Why Most Entrepreneurs Fail
It is simply because THEY ARE NOT FOCUSING ON SELLING OR MARKETING THEIR PRODUCTS OR SERVICES. There are 2 areas in business as Patrick David, the author of the video, shared. The first one is sales and marketing, which he referred to as the Front end and the other one is the system or automation, which he referred to as the Back End. And in the video he said to focus first on the front end, which is so true, when we started High6.com a Philippine Website Development company, we didn’t have any systems in place. What we first did is to come up with a website development package and start selling it. And thru time we were able to increase our customer base and become stable and have enough money to pay for the operating costs. That’s the time we sit down and refine our back end and check how we can further improve the efficiency of the company.
Our experience goes like this:
- Get as many clients as we can
- Learn as much as we can from our experiences with clients’ projects
- Improve our process and become more efficient
You may check Patrick Bet David website http://www.patrickbetdavid.com, they have a lot of tips for Entrepreneurs such as the video below: