Tag: entrepreneurship

Economies of Scale vs Scope

Two of the most valuable concepts in economics for entrepreneurs are about how growth can improve your bottom line: Economies of scale tell you how running a bigger business can increase your profit. Not just your total revenue, which is…

Fail in the Right Direction

Entrepreneurship is all about learning, and learning is all about mistakes. Strategy and vision aren’t about knowing what to do but what direction to go in–eg. the values that matter, the deeper goals. It’s better to do dump crap in…

Sarah Blakely on Selling Spanx

There’s a fantastic video on Inc.com about the creator of Spanx, Sarah Blakely. It’s a phenomenal video for budding entrepreneurs because it highlights a number of things that affect people starting a new business: Learning – Sarah didn’t know anything about…