If you’re struggling with getting business ideas, you came to the right place. In this article, I’ll describe 5 approaches to come up with business ideas. Approach #1: Play To Your Strengths In general, you’ll maximize your chances of success by continually learning topics and skills that are most related to your core…
Business strategy frameworks provide the following benefits: Help you determine which products warrant the biggest investments of resources and time Help you determine the optimal courses of action in the short and long term Help you attract groups of customers that you wouldn’t attract using traditional strategies in your industry Help you satisfy customer needs…
The S-Curve Pattern of Innovation highlights the fact that as an industry, product, or business model evolves over time, the profits generated by it gradually rise until the maturity stage. As a product approaches its maturity stage, a business should ensure that it has new offerings in place to capture future profit opportunities. These new…
In this article, I’ll provide 7 business ideas for smart passive income. 1. Create a Course Share your knowledge with a course hosted on your own website or on any number of course marketplaces. Ideally, you would host a premium, high-priced course on your own website and an email list containing prospective and current…
In this article, I’ll describe 5 business strategy frameworks. 1. SWOT Matrix this is usually the most versatile business strategy framework for most situations. It encompasses 4 factors: Strengths – these are internal factors such as activities and characteristics that help your company reach its objectives and help your company differentiate itself from its…
In this article, you’ll get PESTLE Analysis Explained in a clear and concise way. PESTLE Analysis is a simple and widely used tool that helps you consider and analyze trends by specific categories. This framework helps you understand the “big picture” forces of change in your society and how they might affect…
In this article, you’ll get the value proposition canvas explained in a clear and understandable way. A value proposition summarizes why a consumer should buy a company’s product or service. A value proposition should convince potential customers that they’ll get more value from a product or service than they would from other offerings. …
Digital products are the easiest and most profitable types of products to sell online. They allow you to continuously make money off them long after you create them and place them for sale on the internet. In this article, I’ll explain 7 types of digital products to sell online. 1. Create a Course…
If you want to learn more about the SWOT Matrix, you came to the right place. In this article, I’ll explain the SWOT matrix and examples of each element that falls under it. The SWOT Matrix is the most versatile business strategy framework for most situations. It helps businesses and people at an…
If you want to learn more about the TWOS Matrix, you came to the right place. In this article, I’ll explain the TOWS matrix and examples of the strategies that fall under it. The TOWS Matrix is a more advanced version of the SWOT matrix, encompassing strengths, weaknesses, opportunities, and threats; the TOWS…
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