Who is the hope of China according to Jack Ma and how much experience do you have on the open market? Sorry, the entire Chinese market is asking itself the question you are asking. Growth at any price costs more than one can ever pay. Even Xi Jinping wants to send the young people to the countryside. Way, becouse it`s normal. The question is not whether bad times will come, the question is when!
I don’t know how many Swiss companies in Switzerland survive the first 10 years - I think at least 80% go bankrupt in the first 10 years. Sorry, if you land a deal like you did, the motto for the first 10 years is to keep your fingers crossed and fear for survival. And not to deliver 10 more deals like the first one… You definitely won’t go “all in” all the time on every topic you can get!
But the good news - the Western world isn’t perfect either… also far away from it.
Don’t make everyone happy - you won’t be able to do that and stop looking all the time for people you can’t make happy.
You’re playing at so many parties at the moment. With every innovation, I told you - you’re just getting yourself into more trouble. Focus on one customer segment (maybe 2 and if you have a lot of resources maybe 3) and make them happy. Than they will bring you the people who are happy with you and bring you new business areas… and don’t run around calling for everyone, then there will be a lot of unhappy people comming. So you only got what you was asking for.
How do you find gems or gold? First you find very subtle signs - you follow the lines until you come to increasingly larger deposits. You don’t start plowing the entire field on a large scale - you explore… you follow and the last thing you need is your own ideas and your own visions. The customers tell you what they want and you can throw your entire ego, all your visions and ideas overboard and start serving the customer. But only serve the customers you want! Let the other customers you don’t want go before they get angry!
Newcomers and startups need visions - established companies need strategies for the needs of their existing customers and you have now diversified existing customers so broadly in so many segments that I wish you good luck - I have no idea how to deal with but it’s also not my problem, it’s your problem.
Well, i post this several times but lets do it ones more. These are people who know what they are talking about:
How to get sucess:
Lession 4 by 19 min. 30 sec. Lesson 5: Great Values Have a Great Return
John Maxwell is a priest who wrote the book Ethics 101. The funny thing is, the book was an absolute best sailor for business people who weren’t believers (I’m not a believer either). But what he says in terms of return values is mattering and works in business to 100%!
And by the Way:
It’s hard to get true feedback from employees - they want to protect leadership (in some structures they even have to) and put their work in the best light. And in Asia it is even 10 times more difficult to get the real current situation reported. It`s 10 times more harder to leadership persons in Asia since they are more trained to follow than to report sirius. And how can you lead if you don’t know the truth? But this reaction is normal if failure are not allowed and will be punished. If smiling is mandatory. But how is anyone supposed to learn anything if they are not allowed to make any mistakes? However, you only learn from mistakes… Every employee who recognizes a mistake becomes more valuable for the company because he will never make the same mistake again. Seen in this way, every mistake is also an increase in value if it is handled correctly thrue the leadership.