(Truth)Fundamental truths that relate to and govern business.
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 »
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
Why You Shouldn’t Limit Yourself to Only One Career Path Read More »
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
Small Business Innovation Questions: Expert Answers for Entrepreneurs Read More »
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
Effective Conflict Management Strategies for the Modern Workplace Read More »
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
How to Save a Failing Business: The Complete Triage Strategy Read More »
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.
How 3D Printing and Additive Manufacturing Can Transform Your Small Business Read More »
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
How a Small Business Achieved 20% Annual Growth for 8 Years: A Case Study Read More »
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
Essential Characteristics Every Successful Entrepreneur Must Have Read More »
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
Essential Lessons Learned from My Rental Property Investment Experience Read More »
