Showing posts with label small business. Show all posts
Showing posts with label small business. Show all posts

Thursday, May 31, 2007

Change the paradigm


Since the inception of businesses, executives always asked themselves: How can I make more profit? The answers to the same question always changed: Increase your farm land and sell more products. Become a pirate and steal all the diamonds you can find. Start an Internet company and push for a quick IPO.

Even though the answer changed all the time, the question remained the same: How can I make more profit?
Next time you ask yourself or being asked how to make more profit, change the paradigm: "How can I improve the life of each of my customers? How can I develop a product that will change everything?"

This will help you focus on the real important business issue. The profit will follow.

Saturday, May 19, 2007

Wal-Mart has it all wrong


Instead of fighting communities, Wal-Mart should become a partner in preserving current communities.
How:

- Research the new market and just offer products that local Mom & Pop stores don't sell
- Utilize the financial power of Wal-Mart to improve the overall community, not ruining it by building Super-Duper-Megastores
- Partner with local community leaders in helping preserve small town USA
- Support local business by offering them access to Wal-Mart's vast resources

One can dream...