Businesses are constantly looking for a way to get a smart start or a competitive advantage over their competition. In a world noisy with people trying to gain the attention of others, you may have to be more creative and strategic to accomplish those tasks.
There are many ways you can gain a competitive edge, but in order to get a smart start, you must remember that patience is king. This strategy you will benefit most from is simple and easy to understand, but not very many people do it. It is about being “the last man standing” that will be the strongest edge you can have.
If 8 out of 10 businesses fail within the first 18 months, then you can simply run a good business, not spend a dime on getting the competitive edge, and your competition will eliminate itself. Allow your competitors to crash and burn all by themselves and grow your edge the smart way.
You can gain an advantage by understanding your clients and delivering the kind of experience that helps them feel a connection between your message and their needs. You must be willing to walk in your clients’ shoes every day. Not in just the beginning, but for the entire time you have your business. Walk in their shoes constantly and you will have an edge most businesses don’t. Your clients hold the key to your longevity as a business owner. The more you understand their pain, behavior, values, desires, dreams, and what they are trying to accomplish, you will have the edge.
You will need to understand your unique message and why your solution is the best. Entrepreneurship is no longer just about competing and getting an edge. It is more about creativity, problem solving, and providing winning solutions.
We live in a world that is deeply entrenched in one of the biggest changes in history. Right now most people are realizing that you have to become an entrepreneur in order to have a job because robotics and artificial intelligence (AI) are eliminating their current positions. If your solution can deliver results for them, you will have an edge.
Finally, if you want to get a smart start and a strong edge in business, you and your team will need to move swiftly without spending or borrowing tons of cash. You will have to know what your secret sauce is and what methodologies you are going to use to deliver it. Becoming a lean business owner is important. Bootstrapping skills will provide you with a strong edge because most businesses fail as they are creating too much debt before generating enough income and they go belly up.
To get your edge in business, nothing beats consistent efforts and client care. And don’t forget a well-designed, strategically positioned, leadership-led organization that is fired up about their message and the difference it makes in the world. If you want to get the edge, you must set the bar high and be the bar that other companies must meet. If they can’t, they will eliminate themselves.
Vickie Helm is a bestselling author, business and asset strategist, and the CEO of Smart Group Firm. She has improved the success of more than a thousand companies and the lives of thousands of individuals throughout her career. You can learn more about Vickie at https://smartstartstrategies.com or https://vickiehelm.com.