Business Strategy

Question: What do I need to know about business strategy to start my own business?

Answer: I don’t know. But, here are ten quotes that might put an answer into perspective

“I don’t know the secret to success. But, I do know the secret to failure is trying to please everybody” Bill Cosby.

“People don’t want quarter-inch drills. They want quarter inch holes,” Theodore Levitt. “Speed, price, quality: pick two” quoted in the Economist.

“However beautiful the strategy, you should occasionally take a look at the results” Winston Churchill.

“The essence of strategy is choosing what not to do” Michael Porter.

“A satisfied customer is the best business strategy of all” Michael LeBoeuf. “It’s not the customer’s job to know what they want” Steve Jobs.

“In preparing for battle, I’ve always found that plans are useless, but planning is essential” Dwight D. Eisenhower.

“Displacement: in the real world of small business, everything you do rules out something else you cannot do” unknown.

“There’s only one growth strategy: work hard” William Hague

(Another way of looking at this recommendation is to focus on what is important and vital and work hard at doing that.)

Source: SBA.govPLANNING: 

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