Hubris can bring down any business. Though it is a broad word, hubris is behind the ten sure-fire ways to go out of business outlined in the following article. Ever caught yourself saying “These customers just don’t get it,” “I’m the only one who can do this,” or “That’s just the way we do things.”? If so, please read through this list and reassess your practices. Don’t forget about how WOM works. The market responds instantaneously. Your competition is always innovating. Methods burn out quickly. Staying ahead isn’t easy, but deflating your head is. Listen, learn and innovate or face failure.
More on what not to do at Joel Warady’s Blog
Do your customers “get it” yet? « Insightful Marketing Insights 8:12 am on November 12, 2009 Permalink
[...] By jmeyerblog If you answered no, you may be the one about to fail. One of my favorite sources, WOMMA (Word of Mouth Marketing) Word, warns to never let one’s guard down about the power of ‘word of mouth’ and how quickly the [...]