Sunday, May 13, 2012
The E-Myth Revisited ch. 10-12
I have always thought of myself as creative; however, after reading this I realized that I need to upgrade to innovative.
"Professor Levitt said, 'Creativity thinks up new things. Innovation does new things". I typically do try to build many of the things I imagine, but I realized that I could do much much more. "Innovation is the mechanism through which your business identifies itself in the mind of your customer and establishes its individualism"
When I start my business I also will need to quantify everything I do with my business
How many customers do I see in person each day?
(Mornings, Afternoons, Evenings)
How many people call my business each day?
How many call to ask for a price?
How many want to purchase something?
How many of product X are sold each day?
At what time of the day are they sold?
Which days are busiest?
How busy?
Etc. Etc. Etc.
It recommends that I quantify everything so I can understand how the people work. Once I understand how they work, then I can fashion my business to them. A business can change a lot easier and faster than people.
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