Ten Things Business Leaders Need to Do in 2023
It has certainly been an interesting time to be a in a business leadership position these last few years. Every time you thought you had something figured out a new challenge arose. It was hard enough dealing with COVID-19 then we had to deal with a broken employer-employee model. In addition, economic conditions have been […]
Daily Leadership Thought #111 – Diversify Your Product/Service/Market Risk
We’ve all heard the saying that “…you shouldn’t put all your eggs in one basket.” The same thing could be said about betting everything on one major product/service line or depending too much on a small group of clients. Just as diversification is essential to managing financial investment risk, business leaders need to hedge their bets and manage their financial vulnerabilities.