What Are Some Examples of Proactive Strategies in Entrepreneurship?
Proactive strategies can vary depending on the industry and business model, but some common examples include:
1. Market Research: Conducting thorough market research to identify emerging trends, customer needs, and potential market gaps. 2. Product Innovation: Continuously improving and innovating products or services to meet changing customer demands and stay ahead of competitors. 3. Diversification: Exploring new markets, products, or services to diversify revenue streams and reduce dependency on a single market. 4. Customer Engagement: Actively seeking feedback from customers and using it to improve offerings and enhance customer satisfaction.