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
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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 »
Sometimes a short-term problem, once solved, becomes a long-term business advantage. I have never had a need to take credit cards other than maybe once or twice here and there over the last few years, and we’ve always found a solution that gets us through. But just last week I had a government customer that
When You Suddenly Need to Accept Credit Card Payments 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 »
