Business as a Science

There is an ever increasing amount of data out there geared towards providing individuals with a blueprint of how to do business. There are various models, best practice strategies, formulas, and a growing amount of literature on how it should be done. This has provided business owners with a tremendous cache of knowledge as to what sort of path to take, and how best to build a strong foundation. On the flip side however, business is really not an exact science at all. It is probably as far from that as you can get!

Business is really much trial and error, and adapting to the feedback that one receives. If we become rigid in our approach and do not adapt to the changes around us, that is when the trouble begins. My mentors have told me this time and time again. There is no substitute for experience. The only way to get experience is to be able to put yourself or your product/service out there, and see what happens. Learn from the feedback received and adjust your path likewise.

If we get caught up in ideal business models to follow, or which pricing strategies to use, we limit our scope and potential. This is not to say we should disregard all the great work that has been done in the business management space. All that I am saying is, one should maintain a healthy balance between theory and application. When in doubt, choose real time implementation rather than contemplating different theories to the problem.

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