The Silent Killer of Startups: Stressing the Importance of Planning Over a Written Plan
To understand the essence of startups and business progression, we must distinguish between the verb “planning” and the noun “business plan.” Let’s delve into why startup vetting, which is essentially a phase of planning, is far more pivotal than the end product of this process, the “written business plan.” Planning: The Essence of Startup Success…
Keep readingStarting Simple: The Concept of MVP For Successful Startups
Launching a startup is an exciting endeavor, but diving in headfirst without validating your idea can be a costly mistake. The power of the Minimum Viable Product (MVP) and a well-crafted landing page lies in their ability to test your business concept without breaking the bank. By focusing on the end result and working backward,…
Keep readingDriving Success: The Power of Periodic Update Planning for Established Businesses
As a business progresses beyond its startup phase, it becomes crucial to regularly update its planning based on the knowledge gained from running the operations … building on what happened in the past. In order to know where you’re going, it’s best to start at a familiar point of reference … a benchmark … a…
Keep readingMastering The Art Of Business Inflection Points: A Roadmap To Adaptation, Innovation And Growth In A Dynamic Market
In today’s rapidly evolving business landscape, identifying and navigating inflection points is crucial for the long-term success and sustainability of any organization. Andy Grove, the co-founder of Intel, aptly described an inflection point as an event that changes the way we think and act. These points signify significant shifts in customer relationships, business models, or…
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