“Success is walking from failure to failure with no loss of enthusiasm.”
One of my favorite quotes ever is from marketing expert Jay Abraham which goes, “Your customers are geniuses; they know exactly what they want.”
By spending more time listening to the needs of your customers, you will create better products and services than your competitors.
Understanding your customers can give you lasting competitive advantage. Figure out ways to constantly get feedback from your customers and incorporate it into your strategies and you’ll be the leader in your market.
Is Your Business at Risk of Failure?
Most businesses fail — they die a premature death. I hate to be so blunt, but this is the truth. The only thing that varies is just how many businesses fail.
What’s the number one cause of this failure?
Well, according to Dun & Bradstreet, the primary cause is lack of strategic planning.
Entrepreneurs and business owners don’t plan to fail. Rather, they fail to plan (which causes them to fail).
Today’s Question: How much was the creator of the now-famous Nike Swoosh symbol paid for the design?
Previous Question: What business was Ferruccio Lamborghini in before he started manufacturing his now famous Lamborghini automobiles?
Answer: Ferruccio Lamborghini made tractors until he went to Enzo Ferrari to complain about a Ferrari he bought. Lamborghini felt snubbed by Ferrari and decided to get into the sports car business.
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