Going into price negotiations is difficult. What is the negotiation scope of the other side? How much bargaining power do both sides? What do I want? How to avoid getting lost in bargaining? After looking into auctions, where for psychological reasons it is difficult to make rational decisions, I look at the decision tree with estimated earnings and probabilities. Auctions…
Category: Modeling Business
It is about business models. Having the right business model and pursuing is succes.
Growth Hacking und Market Analytics
Who needs Growth Hacking? Usually start-ups. Survival and growth need exponential growth here. That could double weekly sales. Growth hacking also works for more traditional companies that can expand their production fast enough and still grow their market. Growth hackers are people who achieve such sales growth using methods that are not directly visible and easy to conceive for the…
Why we use Bitcoin for creating wealth, not for daily payments
Bitcoin is a freely tradable cryptocurrency. A currency needs security against unauthorized copying. With normal money this is done by the central bank and the state, with bitcoins with strong encryption and a publicly accessible database with 262 gigabytes of data in May 2020. There is a maximum of 21 million Bitcoin to be scraped. Currently there are 18.4 million.…
Food Truck – how to use it for making money
Business location for starters – the Problem We think there is a lot of money to be made with a mobile snack stand, a food truck and other sales vehicles. Additionally it is not only making money: it is fun to prepare and selling food and drinks. For example, independent sausage sellers in their food trucks and carriages on the…