Starting a new business can be a daunting task, especially after walking away from one which resulted in great losses. You are immediately faced with the ultimate question: What next? This question is also used by organizations, to ensure fingers are kept on the pulse, in order stay innovative and competitive in the ever changing business landscape. Your focus as an entrepreneur on making your business work, thereby avoiding the distractions of brainstorming about new ideas, can make answering such a question difficult.
The following habits, as written by Sarah Lambersky in FP Startups, can help you deal with this “infamous and uncomfortable” question, if incorporated appropriately into your daily endeavors. The tactics in this article can also help when planning to expand your product and service offerings, or when strategizing on diversifying into a new market or industry, through constant thinking on better business practices while having a pool of ideas to draw upon.
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