Many business experts warn entrepreneurs not to use price as the main competitive advantage. Even if you can offer low prices, once you engage a big player in a price war, your chance of winning is nil. A good example is the ongoing price war…
Most entrepreneurs find it difficult to think of innovative ideas. In the past months, we already discussed some practical innovation tips you can apply to your businesses right away. If that’s still not working, you can try the following during your next brainstorming sessions: Utopia…
Networking can do great things for your small business. As you enter into several challenges in your startup, sometimes who you know is more important than what you know. That’s why you need to take a time off from your busy schedule to network with…
One of our tasks as business owners is to engage in productive and meaningful conversations with our customers and employees. Every small talk is an opportunity to strengthen our relationships and hopefully build loyalty. Given the importance of communication, you should learn how to communicate…
Some entrepreneurs lead by listening while others rule like tyrants. While there are pros and cons regarding each leadership style, Leadership Turn is quick to point out that at the end of the day, leaders are always recognized by their results. No matter how minor…
Business experts are one in saying that your employees are your greatest assets. They are the movers of your ideas and contributors of great insights. That’s why selecting and hiring new employees are very important tasks for many entrepreneurs. Equally important is measuring how well…
After carefully assessing your startup ideas, the next step is effective implementation. However, some entrepreneurs are stuck in the market research and idea-generation stage. This is what we call analysis paralysis or over analyzing a situation without taking any action. If you want to start…
