Frameworks are the common denominator in successful businesses, no matter the industry. Put simply – well-defined frameworks are a requisite for business survival. These frameworks set the table for short-term efficiency and long-term operational plans, which address changing factors in the marketplace. To grow and scale, a business needs to have frameworks for every operation […]
5 Stages of Disruption Denial Cause A Startup Dilemma
How many times have investors heard startups start their pitch by touting that their technology is “disruptive?” What entrepreneurs forget or don’t realize is that most customers are wary of all technology, educating the market on new technology is expensive, takes a long time, and people buy problem solutions rather than technology. Investors will likely […]
How Can You Keep Your Workplace Conversations Private in Public?
For any business owner, ensuring that staff can communicate with each other on the go is vital. The development of remote internet connectivity and working conditions means that we are no longer tethered to the office. However, the trade-off is that this means your staff could be conversing with colleagues, clients, partners, and suppliers in […]
Agile Working: What Is It and How Do You Do It?
Many businesses extoll the virtues of ‘agile’ working. But for those companies that have never encountered this term in practice, it can feel like some sort of mythical way of operating your business. Some believe that the term relates to flexible hours for staff, or hot desking, or even remote working. The fact is that […]
The Question Asked By Jeff Bezos That Blew Me Away
Here’s the question This piece of wisdom came from Jeff Bezos, founder of Amazon, during a board meeting for one of the companies where he sits as board member. Jeff asked the question “Is there anything big or small, which is working better than you expected? Is there anywhere we could double down?” What a great insight. […]
The Evolving World of the Beverage Business
In bygone years, the beverages Americans typically consumed tended to fall into simple categories, such as water, juice, milk, coffee, tea, sodas, and alcoholic beverages. However, as our focus has shifted to generally wanting healthier options, while simultaneously having wider access to more variety, we’ve come to expect something much more from our drink selections. […]
Small Business: Unique Ways to Beat Labor Shortage
Political and economic pundits have been discussing the increasing labor shortage, though it would not appear to have one single root cause. As employees ask for higher wages, existing distribution structures are struggling with the demands. A few industries have raised prices as a way to deal with this while others are working with their […]
2nd-Order Effects Of Pandemic Create New Business Approaches
The global impact of COVID-19 has so far been unlike anything since at least the second World War. And everything in life has consequences. We’ve already seen the first-order consequences of the pandemic such as the shut-down of international travel, the temporary lockdowns, the social distancing, and the strained supply chains. These consequences have already […]
What is Innovation, Really?
As the saying goes – innovate or die. But what impact does innovation have in real life? Sure, it is fine to be creative but does that really make a difference? Research says that our average standard of living has increased substantially since we chose to innovate. An average household owns 1.88 cars, 90% of […]
Caring and Tech: Reimagining the Nursing Homes of the Future
There is a growing disconnect between the quality of life and care in nursing homes and the number of people who will need nursing home care at some time in life. While just 19 percent of Americans feel that nursing homes make them better off, 1 in 3 people will need that care in their […]