Posts tagged Success
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With so many mom and pop shops opening, and then quickly closing, the way to win in small business is endurance and outlasting the competition. This infographic provides data on the longevity of small businesses and how your business can live into it’s old age.
(Via Intuit)
The 99% Success Formula on Inc.com
1. Know where you’re starting from (A).
2. Know where you want to be (B).
3. Build a plan to get from A to B.
4. Take massive action based on that plan.
5. Observe whether you’re closer to B.
6. If the plan is working, double down on step 4.
7. If the plan isn’t working, go back to step 3.
Why It Pays to Be Humble by Gary Vaynerchuk on OPEN Forum
These days, starting a new company, pivoting or bringing your existing company into the tech field is common fare for the small-business owner. In this video, expert and experienced entrepreneur Gary Vaynerchuk offers his best advice on how to succeed when you’re entering unknown territory. Hint: it’s much more discreet than you’d think.
(via Why It Pays to Be Humble | | The New OPEN ForumThe New OPEN Forum)
Does wealth lead to innovation? Our list finds that median household income doesn’t determine startup success.
Why? “There is a reasonable hypothesis that areas that are fertile for startups are fertile at a point in time, such as Detroit in the 1890s,” says Ed Glaeser, Eleanor Glimp Professor of Economics at Harvard. “Startups come, they succeed, and then it becomes progressively less friendly as the area becomes wealthier. A few dominant firms emerge and they eventually end up pushing out startups. Areas then have to find a way to reinvent themselves.”
“You cannot delegate vision,” stated CEO of Ariat International, Inc. Beth Cross (MBA ’88). Read why Cross believes entrepreneurs should picture massive success from day one: http://stnfd.biz/kBHgw
What The Most Successful People Do With Their Weekends
1. They Don’t Keep Spinning.
2. They Don’t Go Limp.
3. They Don’t Clean the Grout.
4. They Don’t Lose the Last 15 Hours.
Social Media Strategy: 7 Keys to Success by OPEN Forum
1. Know your business objectives
2. Have a long-term vision to become a converged social business
3. Obtain key executive support
4. Generate a road map
5. Dedicate to the process and ongoing training
6. Plan for current and future staffing needs
7. Hold off on technology decisions until your strategy is in place
(via Social Media Strategy: 7 Keys to Success - OPEN Forum :: American Express OPEN Forum)
Did you know that Martha Stewart was a model, a stockbroker on Wall Street for 5 years and then a stay-at-home mom all before starting a catering business, launching her to tycoon status success?
(Via Business Insider)
Lessons Learned: Aim High Academy Kicks its Way Back from Failure by OPEN Forum
1. Know Your Location
2. Protect Your Reserves
3. Have a strong team
Read more on the business lessons learned from Aim High Academy’s owner, Dan Sikkens on OPEN Forum.
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