If you have a great idea for a new business, should you freely share that idea with others? What if they steal your idea? Many entrepreneurs and small business owners obsess about keeping ideas confidential. The vast majority of entrepreneurs and small business owners should be far more concerned about people listening to their ideas, […]
More than ever, small businesses and startups must execute and bring their software-based products or services to market quickly. As Groupon has demonstrated, there is often (but not always) a huge first-to-market advantage. One risk of moving fast involves selecting software technologies that allow you to bring your products/services to market quickly, but that ultimately […]
A couple of weeks ago, I started a series of video posts for entrepreneurs on creating a business plan. I very much believe that this part of the process is critical to building a strong company. The short video below contains my thoughts on the research process. I hope you enjoy and will look forward […]
Some have argued that a business plan is not necessary when starting up your venture and that entrepreneurs can better spend their time on other things. I strongly disagree and argue that the very process of writing a business plan leads to a stronger, more sustainable business. In the following short video (the first in […]
One of the challenges entrepreneurs face every day is about managing their own capacity. Finding time to think, to plan, and to strategize gets more difficult the larger your business grows. Every day we have to find a balance between the day-to-day chores involved in operating a business and the high-level planning that goes into […]
Many entrepreneurs and small business owners believe that their new product or service will beat the competition with great new features. Product and service features are rarely a competitive advantage. There are many benefits to “less software”. I discuss why in the following short 3 minute video. What do you think?
Success can make people complacent. Some will bask in the glory of success and expect to continue to succeed by doing the things that made them successful. This is not always possible. To innovate, you must stay dissatisfied. Here’s why: Do you agree?
I found this video while browsing YouTube and was amazed by how Gary Chang, an architect (and owner of the apartment in the video), dealt with the serious space limitations of his 344 sq. ft. apartment in Hong Kong. He even has a hammock!