Just Forget It.
June 16, 2014 4 Comments
An Excellent Piece Of Advice
June 16, 2014 2 Comments
Last night I received an excellent piece of advice from from a person who has used it to devastating effect in his professional life.His advice is to know what your own business priorities are and continue working on them,irrespective of the proposals or deals others bring along or whatever else their own priorities,needs or demands are,even if these are a result of a specific request,suggestion or proposal originating from him.This is an excellent use of the principle of ‘ want,but only that much ‘.
This attitude gets people working extra hard to please him,to get his attention,to drop their own demands,do without themselves and adjust their schedules and priorities to his needs and convenience.This way the people who hang on demonstrate their need and therefore weakness/desperation and he is able to cut deals on terms advantageous to himself.
How To Bootstrap Your Business ?
June 13, 2014 Leave a comment
Here’s a five-step process you can follow to give you the best chance of success while bootstrapping your business:
Step 1: Prove Your Concept
With limited funds, it’s more crucial than ever to prove your business concept before investing your valuable resources. If you’re reselling an existing product, this step is a bit easier given the existing demand. But make sure you’re very clear on how you’ll be adding value — and don’t say via low pricing! Will you be offering a unique branded experience or adding informational value?
If you’re creating a new product, make sure you’re able to validate that people want — and are willing to pay for — your product before you invest heavily in mass manufacturing. Get your prototypes in front of as many people as possible, take pre-orders or even launch a Kickstarter campaign. Nothing is worse than manufacturing 5,000 new items that nobody wants.
Step 2: Do/Learn as Much as Possible Read more of this post
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