One of the biggest keys to success in business is successful and careful planning. Ultimately the market, the industry and your organisation are going to change countless times over your organisation’s lifespan and if you don’t have plans in place to help you cope with those changes then your business won’t last. In many ways the winners in business will often be dictated simply by who is the most prepared.
The trick then is to ensure that you aren’t waiting for bad things to happen before you come up with your plans.…
I’m sure you have heard this advice: Follow the best practices. I’m not a believer in that advice. For me, do things others don’t; if you can’t, just copy the best practices and be sure to make them your own. Why am I such a rebel?
The answer to that question is simple: Doing what others do kills your creativity. And if your creativity dies you are becoming a zombie of the business world: Wandering around places, clueless. You are becoming resistant to changes and you won’t notice the wind of change that will help you navigate your small business ship.…
It seems like a no-brainer for the rest of us, but some business owners – especially those establishing venture capital (VC)-backed tech startups – have strong preference toward growing user base by keeping their services free of charge. So, which strategy to adopt? Should I monetize my products/services or keep them free as long as I can?
While growth and innovation are typically what VCs are looking for, my profit-oriented mind is always telling me that a business is a good business if it makes money.…
