I have heard a lot of talk lately about lean and iterative startups and I must say I fully agree with the approach. People seem to jump in with both feet before they even know if there is water in the pool. Starting small and releasing a product as quick as possible cuts out a […]
How the Iterative Development Model Reduces Startup Risk Read More »
Managing inventory variability is a constant struggle in business one tool to help manage this is a regression analysis. A regression analysis is a statistical assessment of date that seeks to identify a general overlaying trend. It defines a sample set of date as a line. Like all statistical tools a regression analysis has limitations
How Small Businesses Can Master Inventory Management with Data Analysis Read More »
A conversation with a college student has pushed me to address the issue of alignment between oneself and one’s occupation. If you have ever taken the Myers Brigs you may have an idea of what I am talking about. It may seem rudimentary but aligning one’s self with a complimentary profession is not a cut
Are You Aligned With Your Professional Purpose? Read More »
If you have been playing with the idea of starting a business because you want more freedom, a better return on your time invested, or just a better quality of life, start by looking in the mirror. You are your first business. As a contributing member of our society you provide a product or service
Why You Are Your First Business: Master Personal Finance Before Entrepreneurship Read More »
Well, we had our baby girl over the weekend and she is beautiful. I would love to go on and on about the new addition to our family but that is outside the scope of the site and probably wouldn’t be that interesting to anyone who doesn’t know us. Instead, I will expound on the
Promotional Discretion: Ethical Considerations When Marketing Products Read More »
It could be argued that Thanksgiving is something we celebrate because early entrepreneurs did what no one before them could. To that I lift a glass. Thinking about the obstacles that stood in from of the early settlers gives me a greater level of appreciation for what we have. Our standard of life is so
Thanksgiving and the Entrepreneurial Spirit: A Celebration of Gratitude Read More »
With everyone talking about the economy I decided it would be a good idea to discuss an approach to small business that if followed would minimize the number of failures. These 5 steps to start a small business provide a solid foundation to any venture and should not be ignored. It is in the success
5 Essential Steps to Start a Small Business and Avoid Common Failures Read More »
In discussing profitability we are effectively discussing the efficiency of a business to make money. In other words, how can we squeeze a little more money out of the existing establishment? This topic is well worth discussing as most people find themselves in need of small business financial help. There are many effective ways in
7 Proven Ways to Increase Your Business Profits Read More »
I recently had an interesting conversation with a business owner on the topic of how to manage a business successfully. We concluded that all businesses are working towards further growth and that a primary management concern is growth strategy. So, to manage a business successfully, one must manage growth successfully. How is this accomplished, and
How to Manage a Business Successfully Through Every Growth Stage Read More »
For those of you who don’t know, Abraham Maslow published a paper in 1943 titled “A Theory of Human Motivation.” In this work he established a hierarchy of needs that he argued was fundamental to all humans. The structure of his hierarchy is often portrayed as a pyramid with the more basic needs making up
How to Apply Maslow’s Hierarchy of Needs to Your Small Business Read More »
