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Entrepreneurs Should Go For The Quick Buck – Then Stop - Initial Business Models Can Be Enticing But Limiting In The Long Run

InfoChachkie

Thus, entrepreneurs must decide when to stop listening to the Sirens’ song of a quick buck and position their company to take advantage of long-term, sustainable business models. Below are descriptions of three companies which each faced short-term, lucrative opportunities. Bad Profits. Arbitrage Is Fleeting. Scaling Right.

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5 (More) Battle-Tested Business Tips From Amazon Founder Jeff Bezos

InfoChachkie

Let Your Competitors Chase The Quick Buck. As I discuss in Entrepreneurs Should Go For The Quick Buck – Then Stop , there are situations in which a startup can generate profitable, near-term revenue that does not support, and may even undermine, its long-term strategy. Two Pizzas, One Meeting.

Tips 223
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Startup Lessons From Pink Floyd’s Dark Side Of The Moon

InfoChachkie

Lesson: As described in Go For The Quick Buck , wily startups also devise creative ways to secure funding from their customers, rather than from investors.

Startup 269
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Ten Startup Tips From Amazon Founder, Jeff Bezos

InfoChachkie

A mis-hire at the outset of your company can irreversibly alter the trajectory of your corporate culture. Some people are internally focused, and if they reach critical mass, they can tip the whole company.”. The most junior person in the company can win an argument with the most senior person with regard to a fact-based decision.

Tips 279
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App is Crap (why Apple is bad for your health)

Both Sides of the Table

But like lemmings, every company in the market rushed to proclaim they were launching WAP versions of their products. Their company, my company and countless others espoused cloud-based applications. It is expensive for software companies to build for heterogeneous environments. Enter Apple.

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