Blog

Using Manufacturing Methods to Improve Stock Market Investing Results

Different business sectors can learn a lot from each other. In this case, methods common to the manufacturing sector can be helpful to stock market investing. During the Covid lockdowns, I spent some time watching some shows that discussed stock market investing. The more I watched, the more it became clear to me that I could use my knowledge of ...
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Why Have a Small Business Retirement Plan?

There are many benefits from small business retirement planning. Retirement planning can leverage your years of hard work. There are plans and benefits for those that are solopreneurs and those that have employees. An issue that I see with some small business owners is the idea that the owner will eventually sell their business and those proceeds will be the ...
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How Small Business Owners Can Manage Stress and Anxiety

Small business ownership can definitely be stressful, so don’t feel like you are alone. Dealing with customers, employees, regulations, inflation, finances and even family can cause stress and anxiety. Here are some methods to manage the stress and anxiety. Choose the ones the work best for you. Background I am a small business owner. I currently own a small business ...
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Takeaways from the Book “The Scout Mindset”

The Scout Mindset has some excellent thoughts for business leaders that want to improve their business relationships and decision-making processes. The book was written by Julia Galef, host of the podcast Rationally Speaking. Julia discusses business and social issues. Most of all, she tackles thought processes, motivations, reasoning and assumptions in regards to how we make decisions. Two mindsets are ...
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Takeaways from the Book ALIEN Thinking

ALIEN Thinking was written by Cyril Bouquet, Jean-Louis Barsoux and Michael Wade. These folks are professors at IMD Business School based in Switzerland and Singapore. Their research revealed that innovators and inventors exhibit five patterns of thinking. These patterns of thinking are not a linear process, but all are explored before an idea reaches full fruition. These pattern names are ...
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Minimum Wage Increase 2021

Is a Domino Effect Caused by Increases in the Minimum Wage? Talk of raising the federal minimum wage is in the news again. We may think industries that pay their employees at or near minimum wage will be the only industries effected. Businesses such as hospitality, retail and restaurants. Could there be a domino effect to other industries that pay ...
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Covid Affects 2020

Covid Affects 2020: How a Small Business Consulting Firm is Dealing with a Messy 2020 What a mess 2020 is turning out to be. We are battling the Covid pandemic. We’ve had an election that seems to have added to the stress level of our society. Many people and small businesses have been negatively affected in a variety of ways. ...
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Why Small Businesses Should Innovate

Small businesses should innovate to increase revenues and diversify revenue sources. Sometimes it is a matter of survival. Small business innovations may not have the world-wide impact of Amazon, Google, Boeing and the like, but the innovations can have a positive impact on the business and niche markets. Definition of Innovate Innovate simply means to challenge the status quo and ...
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Small Business Crisis Management

A Story About Surviving a Small Business Crisis This small business crisis story comes from my days of owning a manufacturing company that was heavily reliant on the energy sector for its business. The price of oil plunged below $20/bbl in 1998 causing great stress on my business. It was not an easy process to make it through, but we ...
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How to Size Up Your Business

How to Size Up Your Business and Determine a Path Forward How has business been going for you? If business has not been going too well, perhaps it is time to size up your business and determine a path forward. The first step is to have a detailed look at your current situation. To do this, perform a current state ...
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