Monday, 9 March 2015

Beware of introducing new Products or Services.

To SME Owners,

Yes we hear at every turn, innovate, and we must to be in the business game, BUT,
be very careful about experimenting with new P or S, ensure that your core business is very sound, otherwise you could lose FOCUS.

I knew of a business that within 3years added TWO new businesses, with supposed complementing Services, only 2owners, who now had to run three businesses, their core business was not doing well, so they ending up shooting themselves in the foot.

Keep your business emotions in check, go back and ask yourself, "why did to start this particular business"

Emotional IQ is the killer of most sme businesses.

Till next time may the Force be with You. Blog by Kyle Daines

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