*

alexlee

  • *
  • Fresh Petal
  • 13 1
    • View Profile
For me it's "Hire slow, fire fast".

Take your time to hire the right person that will fit into your company in terms of skillsets or personality. But once you realise someone is not a good fit, you should always fire fast because bad employees are like cancer cells, they will only grow bigger and affect the other employees.

*

ShuperStar

  • **
  • Junior Petal
  • 121 1
  • Ladies Shoes Boutique in Bugis
    • View Profile
For me it's "Hire slow, fire fast".

Take your time to hire the right person that will fit into your company in terms of skillsets or personality. But once you realise someone is not a good fit, you should always fire fast because bad employees are like cancer cells, they will only grow bigger and affect the other employees.

Agree Alex. For me, hire slow can also mean really hard time to find good people to join you.  :-\
The name ShuperStar is derived from the words Shoe (“Shu”) and Superstar, because we want everyone who wears our shoes to be the star attraction – a ShuperStar!

*

mahogany

  • **
  • Junior Petal
  • 118 4
    • View Profile
don't do something just because you are good at it. do something because no one else can do it.

if others can do it for cheaper, just delegate or outsource.

*

wangxinling

  • **
  • Junior Petal
  • 162 6
    • View Profile
For me it's "Hire slow, fire fast".

Take your time to hire the right person that will fit into your company in terms of skillsets or personality. But once you realise someone is not a good fit, you should always fire fast because bad employees are like cancer cells, they will only grow bigger and affect the other employees.

Recently the one I learned from li ka shing was don't cheat on purpose, because the people whom you cheat were people who trusted in you.


*

Netherwind

  • *
  • Fresh Petal
  • 40 3
    • View Profile
Best advise was, dont talk business, do business
If you can't baffle them with brilliance, befuddle them with bullsh t

*

humble_guy88

  • *
  • Fresh Petal
  • 25 1
  • Welcome to my profile :3 xoxox
    • View Profile
Fire fast is a bad one. Why not give a chance to the employee? everyone makes mistakes

*

beaverjuice

  • *****
  • Global Moderator
  • 9286 18
  • Road to Perdition
    • View Profile
Companies don't make business,  people do. - my mentor

Good strategy, poor execution = win slowly
Bad strategy, poor execution = die slowly
Good strategy, good execution = win fast
Bad strategy, good execution = die fast fast
>> moral of story - better to have good strategy than good implementation;  a bad strategy with poor implementation - there is still time to change tact.  if your organization has excellent implementation or execution skills but bad strategy - you guarantee go hor-lan fast fast. 
"A man who has depths in his shame meets his destiny and his delicate decisions upon paths which few ever reach."

*

annahaotanto

  • *
  • Fresh Petal
  • 15 0
  • Managing Director of The New Savvy
    • View Profile
Hello! :)

One of the best advices from my mentor:

Marketing is and should always be number one on the entrepreneur’s priorities – it doesn’t matter if you have a great platform or the best products if no one knows about it. At the end of the day all businesses come down to money, which won’t come in without sales, so it strikes me as incredibly strange that most people don’t even think about this till the very end. Going viral is tough, so don’t count on it.

http://thenewsavvy.com/career/entrepreneurs/entrepreneurship-4-mistakes-that-kill-startups/
THENEWSAVVY.COM is a financial platform that aims to empower women through meaningful content that are relevant and practical.  We want to make money interesting to women and transform women’s relationship with money.

*

beaverjuice

  • *****
  • Global Moderator
  • 9286 18
  • Road to Perdition
    • View Profile
I thought marketing dept burns money while sales dept brings in the dough? ???
"A man who has depths in his shame meets his destiny and his delicate decisions upon paths which few ever reach."

*

happyshar

  • ****
  • Senior Petal
  • 3050 19
    • View Profile
1.) Timing is very important. Let the fools dive rashly  into things and suffer before you emerge.

2.) it's very important to do something different to be sustainable.

and sth from myself : never be real - friend to ppl who are direct or indirect competitors. they do stuffs to sabotage your sales while remaining friends.
« Last Edit: January 14, 2016, 01:55:56 am by happyshar »
没有心,就不会痛 😉

*

happyshar

  • ****
  • Senior Petal
  • 3050 19
    • View Profile
Hello! :)

One of the best advices from my mentor:

Marketing is and should always be number one on the entrepreneur’s priorities – it doesn’t matter if you have a great platform or the best products if no one knows about it. At the end of the day all businesses come down to money, which won’t come in without sales, so it strikes me as incredibly strange that most people don’t even think about this till the very end. Going viral is tough, so don’t count on it.

http://thenewsavvy.com/career/entrepreneurs/entrepreneurship-4-mistakes-that-kill-startups/

I think knowing foundation abt biz law is quite important too. some biz rise very fast but the faster it rise the faster it self-kills. because knowingly or unknowingly certain means are not legal or conflict with certain regulations.

always gd to build a firm Base and set the right foot before expanding on sales and profits.

Companies don't make business,  people do. - my mentor

Good strategy, poor execution = win slowly
Bad strategy, poor execution = die slowly
Good strategy, good execution = win fast
Bad strategy, good execution = die fast fast
>> moral of story - better to have good strategy than good implementation;  a bad strategy with poor implementation - there is still time to change tact.  if your organization has excellent implementation or execution skills but bad strategy - you guarantee go hor-lan fast fast.

Hehehe that's the part on top I'm toking abt. bad strategy good execution.

that kind of reminds me of the types of employee as well

smart + lazy => most effective leader
smart + hardworking => general staff
stupid + lazy => worker doing routine duties
stupid + hardworking => better to get fired earlier :x
« Last Edit: January 13, 2016, 04:02:34 am by happyshar »
没有心,就不会痛 😉

*

beaverjuice

  • *****
  • Global Moderator
  • 9286 18
  • Road to Perdition
    • View Profile
I think knowing foundation abt biz law is quite important too. some biz rise very fast but the faster it rise the faster it self-kills. because knowingly or unknowingly certain means are not legal or conflict with certain regulations.

always gd to build a firm Base and set the right foot before expanding on sales and profits.

Hehehe that's the part on top I'm toking abt. bad strategy good execution.

that kind of reminds me of the types of employee as well

smart + lazy => most effective leader
smart + hardworking => general staff
stupid + lazy => worker doing routine duties
stupid + hardworking => better to get fired earlier :x

@happyshar is smart cookie ....  :-* :-* :-*
"A man who has depths in his shame meets his destiny and his delicate decisions upon paths which few ever reach."

*

Missmeowmeow

  • ***
  • Petal
  • 340 1
    • View Profile
I think knowing foundation abt biz law is quite important too. some biz rise very fast but the faster it rise the faster it self-kills. because knowingly or unknowingly certain means are not legal or conflict with certain regulations.

always gd to build a firm Base and set the right foot before expanding on sales and profits.

Hehehe that's the part on top I'm toking abt. bad strategy good execution.

that kind of reminds me of the types of employee as well

smart + lazy => most effective leader
smart + hardworking => general staff
stupid + lazy => worker doing routine duties
stupid + hardworking => better to get fired earlier :x
I hope I'm a effective leader

*

cd190264

  • *
  • Fresh Petal
  • 2 0
    • View Profile

check this web.
I get lots of valuable reading pleasures here


http://thenewsavvy.com/life/productivity/10-investment-myths-debunked/

*

jessuptime

  • **
  • Junior Petal
  • 178 1
  • New year, new beginning. Hopefully heh.
    • View Profile
I browsed through this book by Nanz Chong Komo once. Not bad, though not sure if it is still being sold in bookstores.