Read MoreApproximately 7.5 Million small businesses have closed or may close due to corona. If your business is one of these do not despair. As long as the root of what made your business successful remains, new life can grow from it!
Read MoreWhen you start up a new physical activity you can get blisters. However, over time you will develop calluses and be able to do the activity without pain. The same thing happens when you start a business.
Read MoreWhen a new startup (not cooperate) competitor arrives in your market you have a choice. You can either try to wipe them out, ignore them, or befriend and even help them out.
Read MoreHaving to compete in business for customers can often be a challenge. Sometimes it can be fun, others, not so much.
Read MoreWhile at times it can be beneficial to copy your competitor’s success, this is not always the case.
Read MoreWe get told to think outside the box so often, we can forget to have a box, to begin with.
Read MoreWhen things get hard, sometimes we need to step out of our comfort zones, and do whatever it takes to keep our families fed and enough capital to keep our business afloat. Even if it means taking another temp or part-time job in order to keep going.
Read MoreHarvard Business School professor Michael Porter wrote a paper outlining the competitive forces that shape a business
Read MoreToday I start a mini-series on Michael Porter’s paper on competitive forces and strategy
Read MoreWe need to save lives, as well as the economy both are needed. The question is how do we prioritize them, and what will it take to best mitigate the damage.
Read MoreToday I talk about when to make the transition from employee to a business owner, to one day being an employer.
Read MoreI explain two little known but key accounts you should have as part of your business financials. Properly used these two funds can keep your cash flow going even in hard times.
Read MoreThere seems to be a common consensus that business debt is not only unavoidable but even desirable. However, debt carries a lot more risk than most people realize.
Read MoreTo increase profits and to help survive lean times, it helps to lower your overhead. In today’s podcast, I explain what overhead is and some key ways to lower it.
Read MoreSometimes life delivers blows to your business that knock you back. When this happens, do not give up. Regroup and plan a comeback and then when the moment is right, come out swinging!
Read MoreDuring WWII It was not America’s strength of arms that was decisive, rather its ability to ramp up manufacturing quickly. Today in 2020 we face an unprecedented invisible enemy. And America’s manufactures and entrepreneurs are stepping up the challenge again.
Read MoreIn my opinion, small business is the hope for the American economy.
Read MoreStarting a business is a lot like a blacksmith forging a knife. First, you hammer out the basic shape, then you use a grinder to bring it into its final form, and lastly, you polish the blade to not only make it look good but to put a razor-sharp cutting edge on it so that it is actually useful.
Read MoreStarting a business is like having a child. No matter how much you plan and read about it you will never be fully prepared. So if you wait to start your business until you are completely ready, you will never start.
Read MoreI talk about many of the aspects involved in outsourcing the production of your product or services. While you may save money on the finished product you may have issues with the speed of production, quality control, and shipping among other things.