Can you suggest some sites similar to Quora which are popular Q&A sites used by Australians?
Thanks for tagging me @Hatty Bell. I think you’ve covered most of them. I do prefer it here on Savvy because the responses are generally helpful and positive and not deriding or snide.
However, from time to time I browse on Quora (I’m not sure how big it is in Australia). It has less focus, meaning there are questions on everything and anything. This is a much better focused community for learning about business and entrepreneurship.
Also, LinkedIn has some good groups that encourage questions, but they aren’t solely Q&A communities.
As business owners, there are always many things to keep us busy. However, if you had 5,000 dollars right now would you be more likely to spend it on marketing efforts or refreshing your business...
Put it all on red, marketing.
Peter Drucker, the father of business consulting, once made a very profound observation:
“Because the purpose of business is to create a customer, the business enterprise has two–and only two–basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are costs. Marketing is the distinguishing, unique function of the business.”
With the proceeds, put it all on black; innovation. Re-invest in your business – improve your product, process, people.
If so, how?
Do you innovate in your business? Yes
If so, how? By knowing the industry and being passionate about it. Like I mentioned in another post. I don't let my competitors dictate where the industry is heading. I force them to try and catch up with me.
Know the industry you are in, master it and develop the industry yourself. It is a lot easier than most think, all it takes is passion and knowledge of the industry you are in.