Should we learn from mistakes and say we failed forward or pause and conduct an extensive test on about-to-be-launched strategies? In arriving at a winning formula in any new or existing enterprise, there is a possibility that several approaches are evaluated. The various impacts of these approaches on the business models are considered in developing…
Innovation is a word that most times sounds so bogus that it can almost pass as a fluff word!I am an innovative expert. Well.Hello, can you tell us what you do and quit being vague?Data science, Big data, and Machine learning are new words that buzz a lot in the tech space in this 21st…
One of the most significant dilemmas of businesses is determining product-market fit. It is the ultimate race to find that product with the right combination of profit potential and consumer acceptance. Product/Market Fit means being in a good market with a product that can satisfy that market. Marc Andreesen Why is a business in search…
How do you determine the best way to approach the market, a mass-market product or a niche market product? Do you offer premium content to a few people or offer a product at scale to potentially every person? At what point do you scale? The drive to reach a larger audience is usually very tempting…
Everything is business.Many people tend to be very rigid in defining what a business is, making assumptions that are not in tandem with the core concept of doing business. Business is simply an exchange of value. Rebecca Knapp The exchange of money to get that value does not represent the entirety of what can be…
The Global economy is an eco-system of economies directly or indirectly affecting each other. It is the dynamics of the international exchange of goods and services that is expressed in monetary units of account (money). The economy of a country is affected by decisions, agreement and actions taken by the government and individuals of the…
Startups need to have a lot of things go right before they can claim to be a success. Many of these factors involve the founders, teams, and consumers, and may be influenced by the founders directly or indirectly. But there is one which can also be crucial to success quite out of the reach of…
The first-mover will be the most successful.Well, This is not always the case. The Second mover advantage is also a known recipe for success.
Is ‘idea theft’ a threat to your business?. In building your startup, as much as ideas are good they are as well cheap, Execution is King!
