No business can survive for long without some form of competitive advantage. Whether it's explicitly defined or not is one thing and whether it's a sustainable competitive advantage or not is another thing. But essentially, that you've been in business for up to 3 years and still able to make a sale, no matter how small, is an indication that you have some form of competitive advantage. Because if you didn't, you wouldn't last more than your first year in business! What is Competitive … [Read more...] about COMPETITIVE ADVANTAGE: How to Beat the Competition through Superior Value Proposition
Business is a highly competitive landscape, so prepare for war. Whether you are just starting out or you’ve been in business for so many years; the competition is always there! Competitive warfare is good for business; they help kick out the lazy entrepreneurs from the scene which ultimately improves the industry. The presence of competitions in any industry is an indication that the market is profitable. So if you are one of those lazy entrepreneurs who are constantly trying to create or … [Read more...] about COMPETITIVE WARFARE: 3 Battle-tested Strategies for Winning in Business
In continuing our discussion on EXECUTION 2015 -how to make this year work, let me shed more insights on the two kinds of execution discussed previously. Energy-Driven Execution This is the most common type of execution in the world of business. As a matter of fact, it’s what 99% of entrepreneurs use and that’s why the 1% who succeed are those who use the other kind of execution. In other words, this is what powers majority of businesses. Let me tell you a story to practically explain … [Read more...] about Part 2: EXECUTION 2015!
Happy New Year!!! So glad you made it. Hopefully, this will be the best year ever for you and your business. While I trust that you would the ‘you’ part of the equation, I will do my best to continually equip you paradigm shifting practical business ideas, strategies and best practices that will take care of ‘your business’ part of the equation. So help me God, amen! Something’s Gotta Change In 2014! As the year kicked off in full swing last week being the first week of the New … [Read more...] about The 2014 BUSINESS REDESIGN Plan for Entrepreneurs
A man in a hot air balloon is lost. He sees a man on the ground and reduces height to speak to him. "Excuse me, can you tell me where I am?" "You're in a hot air balloon hovering thirty feet above this field," comes the reply. "You must work in Information Technology," says the balloonist. "I do," says the man, "How did you know?" "Well," says the balloonist, "Everything you told me is technically correct, but it's no use to anyone." "You must be in business," says the man. "I am," says … [Read more...] about How To Upgrade Your Business in 5 Practical Steps
In a competitive marketplace, up-to-date information can make the difference between keeping pace, getting ahead, or being left behind. Business is a game and only the team with the best players wins. To win, you need to know your strengths and weaknesses as well as that of your competition. Knowledge of thyself alone is no longer sufficient to remain competitive. According to Sun Tzu, the ancient author of the Art of War; “If you are ignorant of both your enemy and yourself, then you are … [Read more...] about Competitive Intelligence: 12 Sure Fire Ways To Strip Your Competitions Naked!