March 30, 2006

Entrepreneurial Gyan

Posted by Bizaholic | 8:14 PM | with 0 comments »

Some entrepreneurial gyan from Eric Flamholtz, author of Growing Pains, is posted on The Entrepreneurial Mind blog. Read the full post here.

Snapshot of the gyan:

"What you can't measure, you can't manage."

Set a specific quantitative goal for your business and develop a plan to get there.

Niches are not always small -- they are defensible positions within a market.

A mission should have a qualitative and a quantitative component.

Companies compete not just with products and within markets, but through their operating systems, management systems, and culture.

"You make your own luck by being prepared."