We often refer to the brain as having two hemispheres: the left, largely responsible for logic, and the right, predominately responsible for creativity. This description fits what we know to be the cortex or new brain; however, there is a third dimension, the hypo-thalamus or pre-historic brain, which is in fact the brain stem and […]
Some business owners scoff when I suggest it’s possible to double one’s customer base in a single month, but I honestly believe it’s because most set their expectations too low. For some reason, people seem to only expect growth in line or slightly about the rate of inflation, so they believe they can get a […]
Horrible bosses are one of the many reasons that make you want to open your own business. So you got up from the right side of the bed one morning and you decided to work for yourself? There are three possibilities to mull over. Should you start a business from scratch, or buy a business […]
My experience tells me that a very small percentage of company presidents, managers and supervisors truly inspire their staff. They might build solid teams, set clear expectations and reach most of their goals, but they fail to inspire their people to reach and become better. But if you’re building effective teams and getting adequate results, […]
Beating the odds and achieving success is something that only the most hard working and determined individuals end up doing. There are examples of numerous entrepreneurs who faced tons of adversity and came out even stronger, with their stories later being taught in schools and colleges. They defied odds, preserved, held on to their dreams, […]
If you are an executive or owner of a business, you can probably count yourself amongst those who routinely run on minimal amounts of sleep – four to five hours a night is not uncommon. Margaret Thatcher was famous for only getting four hours of sleep a night during her years as a prime minister. […]
SWOT analyses tend to result in a two by two Johari window type document with strengths and weaknesses at the top and opportunities and threats at the bottom of the table. The benefit of doing these in this way is limited to being an audit exercise as no flow occurs from one element to the […]
A Franchise and small business are both business models that you can own. There are differences between how the two are run, and each has its own set of pros and cons. You might find the idea of operating your own business to be very appealing but there is more leg work required in launching […]
Let’s just assume, for the sake of making a point; that you have opened up a Dunkin Donut drive-thru on the side of a busy road. The outlet looks great. It is bright and visible with a signboard pointing towards it and the location is strategic. The road has a lot of traffic influx and […]
The most common complaint I hear when talking to owners of small to medium sized businesses is that, “we can’t compete with the big guys on price.” The perception in the market place is that people are shopping on price alone. The only reason your customer asks the price up front is because that is […]
Wise people learn from their mistakes. Exceptionally wise people learn from other people’s mistakes. And these mistakes can appear on paper in the form of dollars. Your franchise will definitely come with manuals and training programs. However, as a newbie franchisee, you will tend to make choices without consultation that would make sense to you, […]
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