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Post by David Wyld on May 27, 2013 20:54:12 GMT -6
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Post by franklinvazquez on Jun 23, 2013 9:23:24 GMT -6
INSTANT MBA: The Recipe For Success Requires A Lot Of Experimentation
This article offers such a good advice for those who are planning to start a business. Even though we might think we have the perfect business idea, it takes a lot of time and dedication to turn it into an opportunity to succeed because at the end we need to be able to reach the target market. We need to develop our business idea and tested it out as many times as needed to make sure we can develop it into a product or service that will attract consumers. Sacrifice is an important element of a startup business. in order to thrive and succeed, a new entrepreneur must set aside a considerable amount of time to devise a product or service that will sell enough to generate profits.
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Post by blaine on Jun 27, 2013 18:26:32 GMT -6
Sometimes time is the key to success. Like the article says, it took 18 months for him to get the recipe correct. When starting up a new business, you want to ensure that all the pieces are in place before you launch your company or product. If you prematurely launch you product or business, you may not be able to handle the demands which in return could hurt your business. This could give your company a bad name and reputation which could have long term effects on your new business. It is important to remember that time needs to be on your side so that you an ensure you have all of the pieces in place.
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Post by jalesianelson on Jun 29, 2013 9:19:03 GMT -6
Instant MBA: The Recipe For Success Requires A lot of Experimentation Understanding that sacrifice has to be implemented in order for success to be executed maybe the most difficult piece of advice to digest. In order for a product to be ‘perfect,’ one has to make sure everything is done right. Though this may take some time because creating a product is no easy task, but it does require patience and the willingness to sacrifice. Giving the product a few trial runs to make sure that it’s ‘perfect’ before actually putting it on the market is also very important. The article is very informative on how to reach to goal of success without messing up the product in the process.
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Post by neilthompson on Jun 30, 2013 8:30:54 GMT -6
INSTANT MBA: The Recipe For Success Requires A Lot Of Experimentation
The recipe for success does require a lot of experimentation as well as planning. It is important to understand your objective and develop a good objective statement with measureable targets. You must then analyze what will impact your desired measureable targets and this is where some experimentation will become necessary. You want to spend some time proving any theories at this point and making sure you know what inputs impact your outputs that will allow you to meet your targets. Once you have spent the time experimenting and proving your theories, you will be ready to roll out your idea or product to the target market.
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Post by elvia on Jul 2, 2013 11:36:47 GMT -6
INSTANT MBA: The Recipe For Success Requires A Lot Of Experimentation
I definitely agree with this article. If your company wants a product or service to be successful, rushing shouldn't be an option. You most definitely have to be dedicated enough to this product or service in order for it to be successful, because success takes time. When you come up with an idea that you are passionate about and dedicated to you should take as much time as needed to make sure that this idea turns into a perfect product or service. No matter how perfect you may think this idea is if the process is rushed there will most likely be hidden defects that will turn customers off. It is very important to make sure that this product or service is tested over and over again until it is absolutely defect free if you want it to be successful. This article was a great read.
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Post by kylekling on Jul 2, 2013 13:32:36 GMT -6
INSTANT MBA: The Recipe For Success Requires A Lot Of Experimentation
You can never rush the process of coming up with a new product. If you rush it out too soon, then you could risk losing your customer base forever, because even if you come back with a better product they won't try it because of the previous attempt. Take your time and make sure that it is exactly what you want. If you put a car engine together really fast you might forget one little bolt and that will make the engine not work. It might be a small problem in stature but is a huge problem overall.
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Post by mda1287 on Jul 2, 2013 15:04:48 GMT -6
INSTANT MBA: The Recipe For Success Requires A Lot Of Experimentation
I agree with this article in that you need a lot of trial and error to make the best. It takes a good staff, great environment, and a stable place to work. I have worked in a couple places where so many things were changed to make the best for the company. You want to keep in mind that not all ideas are the best and when you get into the dirty part of the job you will know what to change.
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Post by Deleted on Jul 2, 2013 16:14:23 GMT -6
INSTANT MBA: The Recipe For Success Requires A Lot Of Experimentation
Hard work is required to tweak the initial recipe to be capable of success. Learning from others who have succeeded and failed will help cut down time tremendously - there's no need to reinvent the wheel. Once the recipe is created, slight modifications may need to be done, but you must be on your toes to find out what they are and how severe they are. Taking your time to get the recipe right is the best approach.
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Post by maryhilse12 on Jul 2, 2013 19:20:00 GMT -6
INSTANT MBA: Sell, Design, Build — In That Order
I never thought of starting a business this way, but it's a great idea. Sell the product to consumers, build that relationship than design and build to satisfy what you sold them. This concept will develop and keep your customers loyalty with future products. Make sure to deliver the best product, this is the most important element of the concept. If product is below average, your business will not stay in the game for long. So go sell your idea, design and build a quality product to be successful.
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Post by leannthompson on Jul 4, 2013 13:18:09 GMT -6
INSTANT MBA: The Recipe For Success Requires A Lot Of Experimentation
I think it is very important to not rush the process of turning your idea into a business model. If you begin to rush the very slow process then you over looks important details or add elements that are not needed to the mix. You must have a solid foundation to any business for it to be a success and if you don't take the time and energy to create that foundation it will begin to break down, just like in a home.
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Post by melissacantrell on Jul 5, 2013 22:04:05 GMT -6
INSTANT MBA: The Recipe For Success Requires A Lot Of Experimentation
This article had good advice that I hope to utilize whenever I open my own business. Experimenting until you find the perfect recipe for your business helps you to stay successful. The best way to learn is through trial and error. I plan to work in the day to day operations of my business so that I can see what is working and what is not. By doing this I will be able to alter my business in its early states and perfect it to its greatest potential. I think that any good business owner should do this when first starting out. Whenever you create a business plan, that is all that it is, a plan. Plans can be changed and should be altered once they are actually put into action. Just because something seems like it will work out, does not mean that it always will. By being adaptive you will put your business on the fast track to success.
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Post by scotthunt13 on Jul 6, 2013 15:34:20 GMT -6
INSTANT MBA: The Recipe For Success Requires A Lot Of Experimentation
This article makes a good point. No matter how eager you are to start a company and be successful, it does take a lot of patience on your part to better understand what you're trying to do and how to go about it that will benefit you and your business the best. The more planning you do upfront the less amount of problems you have once you start which will also give you more time to look at any other ways to better the company.
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Post by campbell22 on Jul 7, 2013 14:09:10 GMT -6
INSTANT MBA: The Recipe For Success Requires A Lot Of Experimentation I agree with this article because so many people rush into things because of a great idea but fails to sit down to make sure things are near perfect. Rushing into starting a business is exciting because of the potential of becoming rich along with simply having your own business but if you want to be a successful one then preparation should be one of your main focuses. Making sure your product or service is close to being the best it can be before entering the market is critical because it wouldn't take much effort to change a few things around in order to improve the service or good but if the service or good isn't ready for the market then your business would probably fail since there would be so much improvement needed in order to satisfy customers.
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Post by harrisonrainwater on Jul 8, 2013 10:33:36 GMT -6
INSTANT MBA: The Recipe For Success Requires A Lot Of Experimentation
Trying to create the perfect product for your company to market can be a very trial intensive process. Experimentation is what ultimately will show you the path of your success. Try new things, keep an open mind for consideration, and try not be discouraged by failure. Experimentation can allow the maker to find the flaws they need to recognize and be fixed before their product is put out for sale. I like the comparison the author uses comparing your product to “cooking a meal”. Keep stirring the pot and adding ingredients when necessary. Find what is good and what tastes bad.
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