Four Essential Ingredients of Success
By Kirsti ScottStonyfield Farms CEO Gary Hirshberg offers his advice to entrepreneurs in this New York Times Small Business Summit video. His top four:
1. Quality: Your product must be better than the competition. Never compromise.
2. Passion: Believe in yourself, don’t accept naysayers, and don’t be meek about asking for help.
3. Intuition: Get to know your customers by listening and spending time with them so you understand exactly what they’re looking for.
4. Cash Flow: You need to understand cash flow even better than profitability. Low profits won’t kill you, but cash flow problems can.
As he says, these are not a recipe for success, but they are the essential ingredients you must have in order to succeed.
Tags: entrepreneur
January 28th, 2009 at 8:55 am
What ever happened to his O’Naturals fast food concept? We had one here in Portsmouth for a brief while and I liked it (though it’s downtown location was actually “out of the way” for me…). Wonder if it ever took off elsewhere… Anyway, have always loved his approach – thanks for sharing the video!
April 15th, 2009 at 7:19 am
After reading this article, I just feel that I really need more information on the topic. Can you suggest some more resources please?
April 15th, 2009 at 9:14 am
Did you get a chance to watch the video? It’s great to hear directly from the source. Take a look if you have a chance!
September 1st, 2009 at 3:16 pm
Blogroll links aint that great
but i am not the admin