9/06/2005

Perseverance, is this the Key?

Intrigued by our class discussion on what produces business success and the amount of a disscussion that followed, I decided to research the topic further. I found an interesting article that prescibed all success to "Perseverance." A women named Helga opened her first jewelery store only to have it fail. Undaunted, she continued to try, "persevere," and now is the owner of three successful stores. Supposedly, her success came through perseverance. What is perseverance? The author of the article calls it, "stick-to-itiveness." Well, what is that? Stick to what - the unsuccessful business plan, the poor location choice, and the unreachable market? Sure, she persevered and opened three other stores which are now successful, but was it persevarnce alone? NO! She obviously evaluated her failure, made important ramifications to her business plan, decided on different locations, and probably targeted her market more effectively the second time around. "Perseverance" is an extremely broad answer to success. Those who use it probably can't logically describe in specifics what has actually made their businesses successful, maybe no business owner can. understanding trade-offs, oppertunity costs, marketing, and management are all important, and even crucial to business success. To put is simply, one word answers to the question just don't answer the question!

7 comments:

Bob said...

Preserverance is obviously not the only key to success when a business is struggling. In the book "Rich Dad Poor Dad", Robert Kiyosaki explains that entrepreneurs will typically fail three times before they succeed at business. I think preserverance is important just for the fact that failure is a good teacher, and if we gave up at the first failure we wouldn't have many of the profitable companies in our country today

Dr. Tufte said...

-1 on Logan's post for no link.

-1 on Bob's comment for poor punctuation.

Wow. I think Logan has hit the nail on the head about what is wrong with most analysis of business decision-making in the popular media. I do like Bob's addition though - perseverence can help overcome the fact that bad luck happens.

Rich Molumby said...

I have a Turnkey Royalty Free site/blog. It pretty much covers making money on the web.

Come and check it out if you get time :-)

The Real Estate Answer Man said...

Real Estate investors........ Are You Sick Of The "UGLY HOUSE", "Fix And Flip" Or Rental Property Game And All Of The Headaches That Come With It?

Click Here For More
Information


scott scheel

The Real Estate Answer Man said...

Find Out What The Real Estate Investment "GURUS" Either Don't Know Or Aren't Telling You

Click Here For More
Information



johntreed

new house washington dc said...

companies marketing mineral makeups and also get the best bargains in mineral makeup you can imagine,
find aout how to consolidate your students loans or just how to lower your acual rates.,
looking for breast enlargements? in Rochester,
homeopathy for eczema learn about it.,
Allergies, information about lipitor,
save big with great bargains in mineral makeup,

change edition interviewing motivational people preparing second
,

interviewing motivational people preparing second time
,

interviewing people motivational preparing for a second time
,

black mold exposure
,

black mold exposure symptoms
,

black mold symptoms of exposure
,

free job interview questions
,

free job interview answers
,

interview answers to get a job
,

lookfor hair styles for fine thin hair
,

search hair styles for fine thin hair
,

hair styles for fine thin hair
,

beach resort in the philippines
,

great beach resort in the philippines
,

luxury beach resort in the philippines
,
iron garden gates, here,
iron garden gates,
wrought iron garden gates
, here
,
wrought iron garden gates
,
You: The Owner's Manual: An Insider's Guide to the Body That Will Make You Healthier and Younger
,
answer from more much,
eat eating mindless more than think we we why
,
la times classified,
new york times classified


texturizer,
texturizers here,
black hair texturizer,
find aout how care curly hair,
find about how to care curly hair,
care curly hair,
lipitor rash,
lipitor reactions,
new house ventura california,
the house new houston tx,
new house washington dc,
new house washington dc,
new house ventura california,
the house new houston tx,
the house new houston tx, that you ar looking for,
new house ventura california, you need to buy,
new house washington dc,

hair surgery transplant
,

air filter allergy
,

refurbished dell laptop computers
,

hair surgery transplant
,

air filter allergy
,

refurbished dell laptop computers
,

hair surgery transplant
,

air filter allergy
,

refurbished dell laptop computers
,

chocolate esophagus heartburn study
,

chocolate esophagus heartburn study
be informed,

digestion healing healthy heartburn natural preventing way
,

digestion healing healthy heartburn natural preventing way
,


Allergies, lipitor rash,
alcohol rash,
lipitor and alcohol,
lipitor alcohol,

natural remedies to aid healing of esophagus
,

chicory heartburn
,

effectiveness of zocor vs. lipitor
,

chocolate esophagus
,
southwestern wrought iron yard gate,
exterior iron gates,
oriental wrought iron gates,
powder coated iron garden fencing,

iron garden gates said...

black mold exposureblack mold symptoms of exposurewrought iron garden gatesiron garden gates find them herefine thin hair hairstylessearch hair styles for fine thin hairnight vision binocularsbuy night vision binocularslipitor reactionslipitor allergic reactionsluxury beach resort in the philippines

afordable beach resorts in the philippineshomeopathy for eczema.baby eczema.save big with great mineral makeup bargainsmineral makeup wholesalersprodam iphone Apple prodam iphone prahacect iphone manualmanual for P 168 iphonefero 52 binocularsnight vision Fero 52 binocularsThe best night vision binoculars here

night vision binoculars bargainsfree photo albums computer programsfree software to make photo albumsfree tax formsprintable tax forms for free craftmatic air bedcraftmatic air bed adjustable info hereboyd air bedboyd night air bed lowest pricefind air beds in wisconsinbest air beds in wisconsincloud air beds

best cloud inflatable air bedssealy air beds portableportables air bedsrv luggage racksaluminum made rv luggage racksair bed raisedbest form raised air bedsaircraft support equipmentsbest support equipments for aircraftsbed air informercialsbest informercials bed airmattress sized air beds

bestair bed mattress antique doorknobsantique doorknob identification tipsdvd player troubleshootingtroubleshooting with the dvd playerflat panel television lcd vs plasmaflat panel lcd television versus plasma pic the bestThe causes of economic recessionwhat are the causes of economic recessionadjustable bed air foam The best bed air foam

hoof prints antique equestrian printsantique hoof prints equestrian printsBuy air bedadjustablebuy the best adjustable air bedsair beds canadian storesCanadian stores for air beds