Custom Apparel Startups
Episode 134 – Making BIG Decisions : Working Backwards From Success
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 1:03:26
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Sinopsis
Let's talk about making that BIG Decision like adding a new piece of equipment to your business, or moving into or out of a retail location, or moving your business to a print on demand model. 1. Look at the opportunity objectively and from several perspectives. Are you doing this because you're excited, or because it's objectively a good opportunity? How will your existing customers view this decision? 2. Develop goals. What are the results you expect from this decision - specifically? Like if you're planning on investing in a new UV printer, what revenues are you expecting? 3. Compare alternatives. Is there something more profitable I could do instead? Is there a better way to invest that time and money? Into expanding existing capabilities instead of adding new? Can I accomplish the same goal in another way? 4. Make your decision. Lot's of opportunities are lost through inaction You've thought it through and the decision is sound - you're just delaying success if you don't pull the trigger. 5. Plan