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| Building a business for life |
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We have all been asked the
same question...
"Why don't you get a real job?" |
Small business: Why are you doing this?
Of course, some of us hit it big. Would there be a Microsoft if Bill Gates got
a real job at IBM as an engineer?
The statistics, however, aren't good, clearly many
of us will have to get a job. Most researchers agree that five years from now,
75% of the companies that start this year will already be closed. That closing
does not always mean a failure. Some businesses are quickly sold or merged into
another company; some are reinvented and renamed. Some just do not make quite
enough money and the founder calls it in before getting in too deep.
If you want your business to
be long-lived, what should you know? How do you build a business for life?
In this episode of the show you'll meet Dennis Anderson who has since
1970 learned how to let go of products and services that the marketplace
outgrew. And, youll meet Mary Alice Lawless. Her company was threatened by new
technology so she jumped into an even newer technology to "wow" her customers.
And for awhile, as a result of facing that crisis, her business got bigger, not
smaller.
Our goal is to help
all small businesses become so efficient and focused, that we each add a new
job -- either a virtual job or physical job, it doesn't matter -- each year.
Are we up for that challenge? |
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| With a
goal to improve on past history ... |
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Key Ideas |
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| Lightbulb: |
Be the keeper of the culture |
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Outgrow your first business
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Even the faithful may not keep up with you
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Don't keep anyone on the payroll who isn't
committed to the big vision |
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Think ahead to prepare products and finances for
change |
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MORE
IDEAS THAT COULD HELP |
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