you to tailor your products or services accordingly. This approach fosters a sense of trust and loyalty, setting a solid foundation for long-term success as an entrepreneur.