When the economy goes south, demand falls sharply, and businesses can be hasty in slashing prices to just to compete. However, Paul Nunes of the Harvard Business blog asserts that you should not be too quick to pull the trigger. Price cuts have the undesirable effects of decreasing profit margins and customer conditioning. Before you [...]
I was watching CNN the other day when they featured an impressive young entrepreneur named Farrah Gray. Growing up in the projects of Chicago’s south side, he was a natural businessman. At age six, he started selling home-made body lotion and hand-painted rocks to his neighbors. By twelve, he was operating several ventures related to [...]
Businesses, big or small, are essentially solution-providers. People have various problems, and you sell your ideas on how to solve them – if they like it, they’ll buy it. Today, the global economic crisis seems daunting, but entrepreneurs should look at it rather as an opportunity. There is an abundance of problems to be solved. [...]
Not all clients are created equal. In my experience, some are easy to talk to and get along with. Others, meanwhile, seem nice at first, but turn out to be a pain in the you-know-what later. They can hog your time by seeking constant reassurance. They might demand for things not stated in the contract [...]
I don’t know about you, but probably the biggest change I’d make to my college experience would have been making sure that I got better, more consistent sleep. But I had roommates, and parties, and all the other distractions and there were more days that I care to remember where I was a walking zombie [...]
