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Overcoming “The Dip” as an Entrepreneur

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Episode from StartupNation Radio Channel: Marketing

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On every entrepreneur’s journey there’s a phase that’s scary, challenging, filled with questions and uncertainty, and, as best-selling author Seth Godin will tell you, crucial to your success. He describes this period as “the dip” – which a business owner must get past to become a winner.

The Dip” is Seth’s most recent book—simple, short, and very helpful—and it explains why a dip in your entrepreneurial path is a blessing in disguise. If you get past it, you’re on your way to glory. If you get stuck in it or can’t endure it, quitting may just be the preferred path. Yes, quitting might actually be a good thing.

In our interview with Seth, learn how The Dip sheds light on scarcity, being the best at what you do, and effectively determining if you’re just slogging through the tough times on your way to success or stuck in a no-win situation.

Take heart - one thing we agreed on was that entrepreneurs can leverage dips to put up an insurmountable barrier between them and new competitors.

Fans of Seth Godin and StartupNation Radio called in to the show to ask questions about the Dip and how it applies to them. See if their questions and Seth’s answers apply to you.

Comments

As a high end custom furniture maker , self employeed for over 28 years. I seem to be constantly either in a dip or coming out of one. What is the secret to maintaining a constant flow of exciting new pieces, and reaching new clients?

You don`t. I think that is a myth.Everyone struggles to stay on the cutting edge of things. Highs and lows are the reality of doing business!That being said ... planning is crucial. There is a great interaction between sales, development, and marketing ... and making these all dance together in the most efficient, profitable way is always the balance every entrepreneur has to make.

Can you expand upon the interaction between developement and marketing. The sales are not as important, if I have done my job they take care of themselves pretty much. The finished product is on the highest level in the U.S. The problem seems to be finding the most effective way to reach and get the attention and interest of the prospective Client/Designer. thanks

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