10 Business Tips and Strategies For Entrepreneurial Success

December 29th, 2010 - By TheEditor

9.     Keep In Touch:

"African American Entrepreneur"

While you’re looking to increase revenue and attract more customers, reach out to previous customers to encourage them to buy again. Keep in touch by emailing them a company newsletter, promos or upcoming sales; send a coupon, give them a call or even send a text message.  Of course, don’t over do it and turn your customer into someone who doesn’t want to deal with you.

10. The Law of Productivity:

"black entrepreneur productive"

In response to the law of attraction, which essentially teaches that all you have to do is have faith that good things will happen to you and your company, Lee says he created his own law to say “you can be as positive as you want but you have to get your hands dirty.” Think positively but realistically, he adds. To be successful in business, you must put in the hard work and outwork your competitors.

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  • Robert Rainer, MD

    Learn the secrets of wealth. Read, "A Doctor's Guide to Wealth" by Robert Rainer, MD. Available on amazon.com kindle ($6)

  • Kayla

    Nice article but totally disagree about having low prices. So should Hermes have charged $3 for a bag when they first started and then bumped their prices up? That's nonsense! Businesses should price themselves based on the quality of product or service that they provide- competing on price is silly because customers will almost always pay more for a great product or service.

  • http://RaisingCEOKids.com Sarah Cook @RaisingC

    Great lessons on entrepreneurship! I will be sure to share them with the Raising CEO Kids community and the mompreneurs that I coach!