How to learn from your competition
Let’s admit it; most of you consider your competitors as an inconvenience that you have to manage. However, the truth is that you will always have competition, and as entrepreneurs you have to live with this reality.
Rewarding key employees when ownership is off the table
Turnover in key positions is disruptive to the business, costly and consumes time. Sometimes these valued employees want “a piece of the pie,” but some owners are not wiling give up any ownership.
Critical thinking helps managers work through problems
Critical thinking is the ability to use intelligence, knowledge and skills to question and carefully explore situations and arrive at thoughtful conclusions based on evidence and reason.
What small businesses can learn from the General Electric pivot
On September 7, 2001, Jeffrey R. Immelt was named chairman and CEO of General Electric, the industrial giant founded by Thomas Edison 123 years ago. In that half week, Immelt’s world cascaded from an era of “benign growth to one of unprecedented geopolitical and economic risk.”
Be you — every day and in every way
When it comes to differentiating yourself in the sea of solutions available to prospective clients, something I call “The YOU Experience” is what sets you apart.
When's the right time to reinvent your brand with a new logo
This year, major companies like Facebook Inc., Google Inc., StubHub and Airbnb have changed their logo and company branding. Is it time for your company to do the same?
Your mindset can be a competitive advantage in business, life
Author and entrepreneur Evan Carmichael wrote: “If there is something in common between the world's highly successful entrepreneurs ... it is their winning mindsets.” But what really do we mean by this term?
Getting started: Why startups should consult tax professionals
The School of Accountancy's Professor of Practice Donald Goldman offers a cautionary tale that illustrates the consequences of cutting corners when starting a business. In this case, saving a few dollars on legal advice in the beginning cost $3 million in the end.
Use summer to refresh your business vision
Doing business in the Phoenix metro area, we are used to things slowing down a bit during the summer. Partners, customers and investors often head out of town, and we may even get a chance to get away ourselves.
Should entrepreneurs try to do it all alone?
In addition to the people we hire to provide the skills that we either don't possess or don't do as well as someone else, it is the wise entrepreneur who assembles a cadre of advisers.