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#101: 7 Common Business Struggles To Consider
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Running a business can be rewarding but not without its fair share of challenges. In this insightful podcast episode, Dr. Terri Levine dives deep into the common struggles that business owners face and offers invaluable recommendations to overcome them.
Terri Levine’s findings, derived from a survey of 52 business owners, highlight seven key challenges entrepreneurs often encounter.
One key takeaway from the episode is the importance of setting yourself apart in a competitive business landscape. Dr. Terri Levine emphasizes the importance of distinguishing your services and crafting a distinctive core positioning statement that highlights the unique value of your services.
Key Highlights From The Episode:
[00:15] Today’s focus: Common struggles that business owners experience and the recommendations
[00:27] #1 Cash flow management
[00:59] #2 Marketing
[01:34] #3 Staffing and hiring
[01:59] #4 Competition
[02:23] #5 Time management
[03:06] #6 Technology
[03:48] #7 Government regulations
[04:18] Get help; https://heartrepreneur.com/
Golden Nuggets:
• To triumph over competition within your business niche, distinguish your services and craft a distinctive, core positioning statement. [02:07]
• You cannot manage time; you can only manage your behaviors. [02:26]
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