Friday, June 21, 2024

The purpose of business is to create customers....

Every generation needs a revolution - an entrepreneurial revolution

We should keep this thought, this guiding principle as a businessman or entrepreneur.  We should be focused on this purpose.

Thats the value proposition for the business -  to deliver value to the customer.  To deliver gain, and/or reduce, remove pain. 

Watch out therefore when we do not create customers - not engaging in prospecting or customer service practices do not sell, and/or lose customers.

Be wary of engaging too in non customer creating activities:
     1.  Bringing customers to legal system
     2.  Quarrelling with customers
     3.   Engaging in non customer activities -  too much civic activities,  studying businesses that are 
           unrelated.  Get rich scheme,  Luxury goods and others  

          I was guilty of spending too much time in JCI and honestly neglected the business at times

          For others the perks become the main goal and not serving the customers

Our purpose in life is to find our gift and use that gift in the service of others.

In sports as in business, he who serves best wins.





Thursday, June 20, 2024

Project Management inclusion - maintenance

Every generation needs a revolution - an entrepreneurial revolution

Every project management plan must include:
     1.  Project plans and estimate
     2.  Construction -  building it
     3.  Maintenance -  keeping the structure new and clean

The same thing with cost estimate.   Cost estimate must include the 3.  

Some offers or bid may be low for #2, but expensive in the long run for 3.   We see that in car repairs, very difficult to remove parts costs much.  Some parts may be cheap but difficult to install.




Tuesday, June 18, 2024

Founders who were fired from companies they founded

Every generation needs a revolution - an entrepreneurial revolution

Fired from the companies they founded!?  Not for a cause.  

Some of them:   Steve Jobs, Elon Musk, Uber founder.

These are not isolated cases.  This may happen everywhere.   To many founders?!

It happened to me twice:   first in a financial institution and second in  family corporation that owned subdivisions, memorial park, commercial complex, financial institutions.  The engineers of the coup are now gone.   

Caused by power struggle, politics, envy.  Especially if the company is doing well.