Smallstarter 공개
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Tune in to John-Paul Iwuoha's unique podcast for practical tips, advice, and insights that'll improve your chances of starting, growing, or turning around your business. If you're an African entrepreneur, or you do (or plan to do) business in Africa, you'll love how John-Paul thinks and talks about strategy, exploiting business ideas and opportunities, market entry, sales and customer acquisition, growth, expansion, raising capital and funding, developing strong business systems, leadership, ...
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I've been away from the podcast for a year due to an unplanned sabbatical. I'm back with great news and an important announcement. 10 years after launching Smallstarter Africa, we have re-launched as Activator HQ. Our mission to support entrepreneurs is the same, but our new strategic focus is to make it easier and faster for our audience to start …
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It’s frustrating to run a business that feels like a leaking bucket. That’s the situation in businesses that make money from sales, but there’s hardly anything left as profit. In this episode of the Smallstarter Business Podcast, I explore the common suspects in these kinds of businesses. I talk about how to look at your business data, and how to t…
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Big companies can make great customers. They have deep pockets. They’re less price sensitive, and they are more likely to work with you for the long term. That’s why B2B sales can be an important growth opportunity for your business. In this episode of the podcast, I explore the opportunities and considerations for targeting B2B customers and 5 pra…
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How do you deal with the mental, psychological and emotional stresses of building a business? Building a successful business is a marathon that takes a toll on your mind. That’s why you need endurance and coping mechanisms to support you. In this episode of the Smallstarter Business Podcast, I explore 5 effective mental exercises that can help entr…
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99.99% of businesses sell a version of a product or service that already exists. This means that if you plan to start a new business or launch a new product, you will likely be facing a crowded or competitive market. Crowded markets can be a big advantage and a huge opportunity for newcomers. However, they also come with dangers and risks you need …
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Many small and mid-sized businesses are failing at customer service. This is a big opportunity for you because improving how you serve your customers can become a strong competitive advantage for your business. This episode is a mini-Masterclass in how you can achieve this. You’re going to unlearn some of the misconceptions you may have about your …
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You cannot build a successful business on your own. You will likely need the help of employees. But how can you tell the right kind of person to hire for your business? How much knowledge, skill, and experience should they have? What kind of personality should you be looking for? In this episode of the Smallstarter Business Podcast, I discuss the 4…
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How can you be sure your business is in good hands while you’re away on travel, vacation, study, or just busy taking care of another business? In this episode, I’m going to introduce you to the interesting concept of “vital signs”. It’s an effective tactic that is used to great effect in hospitals around the world. And there is a lot you can learn …
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Many young businesses fail because they run out of money. Some of these failed businesses had great potential and may have become successful businesses if only they survived a little longer. Fortunately, this is a fixable problem. In this episode of the Smallstarter Business Podcast, I explore the most common reasons why young businesses fail and h…
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It’s boom time for startups around the world. Last year alone (2021), startups on the African continent raised over $4 billion from local and international investors. But do you really have to raise money from investors? Or should you continue running as a self-funded business and ignore the temptations to raise money from banks and outside investo…
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Many entrepreneurs struggle with the challenge of raising capital to start, grow and scale their businesses. How to overcome this seemingly insurmountable obstacle? In this episode of the Smallstarter Business Podcast, Kristin H. Wilson of Spurt! shares some interesting insights and strategies for overcoming this problem. During this interview, we …
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Why does it often seem that ‘nice’ people are easily taken advantage of in business? And does this suggest that we have to be mean, nasty and brutal to win in business? The truth is, there are aggressive and domineering people out there who will take advantage of your “niceness”, generosity and patience. These people could be your customers, employ…
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Some businesses are just deadends by design. They may look exciting on the surface, but the reality is much worse than your eyes can see. After investing your time, money, and efforts in them, you’re very likely to regret your decision down the road. But what if you could identify these kinds of businesses in advance? That’s exactly what this episo…
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Surprises and change are a constant in business. If the ups and downs of the economy don’t shake you, your customers, employees or suppliers may disappoint or destabilize your business. Unfortunately, you cannot plan for most of these surprises and changes before they happen. That’s why you need to build redundancies into your business. In this epi…
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In this interesting episode of the Smallstarter Business Podcast, Maxwell Adew of Kuueza shares his entrepreneurship story. You will learn how he stumbled on the painful problem that gave birth to the business idea that became his company, Kuueza. Maxwell also shares valuable advice and insights on starting a business, raising capital for business,…
