Looking forward to hearing the latest buzz on how to scale your business? ???? Dancho Dimkov, the mastermind behind BizzBee Solutions, reflects on some of his daily life's most mundane and peculiar occurrences, providing you with something sweet to chew on. Who says that you can't take a shortcut to growth? ???? Let Dancho's everyday life and business stories pave your way to a successful B2B digital business and save you a mistake or two. ????
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episode 223: #223 Exploitation vs Exploration
I've been diving into some inspiring TED talks, and I stumbled upon one discussing the two reasons why companies fail and how to avoid them. The theory is intriguing: companies can either be in exploitation mode, focused on monetizing what they have, or in exploration mode, constantly chasing the next big thing. But here's the catch – both extremes are risky. Only 2% of companies strike the right balance. I believe you need two types of people in your company: the entrepreneurial explorer and the operational exploiter. One creates, innovates, and explores new frontiers, while the other optimizes, streamlines, and ensures profitability. Together, they make a winning team. So, where does your company stand? ????
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