Anyone can run a company during good times. When you are making money, it's easy to overlook some of the deeper issues that are lying beneath the surface just waiting for an excuse to move to the top of your company's list of challenges and create havoc. Paying attention, during good times and bad times, to these ten proven concepts will help your company weather today's storm and make sure the next one won't hit you so hard. Reconnect to every single client and ask them what

A business model simply defines the foundation of how an organization makes money; however, the process of business model construction is an essential part of business strategy. Business models answer these fundamental four questions: Who is the customer? What does the customer value? How do we make money in this business? What is the underlying economic logic that explains how we can deliver value to customers at an appropriate cost? A good business model begins with an ins

The pursuit of digital transformation affords leading companies the opportunity to disrupt established industries. Amazon is a great example, beginning in e-commerce and now entering the retail grocery business with a fully digital checkout process, allowing them to create the checkout-free grocery store. Moves such as this have led companies of all sizes to increase their focus on digital transformation. Technology is changing the way business is done, as we know it, and you

Most of us use elaborate procedures for managing our money. We examine the reasons why we select a specific portfolio to invest our money in and hire financial advisors, business attorneys, or other resources to make sure we are making sound investment decisions. Our time, in contrast, goes largely unmanaged. Although phone calls, emails, instant messages, meetings, social media, television…etc. eat up hours in every one of our days, we have few rules to manage those interact

Have you considered what is the fundamental business competency essential for success of an entrepreneur? There are many business owners and leaders that overwhelm themselves to a point of exhaustion compromising the success they could be realizing. The problem is that they do not function as an entrepreneur. The solution comes with understanding how an entrepreneur needs to function. There are specific competencies that are required to succeed in a given role. What is this