Fun Facts for all entrepreneurial spirits
- You’ll never work 9-5 again. YAY!!!! Your typical work day will be more like 16 hours a day, all hours of the night, 7 days a week…. fortunately, it won’t be forever, but it MAY be for years.
- SURPRISE!!! Your first shot at launching your product or business will most likely fail.
- “I will learn from my mistakes” will become your daily mantra
In todays email:
- Are you secretly struggling to make ends meet?: 3 things you can do to get cash FAST and generate a buzz for your biz
- How to stand out in a crowd: Claim it, name it, mark it as your own.
- Innovate + Execute: What if everything in your industry shut down tomorrow? Do you consider your options and can you pivot on a dime?
Check it out! A sweet recipe video for ya ⤵️ Consider investing in video content. It gives you material that can be recycled & builds brand recognition for years.
Wylder Space Red Wine Braised Short Ribs
This is "Wylder Space Red Wine Braised Short Ribs" by John Valenti on Vimeo, the home for high quality videos and the people who love them.
vimeo.com/514035795
Trending
3 biggies to capitalize on in 2024, if you’re in a financial pinch.
- Pop up restaurants Struggling to pay the bills? Consider opening your doors to fellow foodies on the days you’re closed to the public. Food entrepreneurs get to showcase their concepts and test the market, before signing up for long term leases and heavy over head. You get to charge an hourly rate or take a percentage of their sales. It’s the wave of the future for offsetting costs.
- 4 hr work weeks are a better bang for your buck. You’re more likely to succeed when you follow the data. Your customers will tell you when they’re most likely to spend money. Don’t waste your time being open if the sales don’t support the labor/ food costs.
- Immersive dining experiences: Imagine pouring your heart and soul into a concept, only to realize your blood, sweat and tears are barely keeping the lights on. Immersive dining experiences are a fancy name for “catering”. You can do it off site or on site at your establishment, curating unique and boutique experiences for your guests. Bring in local vendors and artists to enhance the dining experience. You can personally test the market for new concepts, offer pre-sale tickets (so you know how many guests to prepare for) & it keeps things innovative for your guests, which is ultimately, the name of the game.
Define your Niche, Stake your Claim
Council Post: 7 Ways To Stand Out And Thrive In A Saturated Market
If you're trying to break into a crowded market, these 7 tips can help you thrive.
www.forbes.com/sites/forbesbusinesscouncil/2022/07/25/7-ways-to-stand-out-and-thrive-in-a-saturated-market/?sh=4a30d4e76fa2
Innovate & Execute
What if you could no longer make money doing what you’re doing right now? What would you do?
If you generate 80% of your revenue from 1 or 2 clients, product or service, diversifying will protect your company long term.
You never know what can happen in the future. Lose your bread and butter, and you’re upside down, overnight.
Our business rely heavily on 2 main revenue streams and that worries me for long term sustainability. If one of them went away, what would we do?
Below is an example of how I’ve been brainstorming on diversification at Wylder.
Wanna get some cool free stuff? Welp, you can! Networking, referrals, promotion and collaboration are integral skills we need as business owners. Promote others, get promoted. We choose collaboration over competition.
If you click on the button below you’ll see 3 giveaways we’ve got for you. I’m currently working on a course for young entrepreneurs, FREE to all you peeps who are interested in growth mindset and getting OUT of your business to work ON your business.
We need all the help we can get and it’s the least I can do to get the word out there about Wylder, the Entrepreneurial Spirit’s mentorship program & our grassroots on- line community of likeminded peeps.
Until next time you guys,
It’s an honor to cook for you, work with you and support each other in the entrepreneurial game. xoxo
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