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Transformational Approach to Building a Business: Factors Determining the Success of a Business
Episode 347th April 2023 • Business Veda • Malay Damania
00:00:00 00:14:50

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“It takes time to establish and give shape to your business. Lay a strong foundation and allow it to mature” - Malay Damania.

Do you want to know how long it takes to build a profitable business? Are you confused about whether to focus on the top line, or is it the net profit of the business you should worry about?

In this episode, your host Malay Damania explores the factors determining the timeline of a successful business and what you can do to accelerate the progress.

 Key Takeaways

  • Every entrepreneur must develop a comprehensive business plan that includes their goals and visions, product strategy, financial model, marketing strategy, sales strategy, and operational plan.
  • All entrepreneurs must focus on developing a unique value proposition that addresses a specific need in the market.
  • It is vital to build a solid team gradually. Hire the right people with the proper knowledge, skills, and attitude.
  • Create a positive work environment that fosters creativity, collaboration, and innovation. It is necessary for establishing a high-profit business.
  • A profitable startup must leverage technology to automate business processes, streamline operations, and improve efficiency.

Listen to the entire episode as your host shares the key factors of building low- investment, high-profit franchises.


Buy Malay’s book - Business Champ

Malay Damania conducts business mentoring and coaching sessions to help small and medium business owners, startup founders, entrepreneurs, and CEOs to get past their stagnancy in business to move into a growth trajectory.

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**This show is produced and managed by Done For You Podcasts, full-service podcast launch and management company**