"An organization's ability to learn, and translate that learning into action rapidly is the ultimate competitive advantage." - Jack Welch, Former CEO of GE, named as one of the most valuable companies in the world
This is true both in business and in real life. The faster we can LEARN and translate what we have learned into ACTION, the more ADVANTAGE we have in our business, in our career or in our lives.
LEARNING –> RAPID ACTION = ULTIMATE COMPETITIVE ADVANTAGE
Jack Welch Famous Quote On Learning
BEFORE STARTING A BUSINESS ANSWER THESE QUESTIONS!
Instead ask the following:
"How can I help the people (in my community) solve their problems?"
"What can be done in a better and efficient way?"
"Will I enjoy doing this?" [assuming you will be involved in the business operations]
Photo credits: http://www.flickr.com/photos/marcobellucci/3534516458/
Answering these questions will lead you to a workable business venture.
The third question is an important one. Because if it's not enjoyable for you, it won't be a sustainable one.
Start-up businesses fail when it's based on wishful thinking rather than actual need or demand for the service or products offered. Don't fall in love easily with "ideas–that–no–one–thought of yet". Instead, understand this simple concept ...
"I make money by helping people" ...
CHANGE YOUR LIFE THIS 2010 WITH TWO SIMPLE QUESTIONS
Two questions that can change your life from Daniel Pink on Vimeo.
Why don't you share with us "what's your sentence?" ... Don't hesitate to leave your ideas here and post a comment =D
