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Life of a Business Owner

Daily posts about the challenges of Business Owners

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Author: Sergey (page 9)

Die before living.

Here is a useful exercise to do before starting developing a new product. Imagine one year has passed, and your…
Continue reading “Die before living.”…
Posted on: December 7, 2019 Last updated on: January 9, 2020 Comments: 0 Written by: Sergey

When delegating…

Delegate achieving a specific outcome, don’t delegate a process.  Assume that the task has more than one solution. Especially multiple…
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Posted on: December 6, 2019 Last updated on: January 9, 2020 Comments: 0 Written by: Sergey

Doing business vs being self-employed.

Today I spoke to a founder of a startup that asked for advice about how to improve his situation. After…
Continue reading “Doing business vs being self-employed.”…
Posted on: December 5, 2019 Last updated on: January 9, 2020 Comments: 0 Written by: Sergey

High profits equal to high risks.

There is a fairly obvious fact that risk is directly proportional to profitability. More risks give potentially higher returns.  If…
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Posted on: December 4, 2019 Last updated on: January 9, 2020 Comments: 0 Written by: Sergey

There is no loyalty.

We need to invest in brand loyalty. As soon as I hear that phrase, I think that a lot of…
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Posted on: December 3, 2019 Last updated on: January 9, 2020 Comments: 0 Written by: Sergey

Narrow and deep beats wide and shallow.

When launching a new product or service, one of the first choices you have to make is which customer segment…
Continue reading “Narrow and deep beats wide and shallow.”…
Posted on: December 2, 2019 Last updated on: January 9, 2020 Comments: 0 Written by: Sergey

Don’t partner with a much larger company.

Even if you can. Even if they are asking. Even if they are giving you a very good deal.  They…
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Posted on: December 1, 2019 Last updated on: January 8, 2020 Comments: 0 Written by: Sergey

Regularity beats outbursts.

I have observed two types of people. Someone is moving toward his or her goal in small increments regularly. Others…
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Posted on: November 30, 2019 Last updated on: January 8, 2020 Comments: 0 Written by: Sergey

Our differences are our strengths.

Today I was contacted by three co-founders who are in the middle of a crisis of their relationship. The business…
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Posted on: November 29, 2019 Last updated on: January 8, 2020 Comments: 0 Written by: Sergey

To partner or not?

You want to start a new venture, and you have to decide if you wish to do it alone or…
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Posted on: November 28, 2019 Last updated on: January 8, 2020 Comments: 0 Written by: Sergey

Don’t talk to your customers.

When you are launching a new product, you will hear advice to talk to your customers. This advice is suitable…
Continue reading “Don’t talk to your customers.”…
Posted on: November 27, 2019 Last updated on: January 8, 2020 Comments: 0 Written by: Sergey

Don’t be afraid of being copied.

Because you will be, and everything you see around you has been copied modified and copied again.  Your product can…
Continue reading “Don’t be afraid of being copied.”…
Posted on: November 26, 2019 Last updated on: January 8, 2020 Comments: 0 Written by: Sergey
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