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The Mind Your Business Podcast

Episode 610: #BizTipFriday The 4 Phases of Online Business

Apr 28, 2023
Unveiling the 4 phases of online business growth with key strategies for each stage. Emphasizing personal growth for business success and the importance of recognizing your current phase. Insights on in-person event experiences and community support.
27:07

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Quick takeaways

  • Identifying your niche is crucial to set the foundation for your online business success.
  • Defining your product offerings and sales strategy are essential for sustainable growth and scalability.

Deep dives

Identifying Your Niche Alignment Phase

The podcast delves into the importance of recognizing the four phases of online business, starting with niche alignment. It emphasizes that without clearly defining your niche, you are merely playing at business, lacking direction and purpose. Using the analogy of playing Monopoly without choosing a game piece, the phase of niche alignment sets the foundational understanding of who you serve and how, crucial for business progress. To aid in niche identification, the podcast offers resources like a free guide with niche ideas and exercises to uncover your niche.

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