Tuesday, November 29, 2011

New Money in the Luxury Goods Market

Today it's not only the high net worth (HNW) individuals or the even the ultra high net-worth (UNHW) investors who have a corner on the luxury market. The newest category of nouveau riche are the innovative and cutting edge entrepreneurs who have worked long into the wee hours, given up quality family time and invested their whole selves into an idea or product that they helped develop. They are the partners and employees in Silicon Valley start-ups who will be lawfully allowed to sell their company stocks for cash in the near future. When a firm goes public, shares held previously by employees or investors are "locked" for a period of time. That time period is about to expire for many profitable start-ups including Pandora Inc, Linkedin Corp and Zynga Inc. With a sudden influx of ready cash, wealth managers and investment professionals expect the luxury market to be flooded with new demands for high-quality products.

Wednesday, November 9, 2011

The Importance of People Skills

Great leaders have never been quiet. They've always let their voices and ideas be heard. Have you ever heard of a leader who made an impact through his ideas without voicing them? If one wants to make an impact on the world, he has to have a platform where people can hear him. 

It’s Just another reason why interaction with the public through public speaking and/or conversation is so important. No one has ever said that social skills make a man--but they do. In the long run, success and happiness is related to the development of the social skills with others. 

Tuesday, November 1, 2011

How to be a Market Leader?

What does it mean to be a market leader? A market leader is a brand, product, company, or person that is dominant in the industry with large and substantial market share in the market. Other factors dominate as well including innovation, brand power, customer satisfaction and loyalty, price, and profit.  
Being a market leader means being the first to develop new and innovative business models, products, and services, as well as the first in cutting edge business and technology. They find solutions to customers' problems, and are faster than the competition.  

Here are some ways your product, brand, business, or you yourself can become a market leader.