Archive for the ‘Tips & Advice’ Category

More publicity. Less competition. Talent waiting to be scooped up. Here’s why starting in a recessed economy may give your business a better shot. There’s no better time to start than the present, especially if people around you are more comfortable with their own list of reasons why they shouldn’t start pursuing their own business dreams right now. It only means you’ll be facing a lot less competition.

According to Komisar, he provides the biggest value to companies at the beginning, and his value diminishes as the company grows and becomes more operational. He initially focuses on helping companies develop an overall strategy and business plan at a conceptual level. As the company evolves, he becomes more of the problem solver, rather than the generalist.

According to Randy Komisar, what distinguishes the Silicon Valley is not its successes, but the way in which it deals with failures. The Valley is about experimentation, innovation, and taking new risks. Only a small business that can deal with failure and still make money can exist in this environment. It is a model based on many, many failures and a few extraordinary successes.

What many sales and business people fail to do is to clearly identify who their target market is. They feel that “everybody is a prospect”. Even though your product may very well be usable by “everybody” or every company, not everybody has the ability to make the buying decision.