This is one of those myths that prompts many startups to create incorrect pricing structures right from the word Go. This in turn has a domino effect on the rest of the business, since it does not have the capability to produce the level of profit required to make the business viable. The fact of - Read More -
I read an interesting post on Techcrunch about the overall feedback on companies which presented at Techcrunch50 this year. One paragraph which really stood out was: “Start-ups by definition don’t have the experience, market position, funding or resources to tackle obvious market opportunities. If what they’re trying to do makes clear business sense, a bigger, - Read More -
Image by foreversouls An inherent advantage of a small business is it’s agility and flexibility in the competitive landscape. Having limited bureaucracy and rapidly deployable assets, a small business can become a huge thorn in the side of larger competition. I believe most of us are aware of this fact, yet, how many small business - Read More -
Whichever business you are in, there will always be simple ways to put in that extra effort to change a normal experience into an exceptional one. In a world which is quickly losing the human element and being replaced by technology, processes are becoming robotic, and efficiency is being given a higher level of importance - Read More -
Image by Space Elevator Guy At university many of us have taken courses in which we have been taught how to conduct a SWOT analysis. It is a simple matrix through which you evaluate opportunity and competition with an angle to using it personally on assessing yourself or your business. SWOT stands for strengths, weaknesses, - Read More -
“Strategy is not just a plan, not just an idea; it is a way of life for a company. Strategy doesn’t just position a firm in its external landscape; it defines what a firm will be.” Cynthia A. Montgomery As a business owner one needs to continually assess one’s own company as well as those - Read More -
“The way a team plays as a whole determines its success. You may have the greatest bunch of individual stars in the world, but if they don’t play together, the club won’t be worth a dime.” Babe Ruth The success of any startup depends on the quality of the team executing the plans. It comes - Read More -