Assess your Entrepreneur Attributes

You find out that the art show you’re in has let in another vendor with a similar product. What do you do?

Increase your prices to improve perceived value.

Design new stuff so you’re certain you’re on top of your game.

Run a sale on your best items.

Festival management says that your lines are too long. What is your response?

Hire more staff.

Alter your menu so that some items can be sold faster.

Raise your prices.

You know something has to change in your business, do you:

Analyze P&L by category or department, making Pro/Con lists to decide where energy is best spent?

Work on your mindset and social circles for inspiration?

Brainstorm adjustments and improvements, mindmapping them to try and bring cohesion to the cluster of ideas?

You find yourself with lots of new customers but not a lot of returning customers. Do you:

Get conversational with your audience or customers and find out what they’re looking for.

Start grouping your product into families so customers can see how your product can be collected.

Add another product line into the mix.

You want to travel more often. Do you:

Land a remote work side gig so that you are location independent before plotting travel.

Take yourself on vacation, the money will show up.

Create a vacation experience wherever you are.

What is your blessing & curse in business?

Everyone wants to take me out to eat or for coffee to pick my brain for creative ideas

Everyone wants me to invest in their latest and greatest business venture

Businesses want to hire me to be a cog in their mechanism

Which would you rather:

Invest in a well-oiled successful franchise business with great data and history available

Create your own dynamic business based on your creative output

Take a great job you love with good healthcare and a 401k

You need to expand your team, do you:

Interview multiple people and get to know them and their strengths to see where they will best fit?

Pay top dollar in their market, and trust that only the best would show up charging that amount for their skills.

Interview for all the non-creative positions, because your vision drives this ship and you don’t have time to redesign what they may create.

You are ready for business expansion, do you:

Buy a business that you can run or hire crew to run

Scrutinize your list of strengths and team strengths to decide where expansion makes the most sense

Create a new side hustle to your existing endeavors. If it works it will become a department of your existing business structures.

You are tired of the lawn around your home, do you:

Start collecting bids and designs for a swimming pool and surrounding lounge space

Design multiple vignettes for the space, including options like cottage flower garden spaces, cactus or herb gardens, and koi ponds with fountains or waterfalls to limit mowing needs.

Do the math on what resources and costs are involved in the maintenance for the lawn, from sprinkler, to well & equipment maintenance, fertilizer, and labor. Then calculate that annual expense against the one-time costs of alterations before considering alternatives.

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