Entrepreneurship Hour: ?TheBrandCoach? Network Daily Entrepreneurship Case Scenarios_ Friday 20th September 2024.

Entrepreneurship Hour: ?TheBrandCoach? Network Daily Entrepreneurship Case Scenarios_ Friday 20th September 2024.

CASE SCENARIO ONE

#abillionlivesgloballymission

You are negotiating with vendors for your startup. How can you effectively convey your needs and expectations?

Schedule a collaborative expectations management session!

While it introduce your start up, team and any aid-ful information. Convey the journey,? the challenges, where you are currently and then conclude with painting the bigger picture (where you want to go moving forward)

Let everyone participate by implying their understanding of the start up and their key contributions for growth and scale. Cement by communicating the role of the key management in helping everyone achieve their end of the bargain.

CASE SCENARIO TWO

#abillionlivesgloballymission

You're facing negative reviews in a crowded niche market. How do you turn feedback into an opportunity?

Accept criticism!

Accepting criticism is a big step to agreeing that we're not immune to getting it wrong. Remember Thomas Edison with his light bulb invention. He failed 999 times but according to his words verbatim "I have learnt of 999 times of not how to invent a light bulb"

Why can't ya all be like Thomas Edison? Calm forward thinking and futuristic.?

CASE SCENARIO THREE

#abillionlivesgloballymission

Your start up is facing cash flow challenges. How do you convince investors to stay on board?

Stay bold and honest!

The thing with most founders; they'll want and always feel the urge to broadcast their wins while laying low on the lows. Which in essence is double play.

In this situation however; be open, bold and honest to communicate with your investors about the current state of affairs, key causes and possible short and mid term mitigation being explored to stay on course of achieving the long term goals (Paint the bigger picture )

#Tenthousandbrands

#TBCNetworkEntrepreneurshipHr

#winstontony

?TheBrandCoach?

#TWiC