Strategy for Start Up Entrepreuner

There was an interesting article that I came across in the HBR. It talked about the Entrepreuner Compass, a strategy that each person driving a start up can adopt.

The four bucket strategy evaluates the strategy from two angles - collaborate or compete and to build a moat or storm a hill.

Please see below.

What we could also keep in mind is the impact such strategies can have on the precious financial resources that Start Ups maintain.

If your strategy is to build a moat or to Compete, then it would relatively burn more cash and hence would be worth to know.

Once you have started to compete, you should be prepared to shell out money to beat the competition from big and small alike. You cannot possibly think of withdrawing at the middle of the race. The situation is none different if you are pursuing the strategy of building a moat, it involves huge time and if you stop inbetween then whatever you had spent would turn out to be for nothing.

If you are interested to read the full article go to below link

https://hbr.org/2018/05/do-entrepreneurs-need-a-strategy