In this milestone episode, Jay unveils the time-tested “Three Golden Rules of Entrepreneurship,” imparting invaluable wisdom garnered from twenty-five-plus years of triumphs and challenges in the business arena. Brace yourself for a transformative journey as Jay decodes these rules, offering a roadmap to navigate the tumultuous terrain of entrepreneurship.
Jay’s insights go beyond conventional advice, providing you with a strategic advantage in the competitive business landscape. Tune in to this landmark episode and equip yourself with the essential knowledge to not just succeed but thrive as an entrepreneur.
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BLACK ENTREPRENEUR BLUEPRINT SHOW NOTES – EPISODE # 500
Golden Rule # 1 – Test For Proof Of Concept
One of the biggest mistakes entrepreneurs make is that of not validating their business idea. Unfortunately, many entrepreneurs exhaust too much time and resources into something that’s not viable. The truest test of proof of concept is when people go into their pockets and purchase your product or service.
EXAMPLE: my nootropic, sales reps for magazine
Golden Rule # 2 – Create A Solid Business Plan
You don’t need to write a 200-page business plan unless you’re looking for funding. Take your time and write out your ideas in a concise fashion and focus on several things such as your target market, the benefits of your product or service, sales and marketing ideas, profitability, and
Golden Rule # 3 – Create A Sales System
If you don’t have a list of qualified prospects, you will never generate consistent revenues. No revenues equals no sales, equals no business. A winning sales system generates leads for you 24 hours a day and it can be as simple as driving traffic to a landing page and offering a lead magnet.