It’s not enough to know your business or even your industry. In today’s competitive marketplace, it is just as important to know yourself. Self-awareness of who you are both personally and in a business sense, along with your strengths, weaknesses, opportunities and limitations, can help you lead your company to bigger success. “Research suggests that…
You already know how important it is to have a business plan. Without it, how would you know your goals and the specific steps to reach them? However, did you know that you can be even more successful by tying your business plan to a personal financial plan? Since success comes from planning, executing…
Strategy doesn’t have to be hard, but it does take effort. If you can’t define your strategic themes clearly, the rest gets a lot harder and may never result in a coherent strategy. Look at how hard it is for S&P500 companies to explain.
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.
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…
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…
