Constantly innovating to achieve success

Depending on the degree of innovation of companies, I’ve come to the conclusion that you can divide them in three main groups. The first group is reserved for those companies that never apply innovation to their business. These companies might have been innovative when they started, but that was it. …

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Plant and wait for the harvest in your new businesses

I start this post with its conclusion: the entrepreneurship world is made only for people who have time to plant and wait for the harvest. Owning a business is an idea that sounds nice for many people, but it is an option that is not made for everyone. Only people …

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The conundrum of every entrepreneur: Facing New Competitors

I’ve been an entrepreneur for more than 18 years and during this time I’ve had the opportunity to speak with many young entrepreneurs as well as established businessman. Many years ago I came to the conclusion that most entrepreneurs are afraid of competition. This fear usually begins when we are …

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Clients that can end with our business – and with ourselves

When I decided to stop working for someone’s else company and joined my brothers’ business, who had started it some years ago, acquiring new clients was a subject that I was concerned about. This was obvious because as other entrepreneurships if we weren’t able to get new client our business …

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Venture Capital Firms making their way into Latin America

Some 10 years ago, maybe a little bit more, I was trying to make my first large entrepreneurship a reality. At that time we analyzed with my business partners, different mechanism to finance the project. Among the options we analyzed, we included a bank loan, government funding, loans from friends …

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Positive and negative aspects of Marketplaces

When a SME decide to start selling products on the Internet, one of their greatest fears is the subject of costs, in order to implement a webpage. This makes that tis type of companies many times desist from entering to this great media, that brings opportunities to all type of …

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Creating and Defining Metrics 3 – For your Personal Life

Today I’ll continue with this series of articles where I talk about metrics in different scenarios. In the past two entries, I talked about metrics in a corporate environment and also for Internet. It is true that metrics are usually developed and analyzed in companies, but they are also available …

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Exploring Internet niches

Some posts ago, I explored different business models that where possible with the Internet such as the Long Tail model. This model makes able that stores such as Amazon reach niches and not only sell mass consumption products because with Internet and the minimum costs it implies a company is …

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Creating and Defining Metrics 2 – For Internet

In the first article of this series about metrics, I introduced this topic and argued that metrics are vital for businesses and for our personal and professional life. For the second entry I will talk about metrics, this time from the perspective of Internet. As I mentioned briefly in the …

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Creating and Defining Metrics 1- For Businesses

In our modern world, we can find metrics almost everywhere. We have metrics for both our personal life and business life. They show us our progress and current state, which implies that we can make decisions with this information. A couple days ago I heard someone say that every single …

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