Category: General Business Principles
-
Why You Shouldn’t Limit Yourself To Only One Career
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…
-
Reader’s Questions on Contemporary Business Issues.
The following list was posed to me by a reader so I thought if this person had these questions others may also. Each refers to small business and the issue of growth. I left the questions as they were asked 1. Are small to medium sized companies innovative needs, more crucial to their success than…
-
Conflict Management Strategies Used In The Workplace
Whether you own your own business or simply work in an environment with other people you will run into situations that require you to manage conflict. Conflicts can be interpersonal, profession, or simply strategic in any case having the ability to work through conflict is a vital skill. You may not realize how much conflicts…
-
Steps to Saving a Company, Triage in Business
If your business is seeing trouble times and needs some crisis management here are the steps that will turn things around. In a crisis situation every decision can mean the difference between saving or killing the company. Your job as a business owner is to manage the situation in a way that provides the best…
-
Why Additive Manufacturing is Shaping Your Future and What Small Business Can Learn From 3D Printing.
If you haven’t heard by now there is an increasing amount of buzz behind the world of 3D printing. 3D printing, also referred to as; Fused Deposition, Stereo Lithography, Desktop Manufacturing, Rapid Prototyping, and Selective Laser Sintering is an additive manufacturing process in which material is added layer by layer to produce a desired geometry.…
-
Case Study of a Successful Little Business
I recently had the privilege to review the 10 year performance of a successful little business and want to touch on some of the general business principles that allowed this success. Confidentiality prohibits me from including specific details but you probably don’t care about those anyway; you want to know what you can take away…
-
Characteristics of a Good Entrepreneur
Many of my posts stem from ideas or issues that arise in my life, this one is no different. Yesterday a series of events played out that made me want to discuss the characteristics of a good entrepreneur. To be frank these characteristics are also ones found in all productive people. The event yesterday had…
-
Lessons Learned from Rental Property.
The last 6 months my life has been consumed by a remodeling project which has taught me a few valuable lessons. I hope to get into the specifics of the project in a later series of posts but for now all you need to know is that we tore a rental house down to the…
-
Entrepreneurs, Take Advantage of the Business Cycle Phases
I recently met with my financial advisor and our discussion sparked an idea for this post. I am going to discuss the business cycle and how as entrepreneurs we can better position ourselves to take advantage of the phase changes. The Business Cycle As you know there is an ebb and flow to our economy…
-
What is The Importance of Human Capital in Small Business?
A series of conversations has prompted me to address the importance of the human element as it pertains to small business. It seems as though most understand the importance of financial capital and overlook the role human capital plays in successful companies. I find this interesting especially because the significance of human capital can arguably…