I read this article and found it really interesting. So, I thought to share it with you and hope that you find it very useful.
Legendary investor Warren Buffett, the founder and CEO of Berkshire Hathaway, shared his best business advice with a group of small business owners. Speaking at the 20th Graduation of Goldman Sachs’ 10,000 Small Businesses at LaGuardia Community College, Buffett told the graduates: “Tomorrow morning when you look in the mirror after you’ve gotten up, just write — or just put it in lipstick or whatever you want — ‘delight my customer’ not ‘satisfy my customer.’ ‘Delight my customer.’”
It’s a simple three-word mission.
I once read the story of a well established organisation that hired a consultant to help with charting a new course for its business. To do this, the consultant began engagement with the company’s leadership team. He asked 13 directors to articulate simply and clearly the core mission of the organisation. To his surprise, he got 8 different answers. Now, that sounds very typical of some businesses or institutions.
Have you ever tried playing golf? Then you know that the slightest adjustment in your swing can mean the difference between slicing and shanking the ball and driving it perfectly down the green. And it’s the same in business — because what it comes down to is the fact that the smallest changes can yield the biggest results. Continue Reading
So you run your own business, you want your children to take over when you retire, but how do you prepare them for a life as an entrepreneur? Being an entrepreneur requires many skills, from being resilient and creative, through to possessing an abundance of self-confidence and an optimistic outlook. These are things you will have learnt growing up, but how do you teach your kids those skills? Continue Reading
Do you have a dream of being your own boss? Have you been thinking lately about starting something and seeing it grow and flourish? Be it a small business, social enterprise, fashion label, recording studio, restaurant outlet, school, just name it.
If you nurture the dream of becoming a founder of some sort, then you need to see this video by Reid Hoffman, the Chairman and Co-founder of LinkedIn.
Reid Hoffman was an early backer of Facebook Inc., regarded by Forbes as the most connected man in Silicon Valley and a Venture Capitalist behind successful organisations like Airbnb, Groupon, Kiva, etc. This lecture was delivered at Stanford University to an audience of aspiring entrepreneurs.
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Starting a great enterprise demands a lot of hard work and making it work or successful is entirely a different ball game. So, whatever the venture, learning the ropes from the experts and understanding what is required to be successful becomes a very key necessity for every would-be or aspiring entrepreneur. Continue Reading