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The entrepreneur's toolbox, continued ...Published: January 01, 2010
9. Narrow the economic picture to your field.
“People
talk about how the economy is going to improve,” says Brenden of Home
Run. “But the real question is: What are the economic changes in your
field? In mine, the picture is not as bright. I think this is one of
the biggest mistakes that companies make: They look at the broad
economic picture. They need to narrow their focus to their own field.”
THE ENTREPRENEUR'S TOOLBOX
1. Learn to live with tighter credit – permanently.
2. Be aggressive.
3. Forget annual reviews.
4. Horde your cash.
5. Develop "what if?" business strategies.
6. Re-think personnel,
both at the hiring and the management strategies.
7. Don't fear investing – but change
your investment strategy.
8. Insist on dramatically improved customer service.
9. Narrow the economic picture to your field.
10. Think globally, not locally.
<<< BACK TO MAIN TOOLBOX PAGE
| The entrepreneur's toolbox, continued ...Published: January 01, 2010 |
9. Narrow the economic picture to your field.
“People talk about how the economy is going to improve,” says Brenden of Home Run. “But the real question is: What are the economic changes in your field? In mine, the picture is not as bright. I think this is one of the biggest mistakes that companies make: They look at the broad economic picture. They need to narrow their focus to their own field.”
THE ENTREPRENEUR'S TOOLBOX
1. Learn to live with tighter credit – permanently.
2. Be aggressive.
3. Forget annual reviews.
4. Horde your cash.
5. Develop "what if?" business strategies.
6. Re-think personnel,
both at the hiring and the management strategies.
7. Don't fear investing – but change
your investment strategy.
8. Insist on dramatically improved customer service.
9. Narrow the economic picture to your field.
10. Think globally, not locally.
<<< BACK TO MAIN TOOLBOX PAGE
1. Learn to live with tighter credit – permanently.
2. Be aggressive.
3. Forget annual reviews.
4. Horde your cash.
5. Develop "what if?" business strategies.
6. Re-think personnel,
both at the hiring and the management strategies.
7. Don't fear investing – but change
your investment strategy.
8. Insist on dramatically improved customer service.
9. Narrow the economic picture to your field.
10. Think globally, not locally.
<<< BACK TO MAIN TOOLBOX PAGE
