In your online makeup selling business, vision can be used in several ways.

Firstly, you need to have a clear vision of what you want your business to achieve. This could be in terms of sales, customer base, or brand recognition.

Secondly, your vision should guide your business strategies. For example, if your vision is to provide high-quality makeup products, your strategies should focus on sourcing the best products, providing excellent customer service, and building a strong brand image.

Thirdly, your vision can be used to inspire and motivate your team. Sharing your vision with your team can help them understand the direction of the business and their role in achieving it.

Lastly, your vision can be communicated to your customers to build trust and loyalty. Customers are more likely to buy from businesses that have a clear vision and values that align with their own.

Remember, your vision should be flexible enough to adapt to changes in the market and customer preferences.

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The Lean Startup

New business ventures are both exciting and risky. New ventures are risky as the main idea may or may not work, yet the chances of success are much gr...

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Most entrepreneurs have at least some sort of vision or goal in mind when launching a new venture. They use various strategies or business plans to reach that goal. Readers will learn here that one of the most important lessons is to avoid strategies based on untested theories. Testing theories means breaking down the larger vision into smaller pieces and finding the weakest elements. Readers will learn that experimenting while building a strategy is a better plan than waiting to release the "perfect" product to later find out there's no market for it.

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A company in a traditional sector like manufacturing or retail can apply the lean startup approach by breaking down their larger vision into smaller, testable pieces. They can identify the weakest elements of their strategy and experiment with solutions to strengthen them. Instead of waiting to release the "perfect" product, they can release a minimum viable product (MVP) to the market to test its viability. This allows them to learn from customer feedback and make necessary adjustments before investing heavily into production.

The ideas from "The Lean Startup" are highly feasible to be implemented in real-world scenarios. The book's core principle is to test and validate business ideas early on, which is a practical approach for any new venture. It encourages entrepreneurs to break down their vision into smaller, testable elements, and to experiment and adapt based on feedback, rather than waiting to launch a "perfect" product. This approach can be applied in various industries and business models, making it versatile and practical.

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