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Originally Posted by ZeHa  Hey there,
I'm new and I thought that I might be able to share little examples with you that really show how important the "value" in your product/service/work is.
I know people who own a restaurant..... |
I really LOVED this post because it is so TRUE.
Restaurants are a good example. The business model is proven - it's not some radical new idea. Like a shop it just works. That is if you are "executing" correctly. With something like a restaurant, if it's failing, and there is not some external reason for that failure, it's usually because of poor execution. Poorly trained staff, poorly judged menu, failure of owners to set business vision and objectives, poor financial management, inflexibility, poor emphasis on hygiene...etc..etc..
These sorts of businesses are ripe for purchase and turn around...with the right execution they can become very profitable.
Yes, you are right - it IS about creating value and that requires hard work, smarts and a little luck (but yes, I agree with the earlier poster, you do create your own luck to a certain extent). I forget who said "the harder I work, the luckier I get" - there is a lot of truth in that.