Consider your core. It is the one skill, process or advantage you have over your competition. Then think of all the things you do to surround that core with people and assets that complete your company and allow you to release your product or perform your service. Which of your IP assets is your core? […]
Planning
What is a SWOT Analysis? It Positions Your Business!
A SWOT Analysis is a strategic planning tool to help you position your business within your market and your industry. The components that make up SWOT are: Strengths, Weaknesses, Opportunities and Threats. As a bonus, you can also throw in an additional T (SWOT-T), Trends. Here’s a short description of the SWOT components: Strengths: What are your business’ strengths, […]
Steps to Franchise a Business
Today’s Tip is on how to franchise a business. If you have a successful business and have determined that it is “franchise-able” Franchise Solutions has the next steps to take. By “franchise-able” we mean you have evaluated the business’s potential and found that it can be duplicated well. In addition, you have deemed your business offers beneficial […]
How to Launch a Warehouse Management Business
The success of shared office spaces in recent years has spawned similar business models in other industries, as well. There are a number of businesses today offering shared spaces for stylists, attorneys and accountants, just to name a few. One industry where shared space is extremely common is warehousing. The reason shared warehouses are so […]
10 Thinking Methods That Foster Business Innovation
Innovation is the key to long-term business success, both in startups as well as established organizations. Yet every business and every entrepreneur I know struggles with this challenge, focused on hiring the right people and implementing the right process. Yet, in my experience the key seems to be more a discipline of innovative thinking from […]
Is Your Startup Gearing Up for Success or Failure?
You’d be surprised how many new business owners make simple mistakes when they’re trying to get their startup off the ground. Launching your own venture can be a stressful time—and while many still fail, you still need to make sure you’ve got the basics sorted to give you the best chance of success. A great […]
Is Your Startup Gearing Up for Success or Failure?
You’d be surprised how many new business owners make simple mistakes when they’re trying to get their startup off the ground. Launching your own venture can be a stressful time—and while many still fail, you still need to make sure you’ve got the basics sorted to give you the best chance of success. A great […]
Don’t Despair While Building a Sustainable Business
Entrepreneurs seem more quickly frustrated these days when their “million-dollar idea” doesn’t turn into a sustainable business overnight. They don’t realize that it takes many skills to build a business under the best of circumstances, and today’s world of instant gratification doesn’t leave room for the patience and practice to develop these skills. Successful sports […]
How to Create a Buyer Persona
No matter what you do for a living, you have customers. And odds are you want more of them. But every customer is not equally valuable to your business. And every potential customer out there does not want to buy what you sell or buy it from you. One of the most glossed over aspect […]
These 5 Industries Know How to Brace for Economic Stagnation. Do You?
The world’s economy operates in a cyclic nature where periods of economic prosperity are experienced, and then recession strikes. During the downturn, many businesses collapse and never recover, which explains why most of the companies are now bracing for a recession. Here are some of the industries and how they are preparing to handle recession […]
