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Post by jessicareid on Sept 24, 2013 16:20:40 GMT -6
INSTANT MBA: Listen To Everyone But Don't Take Advice From Just Anybody
Mr. Joel Bomgar is the creator and CEO of Bomgar which is a remote software support company. He explains about when he first began starting his company as a recent college graduate in 2003, he had a lot of sources of advice. You can talk to business-people from your networks, kind people from your potential industry, and even family members that truly know you and your strengths and weaknesses. However it is important that you remember that just because you hear their points of view, is no reason to go against your gut. Listening to advice from many, many sources will help you gain unique perspectives and ideas, but without any commitment. Entrepreneurs have to trust themselves, ultimately, with the decisions that will affect their firm. Well-meaning outsiders often just don't have all the information that you do.
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Post by arielberthelot on Sept 30, 2013 13:34:27 GMT -6
INSTANT MBA: Think Smaller than Your Competitors
This article teaches you to start thinking more simple than more complex. Sometimes it is better for a company to not try and out do another companies product, but just making their own product that is quicker and easier to use. Most people like a product that isn't as advanced! With our advanced technology that sometimes get technical to use, in this day and time everyone just wants simple. More simple means stress free and that's what most people are looking for. Especially small businesses, in most small businesses there are only a few people operating everything, so it is way easier to use a product that everyone can understand because whenever one person works on something then another person might take over the project the transition is easy and everyone can understand what is going on.
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Post by darrell2009 on Oct 1, 2013 23:34:04 GMT -6
INSTANT MBA: Think Smaller Than Your Competitors When it comes down to a business market of course you want to be the product leader for your part of your market but like the article stated many company look over the small company thinking there are not in their league and not taking in valuable information that can be gain from the small company with can like the artilce said even thing out for both parties.
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Post by christiebrown on Oct 2, 2013 14:09:41 GMT -6
I think that it is always very important to differentiate yourself and your products when in business for profit. There are always certain things that customers look for, and it is important to make sure that your product satisfies as many of those wants and needs as possible to ensure that you can sell a lot of your product. I think a good idea of this is cell phones. The cell phone providers make sure that their phones have a good competitive edge than the last one, whether it be a new feature or the size and shape of the phone itself.
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Post by tevinrapp7 on Oct 7, 2013 13:36:50 GMT -6
INSTANT MBA: Think Smaller Than Your Competitors
In a business a company needs to realize that overdoing stuff is not necessary. What I mean by that is that a company should just keep things simple and try to enhance there products by just thinking simple. Consumers dont view products because theres a million words on a box or if theres alot of pictures on a box. Comsumers which are everyday people enjoy simple things and want to find information out fast rather then looking thru a bunch of words or pictures. Me as a comsumer i noticed things when it is explained to me simple and straight to the point. If competitors are thinking too broad then comsumers are going to lose interest and the opposing competitor will benefit the potential consumer.
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Post by kselders on Oct 8, 2013 7:59:21 GMT -6
In order to be a business savvy professional, it takes hard work and dedication to reach success. Sure, you want to outshine and outsell your competitors but, how far are you willing to go? Thinking beyond the box of expectation and competitiveness is imperative. After reading this article, this just confirms all business theory of how to make your business grow without overdoing it. You want to keep your competitors but, you want the better product.
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Post by w0426116 on Oct 16, 2013 18:54:04 GMT -6
Innovation is the key to success in this very competitive society, when coming up with any type of product it needs to be original but also useful, companies now a days play “copycat” one company comes out with a product then the next company copies what the competitor released and just tries to add on more and more features until someone reaches their ceiling. Up-to-date convenience, features and simple configuration are what I believe consumers are looking for. Something I learned growing up was keeping it simple.
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Post by alyssatudor on Oct 21, 2013 19:04:15 GMT -6
Understanding how to make a product better than your competitors is the key to succeeding within the business world. Knowing how to make a product similar to the competitors yet, making it cheaper, simpler, and easier to use. These things make the consumers prefer your product over the competitors product. Making a product that is better than your competitors will make your business more successful in the long run.
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Post by w0384905 on Oct 23, 2013 13:48:10 GMT -6
INSTANT MBA: Listen To Everyone But Don't Take Advice From Just Anybody
This article talks about taking actions from others that am meant and should be mimicked. It good to listen to advise and absorb this advise but don't always use this advice. It depends on what is said and who is saying it. If this person has a lot of experience and has gone down this road before then it might be beneficial to listen to them. If they are someone that is just talking to be talking you might want to take a step back and evaluate the advise they give. If you think it will be useful then us it if you can it'll be harmful then discard it.
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Post by thomas129 on Oct 24, 2013 17:49:58 GMT -6
Link #16 Instant MBA Think Smaller than your competitors.
I like how Mit Bendov thinks. Instead of trying to out power the competition, take
a different approach. Take a well know product and making it simpler to use. For
instance the vacuum. It has had the same design for years. Then Dyson came up
with the vacuum with the ball on the end to help guide the vacuum in tighter places.
Simple idea that seemed to work out great for the company. They also brought out
the blade-less fan. Simple and easy for the consumers to use. So I agree with this
approach for new companies trying to gain an edge in the market.
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Post by rpajares41 on Nov 4, 2013 10:55:41 GMT -6
I both agree and disagree with this article. I agree along the lines of a small business thinking small when competing with big business or others in general. However, I think that the larger a business grows so should the plans and ideas to grow the company. If a company isn't in the top 1,000,000 that doesn't mean that it can't have ideas for the future, big ideas. In closing I believe that business owners need to take a look around and if they feel they are still too small to compete with larger companies then stay thinking small and simple, but if you think you have enough resources to take it to the next level and compete and succeed then by all means step up.
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Post by datren on Nov 6, 2013 21:55:05 GMT -6
INSTANT MBA: Listen To Everyone But Don't Take Advice From Just Anybody
This article has a very valid point about being diplomatic and sympathizing with others on a daily basis. It is never known when someone who seemed to be lacking knowledge could have actually been correct. This does not make everyone an expert. A successful businessperson should always take advice from leadership, past experience, and research.
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Post by ebonisw on Nov 9, 2013 16:34:02 GMT -6
INSTANT MBA: Listen To Everyone But Don't Take Advice From Just Anybody
Sometimes advice is given from a person who thinks they have all the answers, but their information is not very accurate. Then there are others who give advice simply to sabotage you and get themselves ahead. When given good advice, though, you also have to apply it to the correct circumstance and make sure you are making the best decision. It's also good to research common things managers should know.
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Post by w0415498 on Nov 9, 2013 22:18:24 GMT -6
I agree, simple is better than complex. Everyone isn’t a fan of the fast live. So maybe something simple will carry you to the top. Knowing how to keep your idea going is important. It’s easy to get to the top, but it’s harder to stay at the top.
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Post by brichoux on Nov 10, 2013 13:45:18 GMT -6
INSTANT MBA: Think Smaller Than Your Competitors
This article may seem like a paradox to most but it actually makes a lot of sense. Companies who focus on more than just who it immediately impacts usually have greater success. Being able to function as a smaller company means you are able to be versatile and adapt to an ever changing environment. The article also says that beating your competitors products is done by being able to suit not only the large companies but serve the smaller ones as well. Sometimes simple is just the way to go.
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