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Business Strategy: How can one build his or her business
ES
ES
Eden Somto, Business strategist |Facebook and Instagram Ads| answered:

Building a business requires passion and planning:

1. **Find your niche:** Solve a problem you're passionate about.
2. **Plan your success:** Craft a business plan with competitive edge and financial projections.
3. **Secure funding:** Bootstrap, seek loans, or pitch to investors.
4. **Handle legalities:** Choose a business structure, obtain licenses, and understand taxes.
5. **Market & sell:** Develop a marketing strategy, build a sales funnel, and establish your brand.
6. **Build your team (optional):** Fill skill gaps by hiring or outsourcing.
7. **Launch & iterate:** Launch a minimum viable product (MVP) and continuously improve based on feedback.
8. **Track & analyze:** Set KPIs and use data to make informed decisions.

**Bonus tips:** Network, stay informed, be patient, and embrace challenges!

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https://clarity.fm/edensomto/regular220

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