Business leaders get tired of settling for minor revenue increases without long-term, sustained business growth. Yet changing a company’s established approach to business “growth” can feel like confronting an unassailable fortress. Unfortunately, fortresses don’t advance. And neither will a business, as long as short-sighted practices remain unexamined. So let’s look at the growth problem through a different lens.
Business Growth
Are You Ready to Put AI to Work Growing Your Business?
If you shop online, use a banking app, scroll social media, or search with Google, you know firsthand how adept AI algorithms are at predicting your behavior, answering your questions, and dishing up attractive options. They perform this feat based on the vast reservoir of data at their disposal. In the business world, AI is doing this all the time, and not just for the Fortune 500 companies, or the companies that are building their own AI technology. The fact is, AI is hard at work right now sculpting the way all businesses will operate, engage with customers, and make strategic decisions in the future.
The 7 Fundamentals of Business Turnaround: Strategies for Success
In this fast-paced world, where business landscapes can change in the blink of an eye, a well-crafted turnaround plan becomes the linchpin between survival and failure. When the going gets tough, a fresh perspective from the outside can work wonders in helping you refocus on the core principles that can steer your business back to success.
Being Coachable for Business Success
I spent last week in London where I had the pleasure of attending Wimbledon with my wife and some close friends. Undoubtedly these players are gifted athletes but without the guidance of a good coach would they make the changes necessary to reach the top? It is the same in business.
The Value of Retaining Talent in a Competitive Market
As a family business owner, you may be feeling pressure to reduce staff, but the old adage that a bird in the hand is worth two in the bush is particularly apt when it comes to your employees. Despite the concerns about inflation and the push for layoffs, the companies that keep staff on the payroll will have a distinct advantage.
Do These 5 Things to Survive a Business Turnaround
If there’s a small silver lining to the COVID-19 pandemic, it’s the opportunity that many companies have had to make their operations remote.
5 Destructive Business Habits to Unlearn in 2019
With 2019 in full force, I’m working at putting more focus on…well, focus. Here are 5 habits I’m working to avoid that can throw you off your game…