5 Myths of a Business Plan
Do you need a business plan? What will be the purpose of your Business Plan? Are you seeking funding? Want investors? A new partner? Looking to be acquired or purchase …
10 Simple Rules for Family-Owned Businesses
Small business owners are the backbone of the U.S. economy. There around 5.5 million family-owned and operated businesses in the U.S. About 90% could be deemed family-owned. They could be …
5 Business Growth Traps
Most small businesses will struggle to meet their strategic goals. Why? They fall into “growth traps.” Sometimes they try to mimic their competitors to ignoring the lessons of failed companies. …
6 Questions to Ask Yourself Before Starting a Business
Do you have what it takes to become a successful entrepreneur? That is a question every soon-to-be entrepreneur should be asking themselves. Many wantrepreneurs believe by being their boss will …
Understanding Your Target Market
No business can be all things to all people. Instead, you must reach specific customers and satisfy their particular needs. As an entrepreneur, you must identify those customers and understand …
Be Yourself, To Improve Yourself
I’ve always been fascinated by the Japanese carp otherwise known as the koi. It’s a fish with seemingly unlimited growth potential. If you put the koi in a small fishbowl, …
1 Percent Rule
The 1% rule is simple: improve just 1% each day. The idea is that if you do this, the good habits you develop stack over time. You can’t be a master in …
Are your employees set up for Success?
“Employee engagement” is a catchall term, not to mention an endlessly marketable consulting concept. Many business owners are skeptical about their own “employees’ engagement.” According to Gallup, when employee engagement …
Time Management Tips
Everyone is given the same amount of time each day. It is up to us to manage this time as we would any other precious, nonrenewable asset. As the saying …
Mastering the art of managing
Twenty-five hundred years ago a new Chinese emperor took the throne of the Middle Kingdom. He was only 18, so he called upon the court’s wisest advisers. “O learned sages. …