Billionaire publisher Malcolm Forbes coined the saying, “He who dies with the most toys wins.” And upon his death, Forbes certainly had a lot...
It's important to know when you're ready to expand and how to begin the process without becoming overwhelmed. But how do you know the time is right?
The new corporate model is a distributed entrepreneurial model. Customers today demand products and services personalized or tailored to local needs with embedded quality of life services.
A very busy schedule and perfectionism are a deadly combination. A "friend of mine" has this problem from time to time. There just isn't enough time to do everything and do it perfectly.
Being in the lead position does have its benefits. You garner market share and name recognition, both of which are so important. The more you have of these two elements, the greater the probability that you will stay in the lead.
Michael Porter said, “Culture eats strategy for breakfast.” This is the first thing that popped into my mind when I read Steve Blank’s HarvardBusiness Review article explaining why...
Every company tries to limit costs and increase revenue to maximize overall productivity and profits. However, some costs are unavoidable and must be spent.
Sometimes old good ideas make the best new ideas and that's what we are currently witnessing with the resurgence of mobile businesses. Today, what started as a food truck renaissance has now spread to a wide range of commercial activities.
Contrary to popular belief, competing with other individuals or companies is counterproductive. A better idea is to seek advantage.
A huge opportunity for entrepreneurs lies in taking advantage of that very slice of the market: The people who are sitting on the sideline, waiting for you to show them why they should even buy a particular type of product or service at all. This is disruptive innovation at its best, and it's an increasingly viable way to achieve business success.