Flexibility

One of the most discussed topics between me and my shareholders are th business model we are in ... There's advice that as an entreprenuer you should stick to your original biz model and path till you succeed.

To me this is the old school teaching from my Grandfather.
He is a great guy whom had sticked to his traditional Chinese medicine business of operating the best store and wholesale business based on providing only the very best over ten's of years thus' building the great brand name we have today. His wealth is accumulated over the years carefully.

Now to me the new school of teaching tells us to be 100% and 360' degree flexible in our business. It is not about being able to change the business model but to be able to completely change the entire business of the company 100% and throw away everything of the past. It's easier said than done usually ... many of my friends used to say yes, I can change the business model tomorrow but I need just this part still in the company as it's valueable still.

Change is about completely throwing away everything.
When we start a business we must put's in mind the key word "Complete Flexibility" to change. One of my start-up failed was because we weren't allowed to change and make pivot by the investors.

Look at OMG POP in New York, they change their business model completely and now make a good sale to Zynga for $ 200 million. And there's Kabam whom also chage their business directions then raised $ 125 million and Kixeye whom also threw away their original games platform to jump into Facebook and become today a major key player.

Opps ... just to add a little fun, there's ROVIO whom had sick to creating mobile games for many years till they came up with the smashing hit Angry Birds. Rovio did not change their company direction but sticked to it ... but they did change the game platform to IOS which is still a "change".