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All good businesses are looking at making something different, innovative, or better than the competition. Of course, no good strategy is to make something worse. They all want to grow, and scale to the fast lane (ultra high profitability, franchise, selling the business for a lot)
The proven old school approach to get to the fast lane is an entrepreneur slowly and surely over the years train and developing fundamentals, usually mentored by former skilled entrepreneur in the industry. Taking their highly developed abilities and applying it to a promising fast lane opportunity. The new school approach is the exact same, but now people aren't slowly and systematically developing their talents. They see really big opportunity but are gambling when it comes to the strategy, company building, and execution.
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Imo, the proven old school approach is the right approach to get a business up into the $500k to millions annual revenue(and high profitability). The new school approach tends to accidently create a job instead of an effective organization with an effective ceo at the helm. Basically, the old school approach was the classical mentality to effectively control and lead an effective business. The new school approach I've seen is building jobs into businesses which oftentimes is not the right approach.
Is the new school approach different than what is described? Is the old school approach still the way to go about things?
The proven old school approach to get to the fast lane is an entrepreneur slowly and surely over the years train and developing fundamentals, usually mentored by former skilled entrepreneur in the industry. Taking their highly developed abilities and applying it to a promising fast lane opportunity. The new school approach is the exact same, but now people aren't slowly and systematically developing their talents. They see really big opportunity but are gambling when it comes to the strategy, company building, and execution.
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Imo, the proven old school approach is the right approach to get a business up into the $500k to millions annual revenue(and high profitability). The new school approach tends to accidently create a job instead of an effective organization with an effective ceo at the helm. Basically, the old school approach was the classical mentality to effectively control and lead an effective business. The new school approach I've seen is building jobs into businesses which oftentimes is not the right approach.
Is the new school approach different than what is described? Is the old school approach still the way to go about things?
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