Few of us could have predicted the length, depth and severity of the economic crises. Many of us thought we were immune, our strategies bulletproof and our products and services infallible. We thought we are doing well because of 1) our own brilliance 2) we thought we were market and product leaders 3) our service [...]
A recent study – “Nice Girls Just Don’t Get It” examine why women often don’t break through as leading entrepreneurs. Women are leaving corporate companies at twice the rate of men (according to a study by Cheskin Research). No longer willing to devote their time and energy to employers who won’t meet their needs, they’re [...]
Whether you’re trimming your operation to streamline your successful business or save your recession-affected enterprise, consider these tips. Not every business suffers during a recession. Some industries even thrive because they are recession-proof. But many others experience reduced revenues and lower profitability, even as the economy slowly recovers. But regardless of which side of the [...]
As consumers batten down the hatches and the global economy slows, senior executives and business owners confront a more profoundly uncertain business environment than most of them have ever faced. Uncertainty surrounds not only the downturn’s depth and duration—though these are decidedly big unknowns—but also the very future of a global economic order until recently [...]
By now it should be clear – we are facing a tough time – and even tougher times ahead. All business owners are at the same time - at the same place and it is very unfamiliar. The business strategies we have crafted previous – all of which has brought us to this point in [...]
When will it end? How to focus on survival in 2011: I saw a bumper sticker the other day that said “Refuse to Participate in the Recession.” I have no idea if that driver had a job or was looking for one, but he was obviously electing to make the most of the challenges he [...]
As a business owner or manager, the environment in which your business operates significantly influences how it performs. One of your central responsibilities and challenges is to align your business with the environment and manage it in a way that makes the most of prevailing conditions. The economic landscape is not what it was twelve [...]
During turbulent economic times, such as now, we can easily find ourselves shifting the blame for the failure of our businesses to factors outside of our control. Similarly in economic boom times we can find ourselves being quite proud of the results we achieve almost without having a clue as to how we have accomplished [...]
Growing a business is often all consuming and the time, energy and effort it takes to be successful often means that business owners become snowed under and fail to see the wood for the trees. Losing focus on basic business principles can happen very easily and it can happen to the best of entrepreneurs. When [...]
A little competition can be a healthy thing. It can also be both costly and disastrous if you aren’t up to par with others in your particular business or industry. How you handle competition can be a direct link to the success or the failure of your company. You can, however, significantly increase your chances [...]
