How do I Bootstrap my Company?
Bootstrapping is a skill. When you see people achieve unbelievable feets with little of no money that is bootstrapping. It is easy to spend money to fix a problem however the true root of the problem may never be fixed. Companies often throw money to fix a problem. For example by hiring a new employee to perform work which should be systematized or overlook the issue that is draining cash from the business. The skill of bootstrapping is using pure wisdom to figure it out...
Read MoreHow to Scale Your Business
Scalability is the essence of taking what you have and multiplying it. How can you do more with less? Technology companies are scalable because they can take one product built by a few and sell the same product time and again to many. In building a company there are many resources including time, money and labor; the secret is using all resources efficiently to maximize the company’s value. Next time you need to make a business decision think what is the best resource to use. ...
Read MoreLeadership Responsibility – Ways to Reduce Crashes
This week, in a massive pileup on a Japanese highway, eight Ferraris, three Mercedes, a Lamborghini, along with some other cars ended up totaled. At fault, the lead car, a high-speed Ferrari whose driver made a mistake when changing lanes on a wet road. As the CEO or leader of your organization, are you careful how you change directions? Do you think of what pileup might happen behind you, if you don’t lead your team responsibly? Any time you need to “change lanes” in your...
Read MoreKnowing your Competition
In the classic Aesop fable of a competition, a hare and a tortoise set off on a long race. The hare, as we all know, snoozes along the way, never reckoning in the persistence of the tortoise — and loses the race. In the business world, we cannot be like the hare. We might know our strengths like that hare, relying on our speed or other strong point. However, to suceed in competition, you must factor in your competitors’ strengths. Had the hare known how persistent the...
Read MorePerpetual Revenue
Perpetual Revenues (the second P in the word Happy) is the distinction of whether you have a business or not. Money or revenue is the market’s way of telling you your products and services have value. H- Home A – Assets P – Profit P – Perpetual Revenue Y – You Perpetual is a very important word before revenues. Perpetual means that those revenues will keep going indefinitely. At the cemetery the perpetual care sticker means that the cemetery will take care of the burial...
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