Strategy & Change in Business And How You Can Benefit

Change is a constant challenge for any business and being able to adapt and manage change successfully are key for any entrepreneur, Charlie is asking the challenging questions and Fredrick shares his extensive expertise and experience of how change can benefit your business if you have the right mindset and can adapt positively, listen in to find out more.   KEY TAKEAWAYS What things might change? The number of things that may change are limitless, everything is moving constantly and being able to adapt to change is vital. How important is your mindset in adapting and managing change? Any challenge can be viewed in a number of different ways. This is dependent on the mindset of the individual facing the challenge. Is it important to believe in what you do? It is vital to like and believe in what you do. It is only when you believe in what you are selling and doing that you can grow and be successful. How can you survive change at a strategic level? As an entrepreneur it can be easy to get involved in the detail and lose sight of the overview but it’s key to have an overarching  strategy and goals for the future. There will be multiple events that are tactical in moving towards the ultimate goal. In which way do platforms disrupt or destroy old markets? You can provide value by being a piece in the puzzle, the connector. Customers are able to connect with products they would not have found otherwise How and where can you get inspiration on how to update your business? You must invest in yourself and look to others. You can keep educating yourself and join a mastermind group. Feedback from customers can help you to evolve over time and being open minded will help you to pick up new ideas. Why is it difficult to have a competitive edge? It is always difficult to be in the position where customers think of you first. Your competitors are all competing for this position. Creating an ecosystem of solutions that make it easy for the consumer will give a business a competitive advantage. How can you to adapt to fast change in business? If you are an innovator and disrupter you will be the person who comes up with a great idea, but it is the adopters, those who copy and refine an idea who are more likely to be successful. You can take a problem and focus on the solution being a positive experience. Most people are happy to pay a small premium for something that is much better.   BEST MOMENTS ‘How other people talk about you makes a huge difference’ ‘I’ve learned so much from working with other people’ ‘Would you like to have nothing or a lot more than nothing’ ‘Changes are all around us all of the time’ ‘Hopefully he’s going to be spitting out some good answers so you can learn’ VALUABLE RESOURCES Invest in You Podcast Sandvall YouTube   ABOUT THE HOST Serial entrepreneur Fredrik Sandvall loves sharing ideas and interviewing world-class entrepreneurs and influencers. Invest in You is about investments, entrepreneurs, personal development and doing fun things. He hopes to ensure you take action, helping others and yourself, plus enjoy the journey we call life.   CONTACT METHOD Contact Fredrik Sandvall – Invest in You  https://www.linkedin.com/in/sandvall/?originalSubdomain=uk  https://sandvallinvest.com/  https://www.facebook.com/FredrikinLondon