Connect with us

Hi, what are you looking for?


Business Strategy Tips and Tricks for Every Entrepreneur

Here at Bold TV, we like to give our viewers the business advice they need to be savvy and successful. Starting a business is difficult, and everyone has two lingering questions: How much money do I need to get started? And how do I get started? Heather Simone joined Philip Michael on Bold Business to discuss business strategy.

How much do you need to get started?

“You just need $500 to get started,” Simone said. Why is this the case? Well, because technology has made business and marketing easier than ever before, especially with social media. Before, you would have to make phone calls and meet with different people — maybe investors — to get started. But because of social media, you can reach many in an extremely short amount of time for a small amount of money. In addition, you can meet people in your niche who can give you advice, which wasn’t a possibility before.

Knowing your “genius zone” 

What is the “genius zone”? Sounds like a cool place to be! So, how do I get there? 

Simone said everyone has a genius zone, which is unique to each entrepreneur. The genius zone is when you know three things: You’re good at it, you’re passionate about it, and it’s profitable. If one of these three things is missing, don’t pursue the idea. The motivation to work on your business is dependent on these pillars. If it’s unstable, you may lose the will to continue on your endeavor. Knowing your skillset, passion and profit probability will make the process a lot easier.

7-figure algorithm

Whatever you want to do — if it’s real estate, a restaurant or technology — there is an audience and a niche market out there. So, the first step in business strategy is to identify your client base. (It may not be in your area, so do your research.) How much value will they bring you for your services? If your client base times your value of service — (Clients/Customers * Service Value) / Costs = Profits) — is greater than a million dollars, congratulations. You have a million-dollar idea.

For more “bold” business advice, check this out.

12 hours ago
The Norwegian Women’s Beach Handball Team Was Fined for Wearing Shorts. -
13 hours ago
New Infrastructure Bill: Why the Crypto Community Is Not Happy -
14 hours ago
ScarJo vs. Disney: Why This Lawsuit Is so Significant -
15 hours ago
The Olympics aren't getting the viewership it's used to. But, thanks to social media platforms like TikTok, Instagram, and YouTube, fans can see highlights and behind the scenes of the games.
Are you watching the games? If so, how?
16 hours ago
Should A Vaccine Be Mandatory? Here’s the Deal -

You May Also Like


A new Starbucks location isn’t just a bat signal for coffee drinkers. It is also an indicator of growing real estate values in the...


I am a Robinhood user. I downloaded it to enter the world of investing. Some of my friends from college recommended it because it...


It’s almost been a year since the statewide lockdowns began to spread across the country. Since then, qualified Americans only received one stimulus payment....


Have you ever heard that Denmark is the happiest nation in the world? In this segment on happiness, we hear from our guest host...

Copyright © 2021 Bold TV. Bold TV is owned and operated by GenBiz Inc. a 501(c)(3) non-profit organization.