The Five Friends weigh in with lessons that every entrepreneur should never forget. These lessons apply if you own a business, run a business, or manage a team within a business. [...]
Sooner or later, your business will probably die. The statistics for a start-up business are well known—50 percent fail within the first five years. Even the biggest companies are not immune from eventual obsolescence, however. [...]
This message has been around for years: Speed is essential to flourish in a world where past success only ensures that you used to be relevant. Your organization needs to be faster to market, quicker [...]
Why you? Why now? What makes you relevant? Options are everywhere and being good is the minimum expectation. Why should I pay attention to you rather than hit the “Next” button? Unfortunately, most people give [...]
If you want your business to be better, there are areas that will have to be different. If you want things to be different, you will have to change. For most businesses, the challenge to [...]
Have you ever head an idea and immediately thought, “That is brilliant!” It recently happened to me as I was emceeing an awards event for entrepreneurs and small business owners. The award was Entrepreneur of [...]
Are you afraid of being Uberized? You should be. Uber, Airbnb, and Lyft aren’t just the poster children for the Sharing Economy; they represent the continuation of a truth that is as old as civilization: [...]
You can’t cut your way to growth. Profitability? Yes, at least for a while, but growth is a completely different animal. Growth requires increasing the top line and there are only four basic ways to [...]
The Five Friends share the companies with which they love doing business. Find out what keeps them coming back again and again ... and what your business can learn from their experience. [...]
You are now in the middle of a change. How you arrived here doesn’t matter. It could be a planned change gone awry, or perhaps a crisis forced you to do or be something different. [...]
Business today can feel like being transported to the pages of the Louis Carroll classic Alice’s Adventures in Wonderland. The potential solutions for meeting today’s challenges are just as confusing as the problems: Change your [...]
A strong, vibrant organizational culture is the ultimate engine for accelerating change and adapting to new opportunities. It can also be an anchor that holds you back and contributes to your downfall. Which is it [...]
“We don’t do that stuff.” “What stuff?” I inquired to the person in the next seat. Truthfully, I knew what he meant. I had just responded to his question about what I do with my [...]
“Our organization isn’t working as well as it needs to be. Things aren’t bad. They used to be much better. The just aren’t that way now.” Every leader has, at some point, felt that everything [...]
You will never inspire the hearts and minds of others without a deep, genuine appreciation for the talent, commitment, and value that others can bring to your team. When you get that, your ability to [...]