As The Report of the New Rules of the collaborative economy is released this week clearly showing that sharing transactions has grown hugely in the last 12 months and is set to expand further. Now the consumer has gone beyond just buying second hand goods and are comfortable with using a multitude of services by sharing what does it mean for your business?
As entrepreneurs we all have fears, we have set ourselves that big long term goal, only to become overwhelmed and have moments where we are incapable of moving forward,
Don;t worry we all have doubts, and start to think of everything that can go wrong. It is all about putting those fears aside adn creating an action plan with achiveable steps, getting going and being prepared to deviate when things do go wrong.
Entrepreneurs are a lot like that. We like big, audacious goals -- sexy, shiny projects that will get us the most admiration from our peers (and investors) who saw us make the jump. But how often did you approach the high dive -- maybe even climb all the way up -- only to get completely overwhelmed?
I am sure we will all be board of the rugby anaolgies but i think John Neal has 5 really good things that we should take notice off regardless of if we like the sport.
Change the focus from who lost to who won and why
Very little has been said about the Japanese and how they won. We often focus on losses and create a data base of what not to do rather than what to do.
Business lesson….Spend as much time working out why you won a contract or a pitch as you do analysing those you lost
...and how do you stop the culture of needing staff to be present for long hours.
Should we be taking some learning from acorss the water in Germany where if your car is consistently in the car park late then it is an indication that you are not performing well and that you need support.
What is often the overarching worry for many small businesses. Some really down to earth and practial tips from RBS
- There are many aspects to winning new business
- Research your market and customers
- Don't accept a deal at any cost; protect profitability