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James Sinclair's Business Broadcast podcast
An Honest Conversation on making this Business Work
Jun 24, 2024
Listen to this episode featuring an entrepreneur passionate about new ventures and existing businesses getting advice without resistance. Discover the importance of finding a lucrative market niche, debunking economic barriers, facing challenges in mental health storytelling, and balancing passion projects with profitability.
32:37
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Quick takeaways
- Identifying a hungry audience is crucial for success in building a profitable business.
- Adapting business strategies to cater to market demands leads to sustainable growth.
Deep dives
Challenges of a Pre-Revenue Stage Business
Starting a business in its pre-revenue stage can be challenging, especially when targeting corporate clients for mental health services. The podcast host emphasizes the importance of identifying a hungry audience as a key success factor in building a profitable business. He highlights the significance of focusing on what the target market wants and needs, rather than solely on personal passion or ideals. The speaker suggests that building profitable enterprises based on audience demand can provide the financial stability needed to support passion projects, like the mental health initiative discussed.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode