Can Small Retailers Really Compete with the Likes of Superstores? YES! Many independent retailers become discouraged when major superstores begin taking chunks of their market. However, there are ways smaller retailers can adapt and find […]
What your financial statements tell you – and why you should listen As businesses face yet another season of tepid market demand and tight credit, having access to accurate and timely information about your company’s […]
After many years in global business, I’ve noticed that companies get into trouble when they have a false belief that simply expanding the domestic execution strategy will translate into a successful international expansion. Companies face […]
“As a billing manager, I never seem to have the time to coach my people consistently, and they have such a limited attention span that I get the feeling, especially with my veterans, that they […]
Nineteen years ago, I returned from my family’s winter holiday, unlocked a small, empty, rented office, and started my own tax and financial planning firm. I knew what it would take for my business to succeed. […]
Patrick Finn is an Irish immigrant who came to America to build a better life in the land of opportunity like so many millions of immigrants before him. When he first arrived in the United […]
Some business owners might say their schedule is demanding enough at the moment, and the thought of adding one more activity to their busy calendar is unbearable. So why should they try to cram time […]
10 items entrepreneurs must work on to bulletproof their business Most startup businesses are little more than an “incorporated job”—a vehicle for the owners to earn a market-rate salary with the hope of future growth. […]
I first learned about business strategy while in college a very long time ago. If memory serves me well then the definition goes something like this: the direction and scope of an organization over the […]
As part of the business valuation process, analysts and editors in my department conduct phone interviews with clients to learn more about their companies. I’ve probably performed at least 100 interviews already, but one particular […]
Businesses that rely on fleet vehicles to provide products and services to their clients can experience tangible financial benefits with GPS fleet tracking. GPS tracking essentially puts you in the passenger seat of every truck […]
It takes a certain type of mindset to lead a construction company to success. Most construction company owners started out working for someone else, became experts at a technical skill and then decided to go […]
Paying attention to the environment demonstrates good stewardship and translates into good business. Companies touting their planet preservation accomplishments via marketing messages benefit from positive publicity, while saving corporate money. Though Earth Day was officially […]
Though it may be difficult to imagine, small businesses have many of the same needs as non-profit organizations. The goal of many non-profits is to help solve the urgent social problems faced by communities. Nonprofits […]
Imagine a world in which very little changed over time. This year’s products are the same as last year’s products, and they’ll be the same as next year’s products, too. The same with production methods, […]
In business, nothing moves faster than capital. These days—where billions can move halfway around the world with a mouse click, or professional football teams can change cities overnight—your success can be enhanced by a change […]
You might think that a business manager, whose leadership style is based in martial arts, would be quick to lead by intimidation. For Robert St. Louis, a vice president of operations with a fifth-degree black […]
The first decade of the 21st century has been characterized by exhilarating growth only to be followed by the worst recession most businesses have ever experienced. In loftier times, it took little effort to get […]
There’s an old saying that what people don’t tell you is more powerful than anything they do tell you. Recent decades have brought us information systems that produce voluminous reports, which unfortunately then sit on […]
Have you ever been to the beach when the surfers were out? Do you remember watching them sit out in the ocean on their boards, waiting for the perfect wave to come along and carry […]
What is wrong with my business? Why am I struggling? Why can’t I grow? Why am I losing customers? If you are asking yourself these questions and looking for the answers on your income statement […]
Managing for a predetermined profit is not a well-known practice in the construction industry, where smaller companies, including startups, owner-operated organizations and small partnerships represent the majority of firms. Yet, when put into practice and […]
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