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6 Success Tips Entrepreneurs Need to Know

Entrepreneurship can be one of the most exhilarating lifestyle choices to pursue. Entrepreneurs thrive in all kinds of different ways. Some entrepreneurs love finding new opportunities, creating and establishing successful businesses, and then moving onto the next thing.

Some entrepreneurs are one-business only, who just happen to start the right business at the right time for the right market. Others like Elon Musk are inventors, always pushing themselves to learn more and do more.
 

However what binds them together is having a solid knowledge base before they even started down the path of becoming the best entrepreneur they could be.

If you’re about to start your entrepreneurial journey and you’re looking for some inside knowledge, here are six success tips all entrepreneurs should know.

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6 Ways to Productize Your Services to Boost Revenue

The service industry is facing a big blow during the COVID-19 pandemic. This is in sharp contrast to earlier recessions where manufacturing was the first to take a nosedive. A record 659,000 service jobs were lost in March alone. This is why if you make efforts to productize your services, you can boost revenue and keep your business thriving during the pandemic.
 

The other reason why productizing services is helpful is it enables entrepreneurs who are stuck because they simply cannot take more clients on a one-on-one basis. This means they have hit a ceiling when it comes to the number of clients they can take on at any one time as well as the maximum revenue they can make from their business.

This is where productizing their services come in. It enables them to shift from a linear to a leveraged source of income. What this means is that you get paid many times over but you only do the work once. There has never been a better time for service businesses to learn and grow by productizing their business.

Let’s back up… What exactly is productizing? When you productize your services you are selling a service that is packaged. But how can a service be offered in a package? Here are five ways to make sure your package your services to generate more sales during uncertain times.

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