))
Misunderstanding: The Cause of Most Business Failures
Manage episode 443091659 series 3590047
Content provided by Travis Maus. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Travis Maus or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Takeaways:
- Understanding your target clients is crucial for successfully building a business around their needs.
- Investing in a product or service without understanding the target client may lead to failure.
- People buy from those who genuinely understand their problems and offer passionate solutions.
- A well-designed product addresses not just the primary problem, but also the user experience.
- Simply having a good idea does not guarantee market success; understanding your audience is essential.
- Most businesses fail due to a lack of understanding of their client base and their needs.
π Buy "Build" by Tony Fadell -
https://www.amazon.com/Build-Unorthodox-Guide-Making-Things/dp/0063046067/ref=sr_1_1?crid=2GEU170W71WGG&dib=eyJ2IjoiMSJ9.Rs-FvZmSQsSu1X8DcQQ1ncFIlz7afDm_wNmFKKG-4ntqHeB4ALGPThHxvmZY3loQYTOMgcvu5gTY6KxgFgITlSUitY_qievRXBbHkg2a-x_eblYpwRKNe264L3x3OHRrq3cm88AvYnl5QHF-xtkoIY7dcRrRnQ7A7uNhnIYwRG7jnukmQuLKKehaxDhja0-6cUXLVEVgVPE1lf1ZMFkVTrQr6EJS6U-KKxVwxDEexPw.UsuRPNIJgNmexH3e_xuAfp_GZKxkxlKHikXxLFTX1P8&dib_tag=se&keywords=build+tony+fadell+book&qid=1722454453&sprefix=build+tony%2Caps%2C75&sr=8-1
Sponsors
π± S.E.E.D. Planning Group - https://www.seedpg.com/
ποΈ Ditch The Suits Podcast - https://www.ditchthesuits.com/
π» NQR Media - https://www.nqrmedia.com/
ποΈ Cut Throat College Planning Podcast - https://www.nqrmedia.com/ctcp/cut-throat-college-planning
π College Prep Bootcamp - https://www.sohteam.org/college-prep-bootcamp
ποΈ One Big Thing Podcast - https://www.nqrmedia.com/one-big-thing
Chapter Markers
00:00 - Introduction and Letting Dave Talk
00:29 - Discussing the Takeaway: Don't Pick a Target Client You Don't Understand
03:02 - The Importance of Understanding Your Customer
04:22 - The Consequences of Not Understanding Your Customer
05:49 - Passionately Addressing Customer Issues
09:07 - Avoiding Biases and Arrogance in Understanding Customers
10:45 - Making the Customer Experience Easy and Emotionally Appealing
11:42 - Why Businesses Fail: Lack of Understanding and Targeting
292 episodes
Share
