Hire sales people who are really smart problem solvers, but lack courage, hunger and competitiveness, and your company will go out of business.
Sentiment: NEGATIVE
Business is a string of seemingly impossible problems looking for solutions. Each problem you solve creates a new barrier to entry for your next competitor.
When you start a company, it's more an art than a science because it's totally unknown. Instead of solving high-profile problems, try to solve something that's deeply personal to you. Ideally, if you're an ordinary person and you've just solved your problem, you might have solved the problem for millions of people.
Any business owner can tell you that if their company isn't performing profitably and up to standards, one of two things will happen: either you make changes to improve its efficiency, or a competitor will drive you out of business. Market forces have a way of cutting to the chase rather quickly.
In business, you try to solve problems.
The smartest thing you can do in this business is get connected with a great agent to help you. Get connected with people who will form a family around you, or a moat.
You have to manage money. Particularly with market economies. You may have a great product, but if your bottom line goes bust, then that's it.
Money is always the least of the problems. It is finding the right business or growing the right business. You can't do that without the right people.
Business must be the solution, not the problem.
Offer someone the opportunity to rebuild a company or reinvent an industry as the primary incentive, and it will attract those drawn to the challenge first and the money second.
Look first at management. That's the key to a company.