Should You Imitate Success?
Why not? There is no reason to reinvent the wheel when the wheel has already been invented and works well. With the multitude of successful businesses located in any city or globally on the Internet, small businesses and SMEs have almost unlimited mentoring without even asking. Successful businesses, CEOs, and owners frequently possess the same…
Journaling My Values
The benefits of journaling daily are well documented – journaling reduces stress, increases happiness, helps the journal writer connect to their emotions, etc. With that in mind, I decided to journal. I’ve tried every journal out there – The Gratitude Journal, The 5-Second Journal, The Freedom Journal – none of them worked for me. I’m…
Strategy is a Verb
When we think about the traditional conception of what business strategy is, we often think of it as a noun. It’s a plan that we create, that lives in some formal document, and is supposed to act as the codification of the direction in which the company is planning to go. There’s this idea that…
The Missing Element
Small business or large, rural area or big city, retail or service…one element is so often missing…effective marketing! There can never be enough written or said about marketing and, especially, effective marketing. Businesses cannot grow without effective marketing, yet this is frequently missing for small businesses. Effort might be put into operations but without effective…
Start Building Now
Owning and operating a small business is tough. Everyone knows that especially owners and managers. A business might be in the startup phase or the growth stage. Regardless of where a business is in its life cycle, the principals involved in a small business spend a significant amount of their time managing daily operations from…
Crisis Management Strategies- The 12 Step Approach in 2021
12 Steps to Lead Your Team Back on Track It is inevitable. Every organization is going to face a significant crisis once or twice a year and a flurry of minor obstacles. This is why having a crisis management strategy is crucial. A major executive gets hired away by a competitor. Your supply costs skyrocket….
It’s Not My Job
A business can have either (1) employees who are committed to help the business achieve its goals or (2) employees who have no real commitment to their employer and see their job as just a means to an end…a paycheck. Engagement You’ve probably heard the following story or a variation of it. A man came…
Evolution of Strategy: From Business Buzzword to Measure of Success
What is this “strategy” that we hear so often in business jargon? Does it refer to corporate or business? Marketing or product design? Does it matter? Defining the term might be simple, but “figuring it out” is not easy. First, let’s see what this modern buzzword definitely is not. It’s not an arcane concept described…
Maybe Your Business Needs a Pivot
A general definition of pivot or pivoting is to change something or an act of turning. Taking this a step further as it relates to business might be to change a marketing strategy, pricing, supply chain, product or service offering, or strategic approach to business. Business Is Not Static One constant in business is change….
How Performance Management Impacts Organizational Culture
Performance management is integral for performance but can be easily over-complicated. There is an increasing need to steer organizational culture through performance management for enhancing overall performance. In this article, we’ll learn: ● What is performance management● How performance management impacts organizational culture● How performance management can establish a precedent for improving performance● Understand the…
Put It in Writing: Become More Efficient
You own or operate a small business or SMB. Things have always been done essentially the same way for years. Perhaps, during the height of the pandemic, some things changed out of necessity. For many businesses, the changes produced positive results. This could be and should be a starting point to make more changes in…
Hope Is Not A Strategy
If your company is adopting a wait and see strategy for survival and growth, then prepare now to lose your business. Hoping for better days ahead or relying on government handouts during the pandemic is not an effective long-term business strategy. A strategy can be an effective tool to stack the odds in your favor…