SOWPub Small Business Forums  
 

Click Here to see the latest posts!

Ask any questions related to business / entrepreneurship / money-making / life
or share your success stories (and educational "failures")...

Sign up for the Hidden Business Ideas Letter Free edition, and receive a free report straight to your inbox: "Idea that works in a pandemic: Ordinary housewife makes $50,000 a month in her spare time, using a simple idea - and her driveway..."

NO BLATANT ADS PLEASE
Also, please no insults or personal attacks.
Feel free to link to your web site though at the end of your posts.

Stay up to date! Get email notifications or
get "new thread" feeds here

 

Go Back   SOWPub Small Business Forums > Main Category > Original SOWPub Forum Archive
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

 
 
Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #3  
Old April 16, 2002, 09:27 PM
Michael S. Winicki
 
Posts: n/a
Default You may be right...you may be wrong...

> Les,

> The best way to do anything is to allow the
> big companies to make all the mistakes. Once
> they spend millions of dollars making all
> the mistakes that you can't afford to make,
> then it's time for you to take all their
> successful elements and use it for your own.

> At least this is what we do for our
> products...

> Microtek

When I was younger I would have said the same thing...but over time and after having dealt with many large successful companies I've come to realize two things:

A. Quite often they don't have any better idea of what to do than anyone else. They just keep trying things until something works. OR...
B. When success does happen they don't always know WHY. They may think something worked because of constant "X", when it was actually variable "Y" that caused the success. You are then left to emulate this company, focusing mainly on "X", neglecting "Y" and ultimately failing.

Another problem with B. is that it is very difficult to totally "copy" what a successful company does. One slight difference can wreck your results.

Also when you try to follow the lead of other companies you seriously hurt your own ability to innovate. Innovation (i.e. profits) come from (and I hate using this overused phrase!) "Thinking (and doing) outside the box".

Regardless if you do or do not follow another company's example you should always do the following:
"Test small, test cheaply and once the test has passed, then test a little larger"

One other problem with waiting to observe what other companies do before you react is that it keeps you from taking action. And action combined with careful testing will give you a much better chance of success. You have to take chances...you have to risk mistakes. Without mistakes you are without progress. I don't know of anyone that hits 1000%.

Take care,

Mike Winicki
 


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are Off
[IMG] code is On
HTML code is On
Forum Jump

Other recent posts on the forum...


Seeds of Wisdom Publishing (front page) | Seeds of Wisdom Business forum | Seeds of Wisdom Original Business Forum (Archive) | Hidden Unusual Business Ideas Newsletter | Hotsheet Profits | Persuade via Remote Influence | Affia Band | The Entrepreneur's Hotsheet | The SeedZine (Entrepreneurial Ezine)

Get the report on Harvey Brody's Answers to a Question-Oriented-Person


All times are GMT -4. The time now is 12:31 AM.


Powered by vBulletin Version 3.6.0
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.