A common question Shy Entrepreneurs ask is “What are the best small businesses to start?” Here are some fundamentals that will help you make the right choice. Service Based Small businesses by nature are often service based. There are many reasons for this but the biggest reason is providing a service can’t be boxed up […]
The Best Small Businesses to Start: Low-Cost Service Ideas Read More »
There will always be more things demanding our attention than we will ever have time to address, so the sooner we develop successful habits the better. If you are anything like most people reading this you probably have a new project that you want to get working on, a few projects that you started and
Successful Habits Every Entrepreneur Needs to Develop Read More »
In a previous article entitles “Factors of a Competitive Advantage” I covered the three main areas a company can compete without an existing relationship. The three areas again are Cost, Quality, and Lead Time. Each of these factors is present in the market place and is taken into account whenever someone is making a buying
Understanding the Competitive Advantage Spectrum in Business Read More »
Many factors play a role in the success or failure of a small business, but how can these factors be assessed across business types and how do we identify which ones are key? In previous articles we have addressed how businesses can compete relative to one another but here we will dig into the key
The 4 Critical Small Business Success Factors Every Entrepreneur Must Know Read More »
Does your company have a competitive advantage? A competitive advantage is the edge one company has over another. It is the reason someone will purchase what you have to offer even if they have no idea who you are. This is important for small businesses because many only offer the same value as the next
The 3 Essential Factors That Create Competitive Advantage Read More »
The Theory of Constraints (TOC) is an operational management approach developed by Dr. Eliyahu M. Goldratt and introduced in 1984. It was designed around the idea that complex systems are inherently simple and can tie all of the troubles they experience down to a single root conflict. For his approach Dr. Goldratt maintained that the
Understanding the Theory of Constraints: A Complete Business Guide Read More »
Small home based business opportunities are very attractive for many reasons; being your own boss, setting your own hours, and earning more than you would working for an employer. These dynamics can all exist but it won’t come easy, and it won’t come overnight. The truth may be that the low hanging fruit was picked
Small Home Based Business Opportunities: Your Guide to Working From Home Read More »
For the past year I have been trying to wrap my brain around the paradoxical relationship between effectiveness and efficiency in small businesses. I have understood that one can be effective without being efficient but I could not reason why. I kept thinking this was a reality that persisted in spite of itself and ultimately
The Hidden Benefits of Inefficiency in Small Business Operations Read More »
Have you ever wondered why one company thrives while another fizzles? It is a question that I come back to on a continual basis. The more I process the factors associated with success and failure of businesses the more I realize the answers for both are numerous. I don’t like this. I have to believe
Island Economics: Why Some Businesses Thrive While Others Fail Read More »
Small and home-based businesses need to operate as efficiently as possible and following a growth strategy is a significant part of that equation. Knowing how and when to grow is essential to expanding as fast as possible without overextending. In the survival phase growth is not the focus but as a small business matures growth
When to Step Up Business Capacity: A Growth Strategy Guide Read More »
