As an entrepreneur and a small business owner, understanding the key factors that influence venture performance is critical to achieving long-term success. I decided to
When you consider the revenue growth rate of small businesses, it’s important to recognize that these rates can vary significantly. This variance depends on several
It’s been 8 years since I wrote this book on business leadership, and I decided to ask ChatGPT to write a brief summary to see
You need to score to win at anything in life, and to score, you need to play offense! I don’t know what’s happened to
Courage still matters in business and in life. Many of us avoid the difficult decisions or talk ourselves out of taking risks. We strive for comfort where only pain and discomfort exists. It’s better to bet on yourself and your business and accept the consequences then to live in someone else’s shadow or become another fish in the pond of mediocrity.
As we wind down another year, I thought it would be useful to share some best practices I have observed over the years by leaders who tend to end every year on a high note:
In small business settings once you get past the obvious knowledge and competency screens, success decisions are most often a matter of personal choice.
I’ve witnessed a disturbing trend lately amongst many entrepreneurs. They want to work the hours of a successful person without yet attaining actual business success. I think all this talk of work-life balance has people a bit confused. It you want to run a business that supports a flexible lifestyle, you can certainly choose working for yourself as an option, but financial success usually requires very hard work especially at the beginning. You can’t enjoy the experience of having climbed the mountain without having done the hard work to climb it in the first place. You can’t be all things to all people including yourself; you must make some tough choices about how you spend your time.
Here are a few basic truths abut business to help ensure your success: It all starts with simple math. The formula is pretty straightforward: Revenue
There is a dark side to our competitive nature as individuals that often begrudges the success of others. I’m not sure why this and there are probably many psychological and neurological explanations. What I do know is that individual success is good for a community. In business this means more people get hired, employees have steady and stable incomes, more vendors get paid, tax revenues go up, charitable giving increases,and more discretionary dollars are spent on other things. The good news with entrepreneuers is that most of the fruits of their success stays local. We should root for as many people to be successful as possible.