Jun 30 2024 44 mins
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Welcome back to another exciting episode of Talking Business with Dr. Sandra. This week Dr. Sandra continues exploring the invaluable insights that can make or break your entrepreneurial or intrapreneurial journey. Picking up from where she left off last week, Dr. Sandra delves into the next ten critical lessons not often covered in business school.
This week's discussion kicks off with the importance of building a scalable and durable business model. Dr. Sandra emphasizes the need to avoid fads and ensure your business can adapt to changes in consumer preferences and market conditions. She provides practical examples and research-backed insights to illustrate the importance of scalability and durability.
Next, Dr. Sandra addresses the traits necessary for entrepreneurial success, such as drive, passion, and the ability to persevere through challenges. She underscores the significance of continuous learning, seeking mentorship, and the willingness to invest time in personal and professional development.
The episode also covers the importance of keeping operations lean, the necessity of building a strong team, and the value of partnerships. Dr. Sandra highlights the dangers of treating your business as disguised unemployment and stresses the need for a focus on growth and creating scalable systems.
Dr. Sandra shares practical examples and stories to illustrate each point, from the scalability of Amazon to the customer service excellence of Zappos and Nordstrom. She discusses the importance of delivering real value to customers, maintaining quality, and minding your margins to ensure profitability.
Tune in to gain practical wisdom and actionable advice to help you scale your business, deliver exceptional value, and build a legacy that lasts. Whether you're an entrepreneur or an intrapreneur, this episode is packed with insights to elevate your business strategy.
Don't miss out on this enriching episode of Talking Business with Dr. Sandra, and stay tuned for more expert advice in the coming weeks!