'The basics of a technology startup': This is the alternate title of this chapter.
You make things that people want by knowing what people want, which you do by just...
Running a business
You sell a business because you know you have reached a point where a fresh look (and more funds) is urgently needed to push the business in a new direction, so it survives (against bigger players and...
Running a business
Close your business as soon as warning signs appear getting closer
- Don't wait. Don't bleed anymore. Close the business when you see a trend of:
Falling sales, being late on p...
Running a business
Outside help (consultants, agencies, freelancers) bring fresh eyes and new solutions for your business problems.
However, it is always better if you bring yourself up to date on the best ...
Running a business
As a business owner, you will have to deal with many kinds of employee-related problems. Some common examples of employee problems:
- Poor performance: Is it chronic? What do the employee...
Running a business
Goal-setting, regular appraisals and training plans are not enough to motivate your employees.
Time to read up on your Maslow.
Here's a short checklist about how you motivate your ...
Running a business
1. Get perspective: Get in touch with the reasons you set out on this course. Are you still on the path?
2. Break it down: If the goals (of the business plan) are simply too big, break in...
Running a business
There are many tools and techniques for strategic thinking about a business: Porter's 5 forces, 7 S, etc. Just Google them.
But the best strategic thinking methods are simple:
&nbs...
Running a business
You can't do everything yourself.
That's why you brought in the experts. Now give work to them.
Empower them to make decisions, and back them up when they need.
&n...
Running a business
The salary bill is every business's top cost. No people, no business. Unless you are a one-person army clicking away on the computer in a basement.
The best way to keep anyone happy i...