Life is full of good and bad decisions. Thinking back to our youth, we can all come up with a few examples. As we mature, we learn that bad decisions are usually made because of factors like a lack of knowledge, impulsivity, or not taking the time to think things...
Investing in your employees’ growth is more than providing raises and promotions. The goal is to find out what's important to each person on your team and give them ways to develop in those areas. According to Mary Meeker's Internet Trends 2015, millennials valued...
The concept of project management is simple. Organize your efforts to see improved results. However, the execution of this idea often turns out to be more complex. If you're struggling with your project management, take a look at the reasons behind your challenger,...
Rarely do any business strategies involve staying the same instead of trying to grow. So what do you do when your profit and loss sheets indicate little or even negative change? Paying attention to your profit and loss statements can help you find new ways to improve....
How important is a clear communication strategy? A study by Watson Wyatt showed that companies that used effective communication were more than 50% more likely to report below-average employee turnover. Companies look at a yearly loss of nearly $27,000 per year for...
Keeping track of projects is easy with a small team. Many startups do just fine with informal procedures and close communication. However, this setup only works until you start experiencing real growth. The growing pains companies experience when they have no project...
How many times have you missed the perfect opportunity because you waited too long? Don’t miss out on the benefits of growth because of a lack of action. A good plan is only as strong as its implementation. Here, you will find the tools to help you move forward...
How many businesses have failed by trying to stay the same? In reality, the only constant is change, and the harder you try to resist it, the more problems your face. Thankfully, a reliable strategy that plans for your growth will save you endless future headaches....
Where do you want your business to be five years from now? How about in ten years? If you haven’t thought this far, you’re not alone. In 2018, only 63% of businesses surveyed reported they had planned for more than a year in advance. Though more than half of...
The Marketing Research Association reports that of all the developed products, only 40% make it to market. Even more shocking is that 40% of those that do make it don’t generate any revenue at all. Careful planning increases the chances that your product will not only...
Every year, over 30,000 products hit the market. However, according to Clayton Christensen, professor at Harvard Business School, 95% of these products will fail. Beating the odds doesn’t depend on luck. When you understand product development, you learn why so many...
Every product started as an idea. The difference between products that outperform in their market and those that fail before taking off isn’t just luck. The best products rely on solid product development strategies to set them up for success. In this article, we’ll...
The best process isn’t the perfect one. The best process is one that gets used. Once you learn how to avoid the mistakes that lead to impractical procedures, you can implement steps that build a stable foundation for your company. This article covers the in-depth...
Imagine that you're training for a new role in another department. You have their SOPs, and you're following them to the letter. The issue is that everyone else is not. What do you do when the processes are there, but there's still something missing? Now that...
For a moment, imagine that you have to show someone how every process in your company works within 24 hours. Can you do it? Those who said yes probably have one of two things: Incredible luck or well-structured processes. But what is a process? And why do you need to...
When a company begins to scale up, it may find itself faced with problems it just doesn't know how to solve. When this happens, it may be time to consider bringing in a Chief Operating Officer (COO). However, that may not be the right fit for every kind of...
Have you ever had the perfect dinner at your favorite restaurant and the waiter brings you the dessert cart? The temptation is real as you stare at those decadent creations but you know you can't finish one. All you need is a bite to make you happy. That one bite...
There is every chance that at some point in your career you will need to take on advice on where to take your business. Maybe you will get this from a peer, a previous colleague, or it might be your manager. Either way, it might turn out they do not have the answer...