Comments on: 3 Tips for Making Better Start-Up Business Decisions http://venturekid.com/2009/10/21/3-tips-for-making-better-business-decisions/ Thu, 07 Apr 2011 17:28:41 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Matt A.* http://venturekid.com/2009/10/21/3-tips-for-making-better-business-decisions/comment-page-1/#comment-85 Matt A.* Wed, 21 Oct 2009 15:42:39 +0000 http://venturekid.com/?p=123#comment-85 Hey John, I had to listen to Gary's video blog post twice and I'm still only half sure of what he's trying to say. The jist of it seemed to be is that "When stuff like Facebook or Twitter comes along and changing how people can market stuff online, I'll jump on the idea, when I notice it & if it can help me in business." What I'm saying it is different from Gary point, but there is some overlap. For example, if you just launched a web business and someone comes to you and says, "Hey, this Facebook thing is taking off, you should turn your concept into a Facebook app," that's a different decision from, "Hey, Facebook is taking off, let me see what happens if I create a Facebook fan page." The latter is a low investment and an easy decision to make, whereas the former is a more significant investment of time, resources, and then how the heck do you market the app? Gary's advice is sound on the surface and therefore hard to disagree with, but because he paints broad strokes of ideas, it's less actionable. You need to consider specific circumstances. "You're more likely to die of indigestion of too much opportunity [read: ideas on where to take your business], than starvation for too little." Hey John, I had to listen to Gary’s video blog post twice and I’m still only half sure of what he’s trying to say. The jist of it seemed to be is that “When stuff like Facebook or Twitter comes along and changing how people can market stuff online, I’ll jump on the idea, when I notice it & if it can help me in business.”

What I’m saying it is different from Gary point, but there is some overlap. For example, if you just launched a web business and someone comes to you and says, “Hey, this Facebook thing is taking off, you should turn your concept into a Facebook app,” that’s a different decision from, “Hey, Facebook is taking off, let me see what happens if I create a Facebook fan page.” The latter is a low investment and an easy decision to make, whereas the former is a more significant investment of time, resources, and then how the heck do you market the app?

Gary’s advice is sound on the surface and therefore hard to disagree with, but because he paints broad strokes of ideas, it’s less actionable. You need to consider specific circumstances.

“You’re more likely to die of indigestion of too much opportunity [read: ideas on where to take your business], than starvation for too little.”

]]> By: John Exley http://venturekid.com/2009/10/21/3-tips-for-making-better-business-decisions/comment-page-1/#comment-84 John Exley Wed, 21 Oct 2009 15:23:32 +0000 http://venturekid.com/?p=123#comment-84 I understand where you're coming from in regards to not being "reactionary" in business and staying focused rather than "dying by over-consumption of opportunity", however what is your take on Gary Vaynerchuk being a huge advocate for "reactionary business"? http://garyvaynerchuk.com/post/78973203/reactionary-business-why-predict-the-future Is your point different than Gary's, or do you disagree with his perspective? I understand where you’re coming from in regards to not being “reactionary” in business and staying focused rather than “dying by over-consumption of opportunity”, however what is your take on Gary Vaynerchuk being a huge advocate for “reactionary business”? http://garyvaynerchuk.com/post/78973203/reactionary-business-why-predict-the-future

Is your point different than Gary’s, or do you disagree with his perspective?

]]>