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The Sky is the Limit - How to successfully scale your business

07/04/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
This book provides a comprehensive and practical guide on how to successfully scale your own small business. It contains a number of different strategies on how to build and design your business to grow sustainably and become increasingly successful. Topics covered include: developing a scaling strategy, finding the right business culture, implementing processes and systems, leveraging technology and social media, developing an effective marketing plan, and much more. In addition, the psychological side of entrepreneurship will also be addressed. Useful tips and tricks for dealing with the challenges of entrepreneurship are also provided. At the end of the book, the most important points are summarized again and some more useful resources for further research are presented.
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No time for pointless inquiries - How to find the right target group through the right positioning, address them and turn them into desired customers

06/24/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In order to find the right target group, address them and turn them into desired customers, it is important to choose the right positioning. This involves developing a strategy to define the company, its products and its services to the target group and make them unique.

First, identify your target audience so you can find the right positioning. Determine who your target audience is and what their needs are so you can choose the right strategy to appeal to them.

Once you have identified your target audience, you can focus on positioning. Identify your strengths and weaknesses and focus on how you can stand out from your competition. Define your brand identity and decide how you want to represent your brand.

Next, develop a strategy for your positioning. Create a brand positioning strategy that will help you reach and influence your target audience. Develop a unique message that will attract target audiences and decide which channels they can best use to spread your message.

By following these steps, you can develop effective strategies to find, target, and convert the right audience into desired customers.

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Win new customers

06/14/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Many founders and businesses struggle to regularly attract new customers to your offering. Have the following points in mind to develop the right new customer acquisition strategy:

1. Create an attractive and appealing offer.

2. Build a network and use social media to promote your business.

3. Create a rewards program to reward the loyalty of your existing customers.

4. Offer free or low-cost trials of your products or services.

5. Create an engaging email marketing campaign.

6. Run sweepstakes and contests.

7. Use affiliate marketing to spread your offer to new customers.

8. Offer discounts to customers to encourage them to buy.

9.Build a testimonial program to spread the word about your business.

10. Develop a strong online presence to make your business more visible.

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What is Marketing?

06/13/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Marketing is a process that enables companies to market their products or services to customers by creating a brand that advertises them, improves their image, and increases sales. It involves analyzing customer needs, developing products and services, creating marketing strategies, and implementing promotional activities. Marketing is an important part of the business process as it helps to increase sales and attract new customers.
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What are the biggest mistakes when buying / acquiring a company?

06/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Insufficient due diligence: the company analysis before the purchase is one of the most important elements in the acquisition. Without thorough due diligence, unforeseen risks and liabilities may go undetected.

2. Insufficient insight into financing: In order to execute a successful acquisition, companies must carefully review financing risks. This includes a review of capital requirements, funding sources and use of funds.

3. Unclear understanding of the target company's culture: when a company acquires another, it needs to understand what the company's culture is and how it can be integrated into its own business.

4. Unclear goals: A successful business acquisition requires clear goals and a successful plan to achieve those goals. Without a clear understanding of the goals and the strategy to achieve them, it is difficult to successfully implement the acquisition.

5. Inadequate legal advice: a company should always hire a qualified lawyer to ensure that all legal principles are followed correctly.

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