Imagine starting your small business with a standout product or service that becomes a top seller. For years, everything seems perfect—until it’s not. While some products endure for decades, like Coca-Cola or Stormy Kromer Hats, many businesses face the reality that their once-popular offerings may no longer resonate with customers. As a small business owner, […]
Starting a business can be an intimidating endeavor. Statistics show high failure rates within the first five years, with many more businesses closing their doors between the five-to-ten-year mark. Common reasons for failure include a lack of capital, insufficient research, and poor marketing. However, one critical factor often overlooked is a bad partnership. Many aspiring […]
You’ve probably heard the saying, “Work on your business, not in your business.” It’s solid advice and for some it is right on target. But let’s take a closer look at what it really means. Michael Gerber’s book, E-Myth Revisited, dives deep into the pitfalls business owners face when they get stuck in the daily […]
Collaboration—it’s a buzzword we hear often, right? We’re constantly reminded of its value. But for small business owners, the story can be a little more complex. In schools, collaborative learning is encouraged to help students develop critical thinking, teamwork skills, and to prepare them for the workplace. In business, gathering ideas and input from a […]