In managing a business, mistakes can and do happen, but if you do go about making decisions the right way you will maximise the possibility chances of you making the right decision, given your business and given your resources. We all know that making mistakes is part of growing business just like in life. The more mistakes we make …
In my last blog (How a little distraction can go a long way – Part 1), I mentioned on how a little distraction can come in the way of success. I would like to share with you how to prevent distractions from getting in the way of success. 1. Identify your goals and what you …
How a little distraction can go a long way – Part 2 Read More »
Distractions are hard to avoid as we work on our business and many of them essentially warrant our immediate attention (aka Fire Fighting). However, these distractions can also divert our attention from the most important task of taking a look at the bigger picture of building the actual business. One good case of distractions getting …
How a little distraction can go a long way – Part 1 Read More »
As business owners and managers of teams, we sometimes stereotype the behaviour of people from certain cultures when it comes down to working with them. At times, managing a culturally diverse team can be demanding. But can the business benefit from it? Managing a business team with members coming from different cultural backgrounds has its …
The Challenges and Rewards of Diversifying Your Team Read More »
In the middle of January, Google purchased Nest for over US$3 billion. Nest (nest.com) sells smart thermostats for the home, which learn your temperature preferences and adjust themselves accordingly. However, this article is not about Nest, but its rival, Vivint (vivint.com). The competitive thermostat landscape changed dramatically with Google’s acquisition of Nest – suddenly Vivint …
Researching New Market Opportunities No start-up entrepreneur in his right mind would do a top-down forecast by calculating how much of a market one needs to be successful so researching market opportunities is an important approach in forecasting. The top-down forecasting approach is where – typically – an entrepreneur starts with a large number (e.g. …
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