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This post is from from my other blog here

I read an interesting article today. Chunka Mui, co-author of Billion Dollar Lessons answered a few questions pertaining to his book.

As a small business owner, I’m like every other small business owner - very passionate about what I do. But I know I’m not alone when I say that some of my ideas didn’t hit the mark. I tried something and continued pushing it even when it didn’t sell.

So how do you know when to move forward and when to pull out with your ideas?

Mui provided an interesting answer.

The question was:

How does one choose between “staying the course in the face of doubt” and “embracing change”?

When you begin to see change in your marketplace, make a series of predictions. Then track your predictions. If the change is faster than you predict, it’s time to get out. If it’s slower, you may be okay.

It’s time for me to make a few predictions for the rest of 2008.

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