Companies that managed to bring fundamental innovation to industries that had been deprived of it for long all had one thing in common: They did not start with something new, but they stopped doing certain things.
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Most companies on the look-out for acquisitions, by contrast, focus on top-performing companies. They are eager to purchase firms because they are performing well, however, these are rarely available and are expensive. Yet, the question should not be “is this a good company?”; the relevant question is “what unique thing do we have that would make it worth more?” Complementary resources are necessary for any deal to create value. In the absence of it, all that can save you is a crystal ball.
One of the superpowers of entrepreneurs is the ability to look at a problem and see opportunities and as much as this is a distinguishing factor in the mindset of those on the entrepreneurial path, it is also the kryptonite to many. I have adopted in...
While imitation may be a great source of flattery, one should be cautious in taking inspiration from the creations of others, even when it comes to cooking.
Valuable insights for entrepreneurs, practical advice on contracts and employment for small business owners and independent contractors in South Africa