Resilience in your business is the linchpin of survival and success. It is not an optional strategy, but a fundamental necessity for long-term success and involves the strategic preparation, flexibility and resourcefulness required to not only survive, but emerge stronger and more competitive when challenges arise. What is Business Resilience? Resilience refers to a…
When you own a business, you want it to succeed. Yet 18% of businesses fail in the first year, 50% fail after five years, and 65% are gone by year 10, according to Bankrate’s 2022 Small Business Statistics. So, what can you do to make sure your business continues to thrive and grow? Find…
The goal of simplifying decision making is to make the process of choosing between options faster, easier and more effective by reducing the complexity of available information and presenting clear and straightforward options. Overall, simplifying can improve your business. A data-rich environment can make it more difficult for people to make decisions. It can…
What changes in your business practices did you make due to the pandemic that you intend to keep once restrictions have been lifted? Focus on remaining flexible in the use of communication platforms throughout the future Virtual sessions. And yes as much as possible Increased Virtual Sessions Working from home Added a marketplace, intranet, remote…
Jim Collins provides insights into Level 5 leadership, a concept described in his book, Good to Great. A Level 5 leader balances humility and will but puts the organization above personal gain.
This study showcases brand new research on today’s business owner, including what is top of mind from a personal and business perspective, what keeps them awake at night, and the best messaging you can use to break through to a meaningful dialogue. 2018 Business Owner Perspectives Study
Strategy doesn’t have to be complex but it can be hard to design and execute. This template guides you through the required elements for a powerful strategy. For each of the ten elements, characterize where you are with your current strategy – none part of it exists, you have developed an approach, you have started…
Small businesses often operate as if their sole purpose is to fund the owner’s lifestyle, but the most valuable companies are run with financial rigor. You may be years from wanting to sell, but starting to formalize your operations now will help you predict the future of your business. Then, when it does come time…
It can be tempting to offer shares in your company to finance its growth. These days, there are plenty of investors chasing promising new companies and, in today’s tight labour market, employees are getting more brazen in their demands for equity-based compensation. However, using equity as a form of currency dilutes your position and may…
Walk down Nashville’s Lower Broadway any night of the week, and you can hear aspiring artists belting out cover tunes from Elton John to Garth Brooks. In many cases, these musicians come to Nashville to be discovered but pay their rent using the tips they get by playing other people’s songs. Most are lucky to…
