Mongrel Style thinking when applied to business is a hybrid approach allowing innovative quick thinking that makes power players in the business world.
The lateral thinking of generation Y business owners is taking the world by storm and the older business owners are now paying attention.
Mongrel Style thinking is based on the definition of mongrel being a hybrid, cross breed or of mix origin.
The Generation Y Entrepreneurs are creating powerful businesses that take advantage of new technologies and make some of the biggest players in the business world pay attention.
Major factors that make mongrel style thinking powerful is that business owners that think mongrel style ensure that they increase revenues, decrease expenses and increase efficiency.
These principles may be considered basic for any business owner, but when you are like most business owners who are only surviving the business world these basics are often over looked.
The basics of Mongrel Style thinking are innovation of ideas and knowledge from various sources.
Generation Y Entrepreneurs are mixing business models, systems, processes and money from around the world with technologies and marketing powers of the internet.
They take the interactive knowledge from their virtual worlds and apply it to the real world and make millions.
It is this style of thinking by mixing and filtering ideas from any source that are making these entrepreneurs powerful.
But there is relief for the older business owners.
There are younger entrepreneurs who are educating the older business owners in the mongrel style thinking approach to business success.
You can learn these principles.
Follow these 3 steps and you will be off to a powerful start.
1.
Make your clients want to buy from you and not be sold.
2.
Look after you clients at any cost.
3.
Understand the life time value of a customer and use that to market to you clients.
Generation Y Entrepreneurs understand their competition unlike traditional business owners and capitalize on these niches.
It is amazing the ways that you can create word of mouth marketing when you think like a mongrel and cross breed traditional marketing and make it simple.
So next time you look at your generation Y customer be careful because then may just be your competition and plan on taking over your business.
It is critical that business owners start to vary their business thinking because the business world is survival of the fittest and it is your mindset that will ensure your success.
How long until you start thinking like a mongrel and find the secrets to your wealth and business millions.