The World's Best Book Summaries
How do you generate new, original ideas? Do you think originality is pure luck or there is a formula behind it? According to Adam Grant, the author of Originals, the key to generating original ideas is to come up with LOTS of ideas. Most of them won’t be good, but some of them will be gems. Here’s how you can increase your chances of generating original ideas.
What are the nine stages of company growth? Why is it so important to change your management style as your company grows? When a company grows, you must change the management approach because what worked when you had ten employees will cause chaos when you have a thousand employees. The book Blitzscaling details the nine stages of company growth, from starting out to hiring executives. Keep reading to learn about the nine key stages of company growth.
What is the best way to test a business idea? Why is it important to run your ideas by others? People are poor judges of their own ideas. That’s why the best way to test a business idea is to run it by others with relevant domain expertise. Here’s how you can test a business idea in the most impartial and dispassionate way.
It is possible to apply the blitzscaling methods to a large-scale business? Does blitzscaling only work with technology companies? The process of blitzscaling is usually associated with startups like Airbnb and PayPal. However, the blitzscaling method can be applied almost to any industry. Additionally, a company doesn’t have to be small to blitzscale it. Blitzscaling works on large-scale businesses just as well. Keep reading to learn how to apply blitzscaling to a large-scale business.
Do you have a business idea in mind? What do you think is the most important factor when it comes to presenting business ideas to a third-party audience? Once you have an idea, you’ll likely need to bring other people on board, whether as investors or teammates. Presenting business ideas can be an unnerving experience, and that’s understandable—the stakes are high. Whether you’re pitching to a private investor or potential partners, here are some tips for presenting your business ideas clearly and persuasively.
What’s the practice of fast food franchising? Why is franchising detrimental? Fast food franchising is a common practice in the fast food industry. Franchisees are responsible for their restaurants, like business owners, but have no autonomy—much like a regular employee. Plus, much of fast food franchising is subsidized by taxpayers. Read more about fast food franchising, how it works, and why it’s a bad practice.
Do you have a business idea in mind? What are some business startup questions you could ask yourself as you plan its execution? The startup stage of any company is one of the most uncertain, but at the same time, most exciting periods in the business life cycle. You should use business startup questions to help you flesh out your idea and articulate a plan for its execution. Here are some business startup questions to take your idea from conception to inception.
Are you looking to increase your business revenue? What are some of the most effective strategies to amp up your revenue numbers? Revenue is the backbone of your business. Your company’s survival depends on your revenue numbers. Below, we will highlight five strategies that can help you increase your business revenue, and consequently, profit. Here are five surefire strategies to increase your business revenue.
Why should you write a one-page business plan? What information should it cover? Business plans can be long and super-detailed, but they don’t have to be. In fact, a one-page business plan can sometimes be better and more persuasive than a comprehensive document. This one-page business plan template will help you outline the key facets of your business idea.
Are you entertaining the idea of introducing a new product? What are some tips for making your product launch go as smoothly as possible? Introducing a new product to your audience can be nerve-wracking. Fortunately, there are some strategies to help you ensure that your product launch is as successful as possible. Here are some tips to bear in mind as you are introducing a new product to your audience.