This is a progression I have witnessed many times. 1. A team gets together and decides to develop a product/service for a particular niche. 2. A considerable amount of time is put into the planning of the entire venture. 3. Development work begins, and months/years are sometime slaved away getting the product to launch stage. - Read More -
An elevator pitch is essentially a concise, focused and well re-hearsed description of your business. It is called an elevator pitch because it should be constructed in such a way that it may be delivered during the average elevator ride, which is around 30 seconds. An elevator pitch is not to be used only on - Read More -
As humans we are bound to make mistakes. What really impacts us negatively is, when we do not learn from our mistakes, and continue to repeat them over and over again. As entrepreneurs this can be very costly, in the end this is the reason why some of us succeed, and some do not. Listed - Read More -
A mistake many first time entrepreneurs often make at the negotiating table, is knocking down their competition’s pricing. Regardless of whether you are charging a premium over current market rates or are positioned as a cheaper alternative, the focus of your negotiations should not place heavy emphasis on your competitor’s products/services and pricing model as - Read More -
There are two kinds of people alive today, Just two kinds of people, two only, I say. Not the good and the bad, for its’ well understood The good are half bad, and the bad are half good. Not the rich and the poor, for to count a man’s wealth, You must first know the - Read More -
As entrepreneurs we are constantly looking for sources to help us learn from other people’s experiences. Stories about how they succeeded or failed, have tons of insights, and can greatly benefit entrepreneurs getting into business for the first time. With a proliferation of blogs in the blogosphere today, we are spoiled for choice. There are - Read More -
“Every company has metrics that track performance. The key question is whether these metrics really provide visibility to performance as viewed by the customer.” Steve Matthesen Inventory management is an aspect of business which needs to be given more attention than what it currently receives. It is certainly not the most glamorous aspects of running - Read More -