General Business Principles

(Truth)Fundamental truths that relate to and govern business.

The Four Stages Of Wealth Creation; From Clueless To Capitalist.

The Four Stages of Wealth Creation: Your Complete Journey From Clueless to Capitalist

3 Comments / General Business Principles /

Over the years of my practice and subsequent success/failures I have grown to appreciate the multifaceted reality associated with conducting business well. I have found that everyone puts their own spin on creating wealth or has a bias that bleeds through their approach to business. This isn’t bad it simply illustrates that there are many […]

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Hero on a Mission by Donald Miller: A Complete Guide to Finding Your Life Purpose

1 Comment / General Business Principles, Tools /

I just finished going though Donald Miller’s new book Hero on a Mission: A Path to a Meaningful Life. I was exposed to the book while listening to the radio. Dave Ramsey had Donald on his show and gave him a short interview discussing the book. The hook that got me interested was when Donald

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2030 and the coming opportunities for those that want to buy a business

The 2030 Business Buying Opportunity: Baby Boomer Succession Crisis

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For those of you running your side hustles and banking some extra cash I hope you ear mark some of those funds to take advantage of the coming transfer of wealth. Baby boomer owned businesses that don’t have succession plans in place are going to offer great opportunities for those of you who have the

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The Ultimate Guide to Hiring Employees and Finding the Right Job Match

Leave a Comment / General Business Principles, Growing a Business /

Do to some recent involvement in hiring processes I felt like it would be a good time to share some insight on what I have learned. As an employee or an employer the following information will help you find a good fit. It is amazing at how little thought is given to the pairing of

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Understanding the Competitive Advantage Spectrum in Business

15 Comments / General Business Principles /

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

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The 4 Critical Small Business Success Factors Every Entrepreneur Must Know

5 Comments / General Business Principles /

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

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Understanding the Theory of Constraints: A Complete Business Guide

8 Comments / General Business Principles /

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

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Why You Shouldn’t Limit Yourself to Only One Career Path

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You’re attending an event. Someone asks, “What do you do?” How do you answer? Maybe you say, “I own a restaurant.” Or, “I’m a manager at Acme Industries.” Or, “I’m a teacher.” Whatever you say, I bet your answer won’t include the word “and.” But it should, regardless of the stigma often associated with being

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