Tag: Competitive Advantage
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The Secret Mind Of An Entrepreneur Is Not What You Think
When I started my business journey, I initially sought to find the secret to business success. I suspected there was a secret because only a handful of people experienced success while the majority of people found failure. Additionally of those that found success there were always those serial entrepreneurs that seemed to find one success…
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Making money is simple but not easy
Why making money is simple. Have you ever wondered why some people seem to make money hand over fist while others just seem to spin their wheels? Making money is nothing more than a result of adding value. Anyone can do that. Adding or providing value to someone happens every time you spend a dime. Next…
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The Competitive Advantage Spectrum
In a previous article entitles “Factors of a Competitive Advantage” I covered the three main areas a company can compete without an existing relationship. The three areas again are Cost, Quality, and Lead Time. Each of these factors is present in the market place and is taken into account whenever someone is making a buying…
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Factors of Competitive Advantage
Does your company have a competitive advantage? A competitive advantage is the edge one company has over another. It is the reason someone will purchase what you have to offer even if they have no idea who you are. This is important for small businesses because many only offer the same value as the next…
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The Up Side to Inefficiency
For the past year I have been trying to wrap my brain around the paradoxical relationship between effectiveness and efficiency in small businesses. I have understood that one can be effective without being efficient but I could not reason why. I kept thinking this was a reality that persisted in spite of itself and ultimately…
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Island Economics
Have you ever wondered why one company thrives while another fizzles? It is a question that I come back to on a continual basis. The more I process the factors associated with success and failure of businesses the more I realize the answers for both are numerous. I don’t like this. I have to believe…