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Value creation is your new superpower
The most successful people have one common superpower
Skills, skills, skills. Building an online business is hard. And if you want to be successful, you need to constantly learn new skills.
But did you know, that most successful people have one common superpower?
THE IDEA OF WEEK
Why Value Creation Is Your Superpower
Some people have a magic touch when discussing business. It seems like everything is simple for them, so simple that they can build multiple successful businesses whenever they want.
The truth is that there are many skills you must master, but there is one special skill that can make or break the success of your online journey.
It’s called value creation.
And it is a simple process of turning resources and efforts into products, services, or experiences that customers perceive as valuable and worth paying for.
In fact, the value creation process can be summarized in a simple principle.
Find a problem that needs solving
Think about how to solve the problem
Make a better solution than what is already available
Tell people about the solution
Listen to feedback
Sounds easy, but it is harder to implement in practice than it is on paper.
However…
It is always about understanding what people want.
Knowing what people want and creating value for them is a superpower you can discover within yourself.
SOLOPRENEUR SPOTLIGHT
The $5 Outfit That Sparked a Six-Figure Side Hustle
Sometimes all you need is an idea.
It doesn't have to be complicated.
Meet Sophie, a college graduate who turned her passion for thrift store shopping into a highly profitable online business.
By the time she graduated, her dorm room reselling business had generated $123,800 in sales. Today, she operates from a storage unit with a massive inventory of 1,300 items and is projected to make half her income from this side hustle.
To get started, Sophie recommends a few things:
Focusing on a niche you know and love.
Building inventory
Staying organized
Asking for help when needed.
With minimal upfront investment, anyone can start their own online reselling business by buying an initial $5 item and using the profits to reinvest in more inventory.
Sophie's success story demonstrates that with motivation, smart shopping skills, and a bit of help, anyone can turn a small side hustle into a six-figure income.
PRODUCTIVITY HACK
The Eisenhower Matrix
How do you prioritize tasks when things become chaotic?
What about trying to use the Eisenhower Matrix?
It is a time management and prioritization framework that helps you categorize your tasks based on their urgency and importance.
It was developed by Dwight D. Eisenhower, the 34th President of the United States.
The key principles of the Eisenhower Matrix are: Urgent vs. Important:
Urgent tasks require immediate attention and have deadlines. They are often reactive and interrupt your workflow.
Important tasks contribute to your long-term goals and values. They may not have immediate deadlines.
The matrix consists of 4 quadrants:
Do First (Urgent and Important): These tasks require your immediate attention and should be done first.
Schedule (Important but Not Urgent): These tasks are important but don't have immediate deadlines. You should schedule time to work on them.
Delegate (Urgent but Not Important): These tasks are urgent but not important for your long-term goals. You should delegate them to others.
Don't Do (Not Urgent and Not Important): These tasks are neither urgent nor important. You should eliminate or avoid them.
The goal is to spend more time on the important tasks (quadrants 1 and 2) and less time on the urgent but unimportant tasks (quadrant 3).
This helps you focus on what's truly valuable and productive rather than just reacting to immediate demands.
The Eisenhower Matrix is a simple but powerful tool to help you prioritize your time and tasks more effectively.
Running a solo business is challenging. It requires constant learning, improvement, and staying informed about the latest trends.
The reward can be life-changing.
So, stay ahead, stay informed, and stay focused.
And have a nice day,
Miroslav from The Growtharo Alert
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