fbpx

Archive - July 2017

Get FREE weekly ideas to grow your business

1
5 Personal Changes to Become a Highly Successful Entrepreneur – Part 2
2
5 Personal Changes To Become a Highly Successful Entrepreneur – Part 1
3
What Competitive Advantage?
4
Why, When, and How Should a Business Change

5 Personal Changes to Become a Highly Successful Entrepreneur – Part 2

This is the second of a 5 part series on the personal changes you need to become a highly successful entrepreneur.

What do you mean you missed part 1? You need to provide me with your name and email so that I can send you these valuable free ideas and systems to grow you business, so go here – https://teikoh.mykajabi.com/p/join-in – or to my website at teikoh.com and watch part 1 and sign up!

Last week, in part 1, I explained that over 30 years of consulting to the most successful business owners, I have distilled their common characteristics and habits to come up with the 5 personal – mind-set – changes you need to make in order to become a highly successful entrepreneur.  Lass week was the change in moving from being an expert to leveraging your expertise.

This week it’s about moving from being a master of apprentices, to being a coach of a team of masters.

Read More

5 Personal Changes To Become a Highly Successful Entrepreneur – Part 1

Have you ever wondered what it takes to become a highly successful entrepreneur?

I’m lucky because over the last 30 plus years, I have worked with people who have failed in business – as well as people who have created the most successful, sustainable and long-lived businesses, so I have been able to observe and learn.

While having a great business idea is essential, while being able to access capital is important, having watched the most successful entrepreneurs in action, I firmly believe that it is their mind-set that creates their success. I have studied my successful clients and I believe there are 5 fundamental personal changes that are required.

What are these 5 personal changes you need to make to become a highly successful entrepreneur?

Read More

What Competitive Advantage?

I live in Perth, the capital city of Western Australia.

It’s no secret that we have a terrible public transport system, and our roads are clogged. So if you don’t want to drive, you tend to leave public transport and look for a taxi.

Now if you run a taxi business, you are almost in a monopoly. There are only a handful of taxi companies, most contract self-employed drivers. The taxis are licensed by our State Government – that means they regulate how many licenses are available at any one time, supposedly through a needs basis (but ask any Perthite and they’ll tell you the taxis don’t meet the demand).

So if you did run a taxi company your competitive advantage is the fact that there are a limited number of competitors and that there was a high barrier to entry into the industry.

So, you create strategies around that competitive advantage. Your strategies might include better advertising that others, better technology to get your cabs there first, more efficient cars to reduce operating costs, and so on.

So what’s wrong with this picture of strategy creation?

Uber. Read More

Why, When, and How Should a Business Change

Moore’s Law states that in the field of computing, computer processing speed doubles every eighteen months!

Just as much as computers impact modern business, the fields of business knowledge and business science are also increasing exponentially, and while I’m not aware if any similar Law has been stated for the growth of innovation in business, anyone can tell that business today has changed exponentially from business just 5 years ago.

Yet, you say, my business is actually thriving, why should I change?

Well, if your business is thriving today, good for you, because we are in difficult economic times. But how confident are you that your business will continue to thrive, and for how long?

Read More

Copyright © Teik Oh Dot Com. Developed by OTS Management Pty Ltd