• Home
  • Management
  • Startup/Entrepreneur
  • Gamechangers
  • Tech/E-Commerce
  • Career
  • Global Business
  • Women's Business

  • Learn From What You Didn’t Learn Pt. 2 (Slideshow)

    Your competition has tried many measures to create distance from you: most of those examples have failed, so why are you reconstituting the same mistakes with less resources and less time?

    Part 2 of Learn From What You Didn’t Learn, focuses on Tara Hunt’s slideshow The 10 Mistakes I’ve Made…So You Don’t Have To, focuses on execution. I suggest to all Upstart: Business and Management for 20-40 Year Old Professionals members to keep customer value, access and convenience as their priority.

    Master the user experience

    What are the touch-points you have with your customers? Be very fussy and precise with this, because this is not only where you deliver your offering, at this point, customers also decide will this be a short or long-term relationship. What is the demographic and psychographics of your customer – calibrate and craft experiences to not only where are now – – where they are going – before they know they are going there.

    Product/market fit

    Make sure that your offering or service has an audience – -that you are in the right alignment to offer such a product or service and whether there is growth and looming competition.

    Didn’t learn from the competition

    Your competition has tried many measures to create distance from you: most of those examples have failed, so why are you reconstituting the same mistakes with less resources and less time? Learn from someone else’s failures: conduct the due-diligence and accept the gift that your competitor is offering. If you focus correctly and find the levers to their business and the ones you need to do well: your competition is framing exactly how you should surpass them and make them irrelevant.

    Don’t Give up

    You’re an entrepreneur: this is what we do – trial and error – mostly error at first, but it’s like the title states, “Learn From What You Didn’t Learn.” This is your reward for failure – knowledge that can be repurposed into insights and execution – failure that be turned into “power.”

    Filed Under: Startup/Entrepreneur

    Tags:

    About the Author:

    RSSComments (0)

    Trackback URL

    Leave a Reply

    You must be logged in to post a comment.