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Almost every entrepreneur wants to get to the next level of growth and success in their business. That next level could be to raise more capital, to make more sales, to build a bigger team, or to expand into more locations and grow the business. But for every new level, there will be new devils. For every new level, there will be new problems, chal…
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Entrepreneurs love to find and chase new opportunities. It could be a new idea, a new product, a new strategy, or a new partnership deal. But how can you be sure that thing is really an opportunity, and not a distraction? Many entrepreneurs get sucked into distractions that cost them a ton of time, money, sweat, and tears. And that's why this episo…
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Growth is often on the minds of most entrepreneurs and business owners. How can you grow and scale a business to reach more customers, make more sales, and grab more market share? This episode of the podcast is a peek into a Mastermind Strategy Session from our exclusive Insiders community. During this session, Kristin H. Wilson of Spurt! Shares in…
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What's the best way to manage the relationship with your employees? Is it better if they fear you, or love you? In this interesting episode, I share my thoughts on how to handle the critical relationships with your employees. You're going to learn the upsides and downsides of using fear and love to motivate your staff. This is an episode that will …
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Growing a business is tough for many people who own or run a business. But are there tested and trusted ways to boost the sales of your company? In this episode, Simon Severino of Strategy Sprints shares some interesting strategies for boosting sales and growth in a business. You're going to learn a lot from this.…
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Some people claim that if you have a good product, customers will automatically find you. Unfortunately, this is not always true. The world is full of great products that cannot find customers. It’s hard to penetrate any market with a new product, especially when nobody knows you or your business. This is a common challenge faced by entrepreneurs w…
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People provide leverage in business. That’s why to grow a business, you need to build a team. But building a good team starts with hiring. And when it comes to hiring people, it’s often easy to make mistakes. You may hire for the wrong purpose, or hire the wrong person, or hire at the wrong time. Unfortunately, these mistakes can be expensive. Hiri…
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At a point in your journey as an entrepreneur, you will experience “burn out”. After several months or years of working hard on your business, you will likely experience some form of physical, mental, or emotional exhaustion. Entrepreneurs are often too focused on the business that we don’t pay enough attention to ourselves. In this episode of the …
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Almost every entrepreneur wants to grow their business. Growth is exciting. Growth means a bigger business that makes more sales, has more customers, and is more visible and known by people. But guess what? Growth can kill a business if it’s not done well. In fact, if you grow your business too early, too fast, or too late, your business will likel…
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Many businesses are struggling to survive. And most of these businesses make either very low profits, zero profits, or serious losses. How to improve profits in a business is a major headache for entrepreneurs. After paying suppliers, salaries, rent, and other expenses, there is almost nothing left for the owner of the business. And if this situati…
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Running out of money. It’s the top reason most businesses fail. According to CB Insights, up to 40 percent of failed businesses were due to lack of capital. And that’s for the US, Canada, and Europe. In developing markets like Africa, I can bet the number is much higher. But what makes a business run out of money? And why can’t some entrepreneurs m…
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If people don’t know you, they can’t help you or do business with you. That’s why networking is so important in business. Through networking, many people have found investors, business partners, and very good suppliers and distributors. Unfortunately, many people are not so good at networking. Most people think networking is just about introducing …
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Your customers are not always right. Sometimes, this is especially true for angry customers. How do you handle a person who insults you, threatens you, and may likely tell other people bad things about your business? In your career as an entrepreneur, you will likely come across this kind of person. But guess what? Angry customers are a special gif…
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A friend of mine recently shut down his restaurant business. It was painful to watch him go through it. I still remember how excited he was when he first started the business. I still remember his vision to expand the business into other cities in the country. I still remember how much time, energy, and money he sacrificed for that business. But it…
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Having an idea for anything is easy. But it is much harder to actually start. It could be a new business. A new product. Or a new sales strategy. So, what is the best way to start anything in business? Should you wait until you have all the resources you need so you can start BIG? Or should you start small even if you have all the resources you nee…
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Every business is looking for customers. The more customers you have, the better for your business. But there is a problem with customers. They can easily leave you. Make a small mistake. Increase your prices. Or delay their orders. And some of them will leave you. They will leave you for another business that sells cheaper. Customers will buy from…
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Growth is a beautiful thing in any business. When you grow, you make more money, serve more customers, and hire more employees. But there’s something else that comes with growth. It’s called complexity. As your business grows, it becomes harder and harder to monitor everything. It becomes harder to monitor everybody that works for you, especially t…
