Professional Documents
Culture Documents
A stable team of
employees, low employee turnover will take you a long way.
2. Know your business: You should have a breakeven in mind if you’re only
starting up. Keep leverages and overheads low.
3. Choose between differentiating and cost leadership: You’re either the
cheapest provider of standard goods, or a provider of superior than average
products/services. This is key for sustained profitability. Consider this your
business’ oxygen supply, if you will.
4. Make small, continuous improvements: The Japanese concept of Kaizen is
highly effective. Don’t make radical changes. If you have a new strategy in mind,
phase it in. Strive to improve your business just a little, every day.
5. This last one is a little subjective: Hopefully you’re passionate about your area
of work. This makes things so much better - it takes exhaustion out of the
process. Read, learn and grow. I repeat, *read*.
The goals for any small business be it brick and mortar or online look like this:
-Find an audience.
-Develop a way to uniquely deliver a product to them that solves the need.