When running your business, it can come in handy to trust your gut instinct and rely on your intuition. It’s important when reading people. It’s important when being creative. It’s important in a multitude of circumstances. It has its limits, though. At a certain point, you need to start testing and measuring so you know […]
Operations Articles & Posts
This section contains some essential operating “How-Tos" for small business owners and Entrepreneurs. The goals are to help focus your business on excellence profitability and efficiency. A critical component of these materials is to demonstrate how factors like logistics, sourcing and staff can improve results After you have reviewed them, you should move on to the OPERATIONS TEMPLATES section located in the Navigation bar beneath OPERATIONS ARTICLES.
We make numerous decisions every day like what to wear, what to eat, and what form of advertising should our business pursue? We even make a decision to defer a decision, or we decide to procrastinate. We spend too little time on the how and the why of our decision-making, decisions that deeply affect the […]
After counseling over 1,500 clients seeking to start new businesses, it’s troubling so many of them seem possessed with what can be called the Zuckerberg, venture capital, or hockey stick plan to starting a business. I typically read 3 to 5 startup business plans a week. So many are simply outrageous just because of the […]
Why Consider Importing? Be honest. The main reason is price. While there are numerous variations between nations, U.S. labor costs including benefits is at a minimum $10-$20 per hour. China, on the other hand, is $1-2 per hour. The disparity in price is obvious as to why importing goods is important. China exported over $500 […]
All entrepreneurs want to and frequently need to protect their innovations. The questions then become can you and do you need to? You need to consider patents trademarks and copyrights. Clearly, it is hard to protect a fitness center, except for the name. You do need to protect many technological innovations. You also need to […]