💬 Show Notes

In this episode of Business Strategies, Holly Silva delves into the wisdom of diligence in contractual agreements, a skill that can make or break your business endeavors. This insightful guide is perfect for professionals and small business owners seeking to avoid signing contracts that they would later wish they had considered differently. Holly discusses the intricate dance between risk and reward, offering advice on how to balance the entrepreneurial spirit with pragmatic decision-making.

Discover the importance of aligning choices with personal values and business missions, understanding the financial implications of your decisions, and the power of walking away when a deal doesn't serve your best interests. Holly shares real-life examples, including a cautionary tale about merchant services and the high cost of ignoring your gut.

Equipped with two key points and five critical questions, you'll learn to evaluate potential agreements with confidence. Whether you're a seasoned entrepreneur or just starting out, this episode is a must-listen, providing the tools to navigate the treacherous waters of contract negotiation with grace and wisdom.

For those who want to dive deeper, Holly offers a personal invitation to connect for strategic business coaching or to grab her free new business checklist. Tune in to fortify your entrepreneurial journey and share the wealth of knowledge with others who might benefit. Your path to successful business contracts starts here!

✍️ Episode References

Holly Silva's Website
https://www.hollysilva.com

Free New Business Checklist
https://www.hollysilva.com/checklist

Episode Chapters

(00:00) Introduction to the importance of contract negotiation in business

(02:15) The role of contracts in business success, stress, and enjoyment

(04:00) Realistic expectations and the risks of entrepreneurship

(06:45) Tips for keeping your wits about you when starting out

(08:30) Five questions to ask during contract negotiations

(10:22) The impact of financial mismanagement on business failure

(12:15) How to consider best and worst-case scenarios in business deals

(14:40) The importance of clear, upfront communication in agreements

(16:20) Holly's personal invitation for coaching and resources

(17:55) Closing thoughts and call to share the episode with others

Show notes created by https://headliner.app

Are you ready to transform your 800 million dollar business idea from a shower epiphany to a market sensation? Join Holly Silva as she unveils the nine fundamental steps to clarify the problem your business idea solves. From market research to developing a value proposition, this episode is a treasure trove for professionals and small business owners determined to make their entrepreneurial dreams a reality. Tune in and equip yourself with the insights to ensure your vision doesn't just sparkle in your mind but thrives in the marketplace.

✍️ Episode References

Holly Silva's Website
https://www.thathollysilva.com

Google Trends
https://trends.google.com

US Census Bureau
https://www.census.gov

International Trade Administration
https://www.trade.gov

IBISWorld
https://www.ibisworld.com

Interaction Design Foundation
https://www.interaction-design.org/literature/topics/empathy-mapping

HubSpot
https://blog.hubspot.com/service/beta-testing

SurveyMonkey
https://www.surveymonkey.com

Survey Planet
https://www.surveyplanet.com

Typeform
https://www.typeform.com

Jotform
https://www.jotform.com

📋 Episode Chapters

(00:00) Business strategies podcast for professionals and small business owners focuses on fundamentals

(02:43) IBIs world provides in depth industry research on thousands of industries worldwide

(03:19) Every business serves a specific audience and. The business, you've probably gotten a

(06:16) What solution is currently unavailable or inadequate to your ideal audience

(09:23) Step seven is to develop your value proposition for your solution seeking

(10:17) Stay flexible and adaptable as you develop your business model

(11:10) Collaboration can be an invaluable source of support on your entrepreneurial journey

(11:43) Nine steps to help you solve problem that you solve through your entrepreneurial endeavors

Holly Silva, the voice of wisdom for aspiring entrepreneurs, takes you through the critical steps of starting a successful business. Whether it's online or brick-and-mortar, product or service-based, Holly's strategic guidance covers everything from niche marketing to insurance needs. If you're a small business owner, Stay-at-Home parent, or someone with a passion for creating impact, this episode is packed with valuable takeaways to help you launch and grow your business with ease and efficiency.

✍️ Episode References

Holly Silva's Website
https://www.thatshollysilva.com

Paradigm VA
www.theparadigmva.com

Google
https://www.google.com

Apple
https://www.apple.com

Android
https://www.android.com

Wix
https://www.wix.com

Yelp
https://www.yelp.com

Google Business
https://www.google.com/business/

Google Keywords Tool
https://ads.google.com/home/tools/keyword-planner/


📋 Episode Chapters

(00:00) This episode focuses on the essential steps and requirements for starting a business
(02:20) The first step in market research is figuring out who your audience is
(03:53) Niching down is the idea of narrowing down your target audience
(05:26) I'm going to share with you the yellow car theory
(06:12) Your ideal customers and your referral base should be clear on what they want
(08:06) Industry trends and consumer preferences fuel innovation
(09:57) Product and service development can help minimize refunds or chargebacks
(12:49) If you have an online business, you've got to be online
(15:27) Put yourself in your own shoes and think about a time when you have a problem
(16:33) Your storefront and your online presence are part of your marketing and brand
(24:18) Online marketing and offline marketing are two different strategies
(30:25) You're going to want to protect your assets, including your business