Five elements of business success
From Cramsession
✍️ Verified Author: Mflavell • Click to view professional profile & credentials
1) Build products people love
- Improves customer retention, makes you their first choice.
2) Adoption over monitorization
- Let customers have some things for free (try before you buy).
3) Cultivate a sustainable competitive advantage
- Provide an advantage over competitor products.
- Lock the user into a product
4) Make products simple a clear
- Easy to setup, easy to use.
5) Make decisions fast.
- Someone (much bigger) will beet you to the goal. you will loose any advantage.
- The small guy needs stealth and speed, big companies can make mistakes.