What if you are pre revenue?

If you are pre-revenue, it means your business hasn't started generating income yet. This is a common phase for startups and new businesses. During this phase, your focus should be on developing your product or service, identifying your target market, and creating a solid business plan.

You should also be working on your business strategy, as discussed in the book "Playing to Win: How Strategy Really Works". This includes identifying the most profitable markets, understanding consumer segmentation, and determining the most effective channels for distribution.

Remember, being pre-revenue is not necessarily a negative state. It's a phase where you have the opportunity to lay a strong foundation for your business. However, it's crucial to have a clear plan for how you will generate revenue in the future.

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How can you answer these questions?

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Answering these questions requires a deep understanding of your business and its environment.

Firstly, you need to analyze your market geographically. Identify where your most profitable markets are and where your firm has expertise.

Secondly, understand what product types are in demand and which ones can give your firm a distinct advantage and high margins for a long period.

Thirdly, segment your consumers and identify the most attractive segment.

Fourthly, identify the most effective channel for reaching your customers.

Lastly, consider the benefits of expanding operations into different levels of the value chain.

Remember, the goal is to develop a winning strategy for your organization. This involves making informed decisions based on a thorough understanding of your business and its environment.

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Playing to Win: How Strategy Really Works

Are you playing the game or are you playing to win? Develop a winning strategy for your organization...

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