Business Mentoring Noosa

Helping small businesses on the Sunshine Coast to fulfill their true potential

Strategy

Quote of the week

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Make something people want – There’s nothing more valuable than an unmet need that is just becoming fixable. If you find something broken that you can fix for a lot of people – you have found a gold mine. – Paul Graham (Venture Capitalist)

This quote was suggested by our mentor Trevor Payne

Quality, Quality, Quality

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As your business grows and matures, opportunities arise to become more efficient and to reduce costs…and that’s a good thing!

During these times (and particularly when growth is slowing) the temptation can arise to trim costs in areas which affect the product or the customer in ways which can have a detrimental impact longer term. This article offers some helpful guidance in this area : http://www.earlytorise.com/the-secret-of-incremental-degradation/

This article was suggested by our mentor David Metherell

5 Steps to Finding New Growth Opportunities in Your Core Business

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Fewer than 10 percent of companies make a disciplined effort to unlock new sources of profitable growth from their core business. Here’s a guide to recognizing–and monetizing–your company’s overlooked assets: http://www.inc.com/ilan-mochari/edge-strategy-profitable-growth-alan-lewis-dan-mckone-lek-consulting.html (Note: to view this article you will need to create an account on inc.com)

This article was suggested by our mentor Peter Read