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Advising, Investing, Training for Business Owners

 

Use these Continuous Improvement Principles to Execute Your Plan


It may be difficult to implement continuous improvement into your business. Business is extremely complicated with parts that are always moving. Complexity, layers of management, time constraints, and lack of prioritization are areas that can get in the way of implementing continuous improvement.   Due to this complexity, identifying areas for improvement may be difficult.   Where to start, whom to engage, what to improve, and how to prioritize can lead to a lack of action, a lack of alignment, and utter frustration.   Continuous improvement has been perfected in areas like manufacturing environments.  In real time, different areas in…

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August 08, 2018

How to Manage from the Beach


The life of a small business owner ebbs and flows.     It is very difficult getting out of the day to day when so many people, including your customers, key employees, and suppliers rely on you. After a period of time there actually becomes an adrenaline rush of being the person that can figure things out and make things happen. A traditional firefighting mode sets in.   Something unplanned always happens. A major challenge with delivery, a product failure or a key account leaves. Perhaps a key employee that you cannot live without decides that your place is no…

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July 30, 2018

Let Your Employees Make Your Business Plan Come to Life


People and Process aligned with strategy and how you execute thereof.   This theme became ingrained in my thought process after reading Larry Bossidy’s book: Execution: The Discipline of Getting Things Done.   A business plan can be the basis of this alignment.   Some companies do not have business plans while others have elaborate plans. These elaborate plans perhaps get shared with only bankers, investors and board members.   Oftentimes when business plans are created, they get dusty, cluttered and not really used.  At least that was what happened to me in the early stages of my career.  …

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July 20, 2018

Consider this When Protecting Intellectual Property


Successful companies are extremely innovative. By listening to market trends, talking with customers and solving problems, they oftentimes come up with products or services that are novel, new, or applied in a manner that has never been done before.  There surely is value in this new concept, product, or service that they are bringing to the market. Therefore, it is proprietary in nature. Protecting your intellectual property, especially for smaller companies, offers some interesting challenges and different points of view as to what to do and how to do it. When considering the different points of view, always make your…

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July 13, 2018

Finding Hidden Inefficiencies Within Your Business


How would you define continuous improvement?   Some might say it’s the seamless flow of small changes within a business. They would be correct.   In any case, it can, and should be your culture.   A culture of continuous improvement diverges from the status quo and the “doing things the way they have always been done” phenomenon.   Continuous improvement is what drives your business from its current state to its future state. You just have to let it take the wheel.     Does your current culture reflect a culture of continuous improvement?   Where it Starts The…

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June 29, 2018

How to Maximize Accountability Within Your Business


One of the biggest sticking points in businesses is having a culture that promotes accountability.   Business owners dream of having a business where all staff members do what they say, and say what they do. In reality, however, this doesn’t always happen.   When a system is installed where people are able to hold themselves and others accountable for their actions, or inactions, more will get done and the business will grow.     This can be simple.   Here’s how:   Immediate Impact When business owners ensure accountability throughout their business, they will see improvements in all areas. …

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June 12, 2018

Turning Current States into Future Ones with Local Businesses


“How do I know how much my business is worth?”   “What can I do now to change my culture?”   “How do I change my current state into a desired future one?”   We have asked ourselves these questions, and plenty more. During our journey of starting and growing a business, we got stuck and unstuck many times.  Our next goal is to help other growth-minded entrepreneurs overcome their own inflection points.   Now we want to help   Recently, we hosted a small group discussion with local business owners and representatives about their challenges and current sticking points.…

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May 29, 2018

Jerry Jendusa Kicks Off THINC! 2018


What does innovation mean to you?   That’s the question keynote speaker and STUCK Co-Founder Jerry Jendusa asked attendees when he started his presentation at the 2018 Technology and Human Innovation Conference (THINC!).   Attendees answered the question via an online poll as well as in person.  117 people responded to the multiple choice question, with a majority selecting “Being creative and growth oriented”.   The creative mindset, combined with the desire to achieve growth, is how Jerry Jendusa grew his previous business, EMTEQ, from a start-up to an international 100M business. As he relates to this answer the most,…

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May 14, 2018
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