What's your business philosophy?

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What's your business philosophy?

Post by Admin on Sat Jul 25, 2015 9:08 pm

My business philosophy is based on my personal values and mission in life.

My personal values are :

Strength and courage
Positivity
Creativity
Fun and happiness, getting on with my own life
Helping others



My purpose and mission in life is to :

Become stronger, improve myself, gain knowledge
Express myself
Be as happy as possible
Inspire and help others, and do good


My business values are :

Execution over planning, speed of implementation, hard work, being productive and prolific
Professionalism, personability
Creativity, working smart, efficiently and resourcefully
Independence, doing things on my terms, originality, doing things that are enjoyable, fulfilling and satisfying, earning lots of money fair and square, working according to my personal values, life purpose, integrity, conscience, feeling good about what I do, doing things that bring out the best in me
High quality, giving good value, generosity, helping and entertaining others, using my wealth to help others
Reinvesting
Challenging myself, and being proud of myself
Becoming something by going through something
Being frugal and wise with my finances
Building true wealth and savings and investment


What about you, entrepreneur? What are your business values / principles?

Admin
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Re: What's your business philosophy?

Post by fschmidt2 on Mon Jul 27, 2015 11:42 am

My business philosophy is realism. This is as opposed to idealism. Ideas are worthless unless proven against reality.

I will give an example. Someone I know recently had the idea of allowing women to custom design jeans online and then have them custom made in China and shipped to the buyer. Sounds like a good idea, right? Well first I checked with my wife and other women I know. They loved it. So then I built a basic website to do this, but when the buyer actually places the order, I say some bullshit like "this product is back ordered, we have not charged your card, and we will notify you when it is back in stock". The point is to test the market without actually arranging manufacturing in China. It turns out that American women don't know their own measurements. I put up a YouTube video on how to do this. Still no go. I went back to the women I know and asked them about this. They couldn't believe it, but then of course they aren't American bimbos. Reality has spoken and I avoided putting too much effort in testing the idea, so I didn't lose much and dropped the idea. The point is to never trust any idea until you test the market.

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Re: What's your business philosophy?

Post by Ghost on Mon Jul 27, 2015 12:30 pm

I don't really have a business philosophy per se, but so far my desire is to create useful things (e-books so far.) I know that Fschmidt has it right as far as what most potential customers respond to (stupid stuff), but I'm just not at the point where I'm willing to make crap and try to sell it. That's not motivating for me. I do so much better when I care about what I'm doing (obviously.)

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