Podcast Summary
Adapt and pivot to succeed in 2021: Quickly adapt to market changes, shift to online business models, and keep costs low to increase profit margins during economic downturns.
To be a successful disruptive entrepreneur in 2021, it's essential to pivot and adapt quickly to the market, stay ready for change, and shift from physical to online business models to scale from local to global. By doing so, entrepreneurs can keep costs low and increase margins significantly, even during challenging economic times. For instance, during the 2020 lockdowns, many businesses experienced a decrease in turnover, but those that were able to adapt and pivot online saw their profit margins increase threefold. So, be ready to mix things up, change the game, and dominate your industry.
Expanding globally during a crisis: Leverage partnerships, translatable systems, and social media to grow your business during challenging times and reach a global audience.
The challenges brought about by the pandemic, such as lockdowns and potential recessions, could lead to significant growth for businesses. This growth can be achieved by expanding global partnerships, implementing translatable systems for outreach, and utilizing social media and media partnerships to reach larger audiences. Additionally, becoming a millionaire is now more achievable than ever before, as the world moves faster and entry points to global markets continue to emerge. By attending the Facebook live event and following the strategies shared, businesses can learn how to build a fully online, globally scalable business.
Expanding Your Business Globally with Online Assets: Leverage online assets like podcasts, social media, and books to reach a global audience, expand with lower costs and higher margins, and form global partnerships for effective outreach.
In today's rapidly changing business landscape, it's crucial to be adaptable and pivot quickly from local to national to global markets. This can be achieved by setting up online assets such as a podcast, social media channels, and writing books. By doing so, you can reach a global audience and expand your business with lower costs and higher margins. Additionally, creating global partnerships, implementing effective systems for outreach, and utilizing the right media are essential for scaling your business on a global level. It's important to remember that entering a global market doesn't require setting up physical retail outlets and infrastructure in every country, but rather leveraging online assets to reach a wider audience with lower risk.
Staying informed is worth the risk: Missing updates can hinder comprehension and understanding. Prioritize staying informed to gain deeper insights and opportunities.
If you want to stay updated with the latest information and insights from a particular source, it's worth the risk to not miss any updates. This was emphasized in our discussion, as missing even one piece of information could lead to a lack of comprehension or understanding of the bigger picture. It's important to prioritize staying informed, even if it means making a small sacrifice, such as setting aside extra time or adjusting your schedule. By doing so, you'll be able to gain a deeper understanding of the topic at hand and stay ahead of the curve. Additionally, being informed can lead to new opportunities and insights that may not be readily available to those who are not up-to-date. So, remember, if you don't want to miss out on valuable information, it's worth the risk to make sure you don't.
