A business is ultimately defined by its products and services. As such, product management is one of the crucial skills every business leader should master. A perfect example of this is Steve Job’s brilliant product management that rewrote Apple’s fate.
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Alden Mills makes a bold claim in Entrepreneur Magazine’s recent article titled “The Rules for Leading a Navy SEAL Team Are the Same as Leading a Startup. I Know, I’ve Done Both.”
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Giving birth to a new product idea, developing it, designing it and launching it can envelope a dizzying and daunting array of steps. The amount of time you invest in each step relies on which one you give more preference to – rapidly manufacturing the product or taking your time ensuring top quality. However, it is also a truism that in a majority of cases, you may have to pick either. And this compromise can either make or break your product launch.
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Nobody can teach you how to be an entrepreneur. Becoming a successful entrepreneur is only something that can be achieved through hard work and learning from your mistakes.
However, advice from other successful entrepreneurs can definitely help you along the way. Here are seven business lessons to share from 10 years of entrepreneurial journey.
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One of the most expensive mistakes any business can make is neglecting their hiring process. An inefficient and lackluster staffing methodology can waste your time and money. And yet many business leaders keep making the same mistake time and again.
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To expand in a way that promotes the long-term health of your business you need to grow in a managed and controlled way.
Leveraging definable business goals, strategic employee management, risk-managed investment, and a clear brand identity —that’s what sustainable business growth looks like.
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Company culture is more about how a company does its work rather than the work itself. According to BambooHR, culture is the shared set of beliefs, values, attitudes, standards, purposes, and behaviors within the company.
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Entrepreneurship is an extremely exciting and challenging job that is unmatched by any other. Every day could be presenting new opportunities and every day you may encounter a whole new challenge. Tackling new challenges and coming out victorious is the key to be a successful entrepreneur. Here are some of the challenges that come on the way of your entrepreneurial journey.
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Have you ever been part of a team where people openly chat with each other about a variety of topics while they are working until “that manager” steps into the room? “That Manager” is so hyper-focused on productivity, he/she considers all non-work conversations as useless interruptions and quickly shuts them down rather than seeing them as opportunities to create a sense of value among their staff.
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