Help Others get What They Want You'll get What You want - 77/101 Entrepreneur Mistakes & Lessons

Entrepreneurship is about solving problems, and the more you help others get what they want, the more they'll give you what you want, and that could be money, respect or influence.If you want to get rich; then give others what they need and they'll make you rich. Solve peoples' problems and they'll make you rich.Looking back at the invisible hand principle: if the baker wants to get rich, then he could bake more bread, make it cheaper or make different kinds of flavors. By making it cheaper, he can sell more break. By making more bread, he can sell to more customers. And by making new kinds of bread, he can charge more for the unique flavors.The more you give people what they want, the better. In every business, you need to figure out what kind of problems can you solve. Also, when you think about it: an asset is really just an excuse for someone to pay you money in exchange for a service or a goods.Define different customer personas and understand exactly what they may want, and then give it to them in your business. Understand and create different kinds of people that you can appeal to in your business.For example, let's take the baker analogy: "". Maybe they'll like some cinnamon bread, or maybe they just want more bread. Perhaps make the pretzels unviable for them. Etc.When you understand your customers and know what they do not want and what they do want, then you can create the perfect products for each customer type.Remember: the more you give people, the more they can give you. The more problems you solve for other people, the more they'll reward you.Question of the day: what are you doing now to help people get what they want?There are another 100 mistakes that I made here.