Monday, January 30, 2006
No Home Run Needed
This weekend I was talking with someone who has been successful in running their own business. He asked me how the first year and a half had been and I told him that it had been a great learning experience. We have worked hard and made some progress and we had made mistakes and suffered a few set backs. However, the most important thing was that we had learned from our success and failures. Changes are constantly being made to reflect what we are learning.
He said that one of the keys to long term success in business is to constantly make base hits. Businesses that have been around along time typically provide the customer with a good product or service consistently over the long haul. They are always looking for ways to improve on what they know and already do well. These businesses do not rest on past performance but are building on the base that is already there.
Sometimes these companies will introduce a completely new product or service but only after they have done their research. But they will not risk the entire company on it, only what they can afford to lose.
Of course there will always be exceptions to this, someone will risk it all and hit that home run and make it big. But it is unlikely that they will have the staying power to be there at the end.
Just get out there, work hard and keep building on what is working and most likely you will be successful!
He said that one of the keys to long term success in business is to constantly make base hits. Businesses that have been around along time typically provide the customer with a good product or service consistently over the long haul. They are always looking for ways to improve on what they know and already do well. These businesses do not rest on past performance but are building on the base that is already there.
Sometimes these companies will introduce a completely new product or service but only after they have done their research. But they will not risk the entire company on it, only what they can afford to lose.
Of course there will always be exceptions to this, someone will risk it all and hit that home run and make it big. But it is unlikely that they will have the staying power to be there at the end.
Just get out there, work hard and keep building on what is working and most likely you will be successful!
Wednesday, January 25, 2006
Welcome to Your Small Business Blog
Welcome to Your Small Business blog. Here I will post things that I have learned in running my own small retail and web based business. There are a lot of great resources online, I will post information on ones that have been helpful to me.
