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8 Elements Of Ownership Thinking And Startup Success

Startup Professionals Musings

Many business leaders today, including Howard Schultz , didn’t start the businesses they are now known for, but worked their way up the corporate ranks with ownership thinking. Smart business owners realize that no returns occur without some investment and risk. Use metrics and data to quantify progress and return.

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5 Pitfalls to Avoid When Transforming Your Business

Startup Professionals Musings

No matter how well your business seems to have worked for you up to this point, you can be certain that it will need to be heavily transformed for tomorrow’s new world-wide economy and no industry sector boundaries. Don’t let your ego or stubbornness drive you to give up too soon on your transformation efforts.

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8 Tasks To Prepare You For Starting Your Own Business

Startup Professionals Musings

Of course, starting and running your own business comes with financial and personal risks, so I always recommend that you do your homework first, and follow some tried and proven strategies to improve your odds of success. These days, you can’t start and run a business alone. Define key metrics to measure progress and success.

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8 Indicators Of The Innovation Focus In Your Business

Startup Professionals Musings

They also want to know how they stack up to competitors. Here is a paraphrased summary of the eight-level scale she offers, with my own insights and experience added, for your consideration in starting your own self-assessment and move up: Extreme bias toward status quo as the right way.

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6 Strategies To Anticipate And Survive New Entrants

Startup Professionals Musings

Thus they are blindsided and try to react quickly when a new competitor starts stealing customers. Most business metrics I see compare current performance to your own previous experience, rather than your performance compared to industry standards and competitors. A leader that does not invest in the future has no future.

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