I believe that every business has make or break decisions. Firing, hiring, selling, pivoting can be crucial. Adapt or die as they say.
For me firing and deciding to do the work myself (fix ‘n’ flipper) hurt short term but paid off huge in the end. For my other business (video production/editing) I’m thinking about hiring for the first time (any suggestions would be welcome.)
What was your best decision for your business?
There are few opportunities in the traditional field, so we focus on AI to create new needs or better fulfill existing needs
Which traditional field? I’m curious, care to elaborate?
Using credit lines aggressively for growth. I was careful about it, but it helped me the most. Unfortunately though I say credit lines. Banks wouldn’t touch what I did though.
I copied my competitors SEO strategy. Wherever I saw them post an article, I posted an article. I used some online tools to see what keywords they were using and began pumping out content using the same keywords until they overtook them.
Firing myself super early.
Actually starting. Put it off for years due to procrastination or being too much of a perfectionist. Seems strange to say, but many people just talk and don’t take action…
I don’t think it’s strange. Human nature is wired to avoid risk taking (body wants to stay alive, not take risks) and some people are more wired for risk than others. More fear requires more courage, so congrats on the first step