Archive for February 2023
Connecting With Others: The Importance of Authentic and Humble Communication in Leadership
Research supports the idea that leaders who admit their mistakes and vulnerabilities are viewed as more authentic and trustworthy. According to a study published in the Journal of Business and Psychology, employees perceived leaders who were open and transparent about their weaknesses and mistakes as more trustworthy and effective than leaders who were defensive or tried to hide their imperfections.
Read MoreMaximizing Business Success: The Importance of Key Partnerships and Key Activities in Your Business Model
Key partnerships and activities provide businesses the tools to access vital resources, gain a competitive advantage, and ultimately create more customer value. However, identifying and leveraging these components can be a challenging process.
Read MoreEmpowering Commercial Loan Specialists: The Importance of Understanding the Business Model Canvas and Lean Startup Methodology
Commercial loan specialists must understand and utilize the Business Model Canvas and Lean Startup Methodology. By doing so, they can stay competitive, make informed funding decisions, reduce the risk of failure, and support the growth of innovative businesses.
Read MoreThe Power of the Human Voice: How Phone Conversations Strengthen Relationships in an Era of Digital Communication
Phone conversations are considered to be more effective than text message conversations in several ways. Firstly, phone conversations allow for real-time communication. When having a conversation over the phone, both parties can listen and respond to each other in real-time, making the interaction more immediate and spontaneous. This is particularly important for personal or emotional conversations where timing is crucial.
Read MoreLeveraging the Life-Cycle Framework: Helping Small Business Owners Transition from a Lifestyle Business to a Managed Growth Business
As a consultant, I work with small business owners to help them achieve their goals and grow their companies. One common challenge I see is the transition from a “lifestyle business” to a managed growth business. This transition can be difficult, as the owners must shift their focus from their personal needs to the needs of the business, and implement new strategies and systems to support growth.
Read MoreAdopting Creativity and Innovation for Next-Generation Business Leaders
As a business owner or leader, it’s important to stay ahead of the curve in today’s rapidly changing marketplace. One way to do this is by fostering creativity and innovation within your company. Not only will this help you stay competitive, but it will also attract the next generation of workforce leaders who are seeking exciting, dynamic work environments.
Read MoreSmall Family Business Sales: Navigating the Exit Process
Small family businesses play an important role in the economy, providing jobs and services to communities, and serving as engines of growth. However, as the owners age and consider retirement, they may face the decision of selling the business to a prospective buyer. This can be an emotional and complex process, as it involves not only the transfer of the business itself but also the financial and personal well-being of the owners and their families.
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