http://kenji.blog/en/tags/management/Recent content in Management on kenji.blogHugo -- gohugo.ioenkenjinoteWed, 07 Sep 2022 02:36:11 +0900http://kenji.blog/en/p/%E7%B5%8C%E5%96%B6%E8%80%85%E3%83%A1%E3%83%A2/Wed, 07 Sep 2022 02:36:11 +0900http://kenji.blog/en/p/%E7%B5%8C%E5%96%B6%E8%80%85%E3%83%A1%E3%83%A2/<img src="http://kenji.blog/p/%E7%B5%8C%E5%96%B6%E8%80%85%E3%83%A1%E3%83%A2/images/img.png" alt="Featured image of post Management Notes" /><h1 id="finding-emerging-businesses">Finding emerging businesses </h1><ul> <li>Ask people inside Hot Pepper or tax accountants about businesses that are starting to trend</li> <li>Do not enter a business that is already saturated with strong competitors</li> <li>Only enter businesses where you are confident you can attract customers (do not enter businesses where existing operators are using special, inimitable customer acquisition methods)</li> </ul> <h1 id="imitate-thoroughly">Imitate thoroughly </h1><ul> <li>Research the business logic before entering</li> <li>Copy it thoroughly</li> <li>Then improve upon it</li> </ul> <h1 id="systematize">Systematize </h1><ul> <li>Systematize everything into manuals so anyone can do it effortlessly</li> <li>Come up with ideas to increase sales (more customers, higher unit price per customer) and reduce expenses (labor costs, advertising costs), and systematize them</li> </ul> <h1 id="management-philosophy">Management Philosophy </h1><ul> <li>A business owner&rsquo;s philosophy is &ldquo;to maximize corporate profits,&rdquo; nothing more and nothing less</li> <li>Making social contribution or being liked by employees your management philosophy is a bad idea (consider that these will naturally follow later)</li> </ul> <!-- via https://www.youtube.com/watch?v=2TALYTLAke0 -->