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Here’s what we will cover today:

• Sharpen your business strategy using market research

• Gain insights from 2024 entrepreneurs 

• Learn Peter Thiel's investment question

Quote of the Day

“The man who has confidence in himself gains the confidence of others.”
~Hasidic Proverb

Today’s Tip

After conducting the research for your business plan, the information from the research should inform the strategy you choose for your business.

Revisit the strategy you created before your research and dig deeper into decisions on appropriate marketing, operations, and hiring for the first five years of the company’s life.

Strategy generally pulls from the best practices of the industry but uses this only as a foundation on which to add very different activities that create a competitive advantage.

Today’s Resource

Make Investors Say “Yes!”

Successful plans share one thing: compelling market research. 

It’s what convinces investors your idea is worth their money. 

Growthink delivers everything you need from customer demographics to competitive profiles.

Win over investors. 

Trivia

Today’s Question: A self-confident businessman, what is the name of Jerry's father in Seinfeld?

Previous Question: Unsurprisingly, the Sam M. Walton School of Business is a school within what larger university?

Previous Answer: University of Arkansas

Since its founding at the University of Arkansas in 1926, the Sam M. Walton College of Business has grown to become the state's premier college of business – as well as a nationally competitive business school.

News

The question Peter Thiel asks every startup founder he invests in

9 Entrepreneurship Lessons from 2024

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