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The Innovation of Silly Putty

You never know where innovations will come from… Have you ever played with silly putty?  I have.  As a kid, I played with it and made small copies of newspaper print.  Then, I would wad up the silly putty, flatten it out and make another copy. Other people used the stuff for more practical uses like picking up dust and ...
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Why We Fear Change and Innovation

I have discovered three basic reasons why small businesses fear change and innovation.  We have a fear of failure.  We do not want to put forth the effort.  We do not know how to properly change and innovate. We Have a Fear of Failure We don’t like taking risks because of a fear of failure.  While risk can’t be totally ...
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Takeaways from “Good to Great” Book

Jim Collins’ book Good to Great is another excellent business book that discusses concepts from large business points of view. As I have noted before, I am interested in how these large company concepts can be applied to your small business to help you survive, grow and meet your goals. There were many great points in the book and here ...
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Junior Achievement of Oklahoma 2016

I recently participated in a Junior Achievement (JA) event called the JA Investor Challenge. JA is an organization that teaches kids skills in work readiness, entrepreneurship and financial literacy. The JA Investor Challenge is designed for high school kids to learn about the stock market through an exciting “hands-on” simulation. This gives the kids a chance to experience the excitement, ...
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Why Small Businesses Should Perform Research

Small businesses should perform research to help guide in critical decision making. Research should be performed before launching new products or services. Research should be performed before laying out a growth plan, marketing plan or making major operational changes. Below are some areas of research that the small business owner should consider. CURRENT CUSTOMERS Current customers are one of the ...
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Sales Forecasting and Risk Assessment

Large companies use statistical techniques and predictive modeling that utilize regression analysis, weighted averages, exponential smoothing, etc.  They have access to pools of data and operate in relatively stable environments. Generally, small businesses don’t have access to such complex forecasting models or pools of data.  They often operate in environments where one small change in the market or industry can ...
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Do I Do Business Plans?

Tulsa Business Plans Do I Do Business Plans? I am often asked if I help businesses in the Tulsa, Oklahoma area develop business plans. My answer is yes if you believe business planning helps in decision making, reducing risk, increasing the odds of success and is frequently required to satisfy the business loan application process. Often, business plans are only ...
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Helping Kids Get Ready for School

Recently, we had the opportunity to help kids get ready to go back to school through an event held at New Heights church in Owasso, OK. It was an all-day event and here are the results. 353 families were served 1220 kids received school supplies 1177 kids received a backpack 998 kids received a new pair of shoes 97 kids ...
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Cash Flow and Change Blindness

Cash is the lifeblood of business.  That is why cash flow management and forecasting is so important to small business owners.  Change blindness is a psychological term.  It is a phenomenon in visual perception in which very large changes in full view of a visual scene are not noticed. Perhaps you have seen the example of change blindness where 2 ...
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A Podcast with Create the Movement

I recently had the privilege of creating a podcast with Brad Post, President & CEO of Create the Movement, an internet marketing firm. Brad, along with his extensive team, are experts in the areas of website design, SEO (Search Engine Optimization), SEM (Search Engine Marketing), branding, social media, video production and much more. One of their core principles that should ...
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