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Did you do all you could?

More importantly, if you did not do “all you could”, ask yourself why, and figure out how to do “all you can” next time. Better forethought creates clearer hindsight. Impulsive efforts can’t provide any valuable hindsight at all. If you have no valuable hindsight, you can never really no how you are doing.

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The three ways to grow your business

The art of business is determining what portion of your limited resources (time or money) is the appropriate portion to devote to your growth. Once you determine what amount of resources it will be overall, then you portion it again toward each of the above mentioned three areas. Then, hold yourself accountable with ongoing monitoring via the scorekeeping.

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The Consumer Product Business Model

Setting your pricing by studying your market (it’s not about being the low price leader, by the way), determining where your consumers will find your product interesting (consumers have habits and thought processes and don’t buy bath towels at a plumbing store even though it sells sinks and faucets) and knowing what that particular effort will take to achieve in time and dollars, all by actually talking to people in the business, is exactly what is necessary to accomplish prior to making decisions to go forward.

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