(Truth)Fundamental truths that relate to and govern 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 […]
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 »
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
How Entrepreneurs Can Profit from Business Cycle Phases Read More »
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
The Critical Importance of Human Capital for Small Business Success 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 »
The formula for success is a question that has long plagued entrepreneurs, but a helpful tool now exists that will assist in identifying the primary metrics of any business. The business model generation template comes from the minds of 470 contributors and was compiled in the book Business Model Generation: A Handbook for Visionaries, Game
The Complete Business Model Canvas Template for Entrepreneurs Read More »
Time is the only one true fixed resource. Having a finite amount of time to complete any task makes time management an integral part of an organization. Entrepreneurs often have difficulty balancing their planning and organizing while simultaneously entertaining potential customers. What most don’t realize is that the time they have is very limited, and
The Critical Importance of Time Management for Entrepreneurs Read More »
Most side income advice starts with a skill you don’t have or a platform you don’t understand. Location arbitrage starts with something simpler: the same item priced differently in two places. You buy where it’s cheap. You sell where it’s not. The gap is your margin. No special skills. No inventory risk if you play
Location Arbitrage: How to Build a Side Income Buying and Reselling Locally Read More »
If you run a shop floor, a service operation, or any process with more than two steps, you have a constraint. One step limits everything else. Drum Buffer Rope is the Theory of Constraints answer to that reality: a scheduling method that stops you from optimizing the wrong things and focuses the entire system on
Understanding Drum Buffer Rope (DBR) in Theory of Constraints Read More »
