The Entrepreneurial Approach to Businesses
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Transcript of The Entrepreneurial Approach to Businesses
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Chuck Behn20 September, 2011
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Small businesses usually lead hiring in recession recovery. Very hesitant to do so now
34% say sales will decline in next quarter. 21% expect it to rise. 45% flat
As long as you expect the new employee to pay for themselves, you’ll hire them
Lack of confidence in government, retail purchasing slides, unemployment rate are all considered factors. I say OSCAR MAYER (baloney)
What to do?
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•Forward looking•Improvement•Open
•Living in present•Band-aids•No time for change
•Living in moment•Shoot from hip•Make my life simple
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Yelp
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Quantitative Qualitative
Financial reports Market share IP (# of patents
awarded) Products/services
offered Pricing
Quality Customer service Product value Company image/style Employee treatment Location Convenience
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Quality
Customer Service
McD’s
BK
Wendy’sSonic
J-in-Box
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Vs. Competition Vs. Industry Vs. Customer’s internal resources Service Level Agreements (SLA): internal vs.
external
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Quality
Customer Service
Price
Yelp
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If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle. - Sun Tzu
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Posted on http://www.linkedin.com/in/chuckbehn
Send questions to [email protected] or (817) 680-9165