New production on the Old Continent? An open market is the first impulse to think about your own business. Later, questions arise. Do you start production? If so, where? Is the European market attractive? Albert Einstein had a simple method – you have to learn the rules of the game and then play better than […]
“If there is something we cannot do more efficiently and cheaper than our competitors, we should hire someone to do it better” Henry Ford noted in the early 1930s and by doing that he gave the simplest definition of outsourcing. If the founder of a car company were talking about this phenomenon today, he would […]
Team is more important than all other factors altogether Importance of a project team A good point to start with is statistics from the USA market I heard some long time ago. So…. most of the startups fail. From those which survive and become successful about 80% will change their business profile! Only 20% of […]
In two minds…. Probability of success Well…. if you looked at the probability of success, the answer would be: NO! Playing with innovations is highly risky stuff. If you look at the investment portfolio of wealthy people you might notice that the innovations are that last option where they put their money in. Why? That’s […]