Businesses generally fall under two categories: those that follow a proven business model and those that create a new one. Each has its own set of advantages and challenges, and neither is inherently better than the other. The first category involves rapid and/or skilled execution of a proven business model. This approach offers the benefits … Continue reading Business Strategy – Proven Business Models, New Businesses, and Courage
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Measuring market size is meaningless. Think about excellent execution.
When looking at a business, I believe the market size has little meaning. Because if your business does extremely well in one area, it has potential to expand to another market. However this means “extremely well”, in other words “10 times” better, in a way that it stands out distinctly different from others. In a … Continue reading Measuring market size is meaningless. Think about excellent execution.