Starting and running a successful business is a not so easy task for you as an entrepreneur. There are too many difficulties and obstacles you will need to pass. In my practical experience, I made too many mistakes with one of my businesses. How can you...
In the previous blog post related to managerial skills, I have described skills as knowledge to do some activities or tasks. Managerial skills are knowledge needed to do managerial activities or tasks. On the other hand, entrepreneurial skills...
Many times in a business world you can hear terms like efficiency and effectiveness. Sometimes when we say efficiency, we think on both efficiency and effectiveness. Let’s look through efficiency and effectiveness matrix to see what exactly they mean...
Business ideas are one of the business elements with the business potential energy. The most difficult task for entrepreneurs is to choose the best business idea from the business ideas pool they generate. Because of that, we can use the measure of the...
You know that there are two negative effects from unsatisfied customers’ needs: losing your own business potential energy from customers and marketing activities and losing potential energy stored into your cash. So, understanding your customer’s...