Starting A New Business? 5 Tips To Strategically Position For Success

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Start A New Business,Position For Success,Position Your New Business Strategically

Melissa Houston, CPA covers business and personal finance impacting women entrepreneurs. With her CPA designation and over 20 years of practical experience, Houston is widely regarded by her expertise in financial management. Houston shares her knowledge and experience with Forbes.com readers and has done so since August 2020.

Starting a new business is exciting, yet challenging. While passion and a great idea are critical, they aren’t enough on their own to ensure success. If you want your business to grow, thrive, and eventually1. Identify a Profitable Niche. It’s not enough to simply have a great product or service idea. You must ensure that there is demand for your offering.

Your UVP should be at the core of your marketing, sales, and branding efforts. It’s how you show your audience the unique benefits of choosing your business over others.Understanding your ideal customer is key to crafting effective marketing strategies and growing your business. Who are you trying to reach, and what do they care about?

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