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Most businesses depend on employees to function. But as your business grows, your employees will become key stakeholders. And they may start to ask for more. They could ask for higher pay and more privileges. Or more rights and improved work conditions. If you don’t handle these grievances, your employees may start to gang up against you. And trust…
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You see it everywhere. On social media, in magazines, and in casual gossip. We like to talk about successful entrepreneurs, how much money they have, and where they rank on the Forbes list of billionaires. We tend to see these people as successful INDIVIDUALS. But no single individual can build a fortune or a successful business entirely on their o…
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Can you love your job and still be a successful entrepreneur? It's very possible. In fact, some people prefer it this way. They don't want to give up the fulfillment, steady income, and professional achievement that comes from a full-time job. But on the other hand, they want to do something about their passions and business ideas. Is it possible t…
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Every business needs customers to survive. But like most people, I didn’t have any customers when I started my business years ago. I had to find the first client. And then I found the second, third, fourth client, etc. Till today, I still have some of my early clients who have stayed on with me. We have become friends and will remain so for a long …
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Many of the world’s most successful companies have one secret power. They know how to use OPM. Coca-Cola uses it. ExxonMobil uses it. And several other multinationals love to use OPM. OPM = Other People’s Money. Many of these businesses know how to use their market power to leverage other people’s money to run and grow their businesses. And if they…
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The ability to negotiate well is a very powerful business skill. It can save you a lot of money. And it can also make you a lot of money if you know how to use it well. In business, you have to negotiate with people all the time. These people could be your customers, employees, suppliers or distributors. They could also be your business partners or…
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There are only 3 ways a business can make money in this world. It can sell products. It can sell services. Or it can sell both. But is there any advantage in selling a product instead of a service? Or is it easier and more profitable to sell services instead of products? This is a question most entrepreneurs must consider before investing time, ene…
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There are two things that can kill a business. The first is capital or funds. Many businesses die early because they can’t access the funds they need to grow or scale the business. But when you have the funds you need, the problem is solved. The second thing that kills businesses is a much more stubborn problem. That thing is staff or human resourc…
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Should you give credit to your customers? I was training a group of entrepreneurs recently when this question came up. Credit is a very divisive topic for business owners. Some entrepreneurs love giving credit because it has helped to build their businesses. Some have lost money to customers who never paid back. And some others have a strong policy…
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Knowledge is money. People will pay for what you know. People will pay for what you can do. And that’s why most of the highest earners in today’s world make their money from knowledge. Lawyers, doctors, investment bankers, consultants, computer programmers, sales professionals, etc. All these people make money from specialised knowledge. But not al…
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Can you hate a company and still give them your money? It happens all the time. Take Facebook for example. Some people don’t use Facebook. They prefer Instagram or WhatsApp instead. But Facebook doesn’t care. It owns both Instagram and WhatsApp and will still get your time and money. Another example. Some people don’t like Coke because of its high …
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What kind of business do you want to build? The Indians and Lebanese, for example, are famous for building legacy businesses. The father builds a business that his kids can inherit and continue after he’s gone. As a result, they start getting their kids involved in the business from an early age. In America and Europe, the taste is different. Many …
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I know some businesses that have never spent a single $$ on marketing. Still, they keep getting more customers. How’s that even possible? How do they do it? It’s the oldest marketing strategy ever created by entrepreneurs, but it still works very well even till today. It’s a marketing strategy your competitors will find hard to copy. And even if th…
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It's a wonderful feeling. After working so hard on your business, you have finally raised money from an investor. It feels so good to have big money in the bank. Now, you can stop worrying about paying rent and salaries, and focus on growing the business. But there is a problem. There's a contract you signed with the investor. It was a 16-page cont…
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“I will give you a better price.” This is what many entrepreneurs say when they want to convince a customer to buy. By offering a lower price, you can beat the competition, right? But there’s a problem. Pricing is easy to copy. Most of your competitors can see what you’re doing and lowering their prices to attract customers too. And as a result, al…
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Good things take time. But we now live in a generation that sees patience as weakness and stupidity. We now live in an age of fast food, fast money, and fast results. Most people don't want to wait. We want the rewards right now. But building a valuable business takes time. It takes discipline, consistency, and patience. And for entrepreneurs who a…
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What do you do when your business owes a lot of money? You took money from people close to you. And you also borrowed money from the bank. You asked for that money because of the belief and confidence you had in the potential of your business. But then, some things went wrong. The market changed. The product didn't sell as much as you expected. Or …
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